March 19, 1993 (34th Parliament, 3rd Session)


Kenneth David Atkinson

Progressive Conservative

Mr. Ken Atkinson (St. Catharines):

Madam Speaker, one way that my community is trying to regain economic activity and diversify its economy is by helping local people prepare to start their own businesses.
The Brock University Centre for Entrepreneurship, Niagara College and the innovative New Enterprise Store are teaching potential entrepreneurs the techniques necessary to establish their own businesses. The Niagara Enterprise Agency is also being established to help identify potential entrepreneurs in the plants that are closing and provide them with the training necessary to commence their own businesses.
Training programs are also in place to help train people for the opportunities that will be created by these new businesses.
However, local entrepreneurs are all too often running into the same problem. This is an inability to obtain the necessary capital to put their ideas into effect. Many of these new businesses do not have the assets which they can mortgage in order to obtain the needed financing. Government programs like the Small Businesses Loans Act, the Small Business Financing Program and the Federal Business Development Bank make financing available, but we must do more.
Many businesses do not fit within established formulas used by the-

Subtopic:   THE ECONOMY
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