Compact Enterprise BC receives more than $three.six million to assist develop tiny corporations beyond B.C.

The Government of Canada is creating investments to champion tiny corporations and help their export journey

VANCOUVER, BC, June two, 2023 /CNW/ – British Columbia’s tiny corporations are the heart of our communities and the financial engine of our province. To continue fueling the entrepreneurial spirit of British Columbians, the Government of Canada is creating investments to help additional tiny corporations in B.C. and introduce them to the planet.

Compact Enterprise BC receives more than $three.six million to assist develop tiny corporations beyond B.C. (CNW Group/Pacific Financial Improvement Canada)

Now at the 20th annual Compact Enterprise BC Awards, the Honourable Harjit S. Sajjan, Minister of International Improvement and Minister accountable for the Pacific Financial Improvement Agency of Canada (PacifiCan), announced PacifiCan funding of $three.65M to assist Compact Enterprise BC celebrate entrepreneurs and enhance the export capacity of tiny corporations across the province.

An investment of $three.6M more than 3 years will assist Compact Enterprise BC renew and expand the Export Navigator plan to attain additional men and women across B.C. Export Navigator is a no cost service that assists tiny corporations develop into export prepared. A network of neighborhood-primarily based export advisors offer one particular-on-one particular guidance that can assist tiny company owners tap into new international markets. With this funding, Compact Enterprise BC will expand the plan to the Decrease Mainland, Higher Victoria, and the Sea-to-Sky Area, so that entrepreneurs in all components of the province can now access Export Navigator. Compact Enterprise BC will also boost the program’s help for Indigenous entrepreneurs.

Considering that 2016, almost 900 B.C. corporations, such as these owned by Indigenous, girls and youth entrepreneurs, have benefited from the plan. The expanded geographic coverage will also assist additional beneath-represented company owners, quite a few of whom reside in urban places, access the Export Navigator plan and attain new markets. PacifiCan has been a proud supporter of Export Navigator given that 2019.

The remaining $50,000 will help the 20th annual Compact Enterprise BC Awards, Western Canada’s biggest awards competitors committed to tiny corporations. Compact Enterprise BC’s marquee celebration recognizes difficult-operating and resilient entrepreneurs in B.C. that contribute to the wealthy financial diversity across the province.

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Quotes

“Entrepreneurs in B.C. are producing Canadian-created innovations that have a worldwide influence, but it can be difficult to access larger international markets. Export Navigator assists overcome barriers by supplying customized help for tiny corporations seeking to expand to new markets. Compact corporations are the backbone of our economy and applications like Export Navigator are empowering British Columbians to develop their corporations, generate jobs, and fuel our economy.”
          –  The Honourable Harjit S. Sajjan, Minister of International Improvement and Minister accountable for the Pacific Financial Improvement Agency of Canada

“Funding offered by the Government of Canada to expand our Export Navigator plan will enable Compact Enterprise BC and its Export Advisors to assist hundreds of corporations all through the province to greater comprehend how they can develop their markets beyond British Columbia. We are grateful for the partnership and trust that Minister Sajjan and PacifiCan have placed on Compact Enterprise BC to provide this important service with such financial influence.”
          –  Tom Conway, CEO, Compact Enterprise BC

Swift Details

• PacifiCan is the federal financial improvement agency committed to British Columbians. PacifiCan performs with partners who are creating revolutionary corporations, producing good quality jobs, and supporting inclusive development all through our province.

• With core funding from the Province of British Columbia and PacifiCan, Compact Enterprise B.C is a not-for-profit organization supplying company improvement advisory solutions, programming, and education to tiny company owners in BC to assist them develop prosperous and sustainable corporations.

• In 2016, Export Navigator was launched as a pilot plan in 4 communities. In 2019, PacifiCan invested $two.25M more than 3 years to assist Compact Enterprise B.C. provide an expanded version of Export Navigator to additional communities in B.C.

• With this funding, Export Navigator is now readily available in all eight B.C. financial improvement regions: Mainland/Southwest, Vancouver Island/Coast, Cariboo, Thompson-Okanagan, Kootenay, North Coast and Nechako, and Northeast.

• The biggest groups of participating corporations are from the agri-foods sector, followed by manufacturing, customer goods, and clean technologies.

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