Helping small business
CBDC Trinity Conception leading Atlantic Canada
Volunteers and staff of the Community Business Development Corporation (CBDC) Trinity Conception had a lot to celebrate when they gathered at their corporate office in Carbonear Oct. 18 for their annual general meeting.
Funded by ACOA, CBDC works with government and the private sector to help create small and medium sized businesses as well as expand and modernize existing enterprises by providing loans and technical services.
Inc oming b o a rd chairman Charlie Adams said, “CBDC Trinity Conception is becoming one of the leading CBDCS in Atlantic Canada.”
The meeting coincide with Small Business Week, in the Year of the Entrepreneur, as they c e l ebrat e the 25th anniversary of the Community Futures Program.
“So it’s a pretty important occasion in the life of everybody here because we’re all part of those things. We have a tremendous team here and our talent is being recognized throughout the province and Atlantic Canada,” the chairman said.
Former board chairman Stan Reid has been elected vice-chair of the provincial association of CBDCS.
Adams is the latest of three board members from CBDC Trinity Conception whom the provincial association has chosen as their volunteer- of- the- year. Don Blundon of Heart’s Content picked up that award last year, while Stan Reid of Heart’s Delight was named top volunteer in 2009.
Joy Matthews, a member of the staff at CBDC in Carbonear, serves on the Atlantic provinces management information systems committee. Diane Hodge Burt, executive director, sits on the Atlantic provinces communications committee.
“Our organizational skills and leadership abilities are getting recognized,” Adams noted.
CBDC Trinity Conception serves some 38,000 people in 68 communities throughout the region. They manage a portfolio of $ 4.2 million in loans to some 3,100 clients under their Employment Assistance Services (EAS) program.
Last year alone they managed 35 loans valued at just over $320,000 under their SEED ( funding) program.
“We created 40 full- time and three parttime jobs through the Self Employment Assistance ( SEA) program,” Adams noted. “And we ran a youth outreach program that held 64 sessions for some 2,200 youth in the region.”
Aside from lending money, Diane Hodge Burt, executive director CBDC Trinity Conception pointed out they also support clients and businesses through various training sessions and seminars.
De s c r i b i n g the employees as “the key to our success, Adams said: “You translate the vision into reality ... the plan into action, and you deliver the services that make the difference in the region.”
Roseanne Leonard, managing director for the Newfoundland and Labrador Association of CBDCS, was also on hand for the event.
Of the $15.6 million CBDCS NL loaned out in the last fiscal year, Leonard noted, just under $ 800,000 was loaned out by CBDC Trinity Conception alone.
“That’s a huge number, when you recognize there are 15 CBDCS in the province, all based in rural communities. That’s our strongest point, the fact that we’re rural, autonomous, volunteer and spouse and family supported,” she said.
Leonard suggested CBDCS don’t brag enough about their success stories.
“We’re starting to realize that while it’s nice to sit back and get the work done, we also have to tell everybody that we’re doing it, because we are very good at it. And you guys are just a great example of that.”