Hillier’s Garage wins business award
CBDC reports record year for lending in Trinity Conception region
CBDC is an acronym for Community Business Development Corporation, and there are 15 in this province. The corporations promote economic development through business loans, counselling and training.
Charles Adams of Harbour Grace is chairman of the corporation’s volunteer board of directors, and proudly noted that CBDC Trinity Conception approved a record $1.4 million in loans during 2011-12, an increase of 113 per cent over the previous year. The 19 loans helped create 18 full-time and three part-time jobs. “It’s been a tremendous, marvellous year,” Adams stated during his address to those attending the AGM at the corporation’s office on Industrial Crescent.
The loans are used to either start or grow a company in the 72 communities served by CBDC Trinity Conception.
Roseanne Leonard, managing director for the Newfoundland and Labrador Association of CBDCs, said some $16 million in loans was dispersed throughout the province in 2011-12.
She described that as “an amazing number,” since CBDCs only serve rural areas.
“We’re helping start and expand more businesses than ever,” she said.
An official with the Atlantic Canada Opportunities Agency (ACOA), Nancy Robbins, said 2011-12 was the most successful year to date for CBDC loan disbursements in the province.
ACOA is the lead funding agency for the CBDC, which has 41 corporations throughout Atlantic Canada.
Some other partners include the provincial Department of Advanced Education and Skills, Mariner Resource Opportunities Network Inc. (MRON), and the Newfoundland and Labrador Organization of Women Entrepreneurs (NLOWE).
On the Web: http://cbdc.ca/
The owner of Hillier’s Garage in Green’s Harbour, Aaron Hillier, has been awarded the 2012 CBDC Trinity Conception Business Award of Distinction.
The presentation was one of the highlights of the CBDC Trinity Conception annual general meeting, held in Carbonear on Oct. 16. In accepting the award, Hillier said he was not expecting to win. “I just do what I do best,” Hillier said, a reference to his commitment to operating his business.
Hillier’s Garage has been in operation for some 34 years, and was established by Aaron’s father. Aaron took over the business in 2010.
Hillier’s Garage was one of two finalists for the 2012 award. The second finalist was Karen Durfey, owner of Ripple Trail Farm in Markland, near Whitbourne.
CBDC Trinity Conception has been honouring local entrepreneurs with this award since 2007. The award recognizes contributions to the economy, job market and the community at large. Other criteria includes operating success, sales and future growth potential.
The 2011 award went to Paul Colbert, a pharmacist and former owner of Colbert’s Retirement Centre Limited in Old Perlican.