Help­ing small busi­ness

CBDC Trinity Con­cep­tion lead­ing At­lantic Canada

The Compass - - P2011ORTHTE - BY BILL BOW­MAN

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.

Re­gional ser­vice

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.”

Strong­est point

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.”

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