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Program Updates

CBDC’s Youth Ventures program is back for the 26th season helping Newfoundland and Labrador youth start businesses

For Immediate Release                                                                                                  

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St. John’s, NL, June 8th, 2018 – Young people interested in starting a business this summer have a place to turn for help. Youth Ventures Newfoundland and Labrador, a program which helps students aged 12-29 start their own businesses, is up and running for its 26th season.

“Youth Ventures empowers young people to turn their hobbies, interests and passions into money making profitable ventures,” said Ashley Pomeroy, Provincial Coordinator, Youth Ventures. “The program is available to students from May to September, with coordinators in 25 locations across the province. In addition to our community-based sites, we’re thrilled this year to also partner with the Association for New Canadians to support immigrant youth and Choices for Youth to support at-risk youth.

To kickoff the season, Youth Ventures participants from a variety of industries showcased their products and services at Common Ground Coworking today. Island Cosmetics, a Newfoundland and Labrador themed vegan cosmetics manufacturer; The Convenience Crew, a lawn care and garbage removal company; and Tolt Sticks, a handcrafted walking stick company made from Newfoundland hardwood, were some of the participating businesses.

On hand to help celebrate these young business owners’ achievements are representatives of Youth Ventures partners: Nick Whalen, Member of Parliament for Avalon, representing the Government of Canada; Bernard Davis, Parliamentary Secretary to the Minister of Service NL representing the Government of Newfoundland and Labrador; and Roseanne Leonard, Managing Director of the Newfoundland and Labrador Association of Community Business Development Corporation (CBDCs).

“The start of the Youth Ventures season is always an exciting part of the year for CBDCs. There is an energy about the program, that helps remind us of the creativity and enthusiasm that youth in Newfoundland and Labrador have for starting their own business,” said Roseanne Leonard, Managing Director of the Newfoundland and Labrador Association of CBDCs. “Entrepreneurial aspirations are evident as more and more youth want to be their own boss.” Since the program started in 1992, we’ve helped over 7000 young entrepreneurs in Newfoundland and Labrador

The Atlantic Canada Opportunities Agency (ACOA) invested $425,009 through the Business Development Program (BDP) to enable the Newfoundland and Labrador Association of Community Business Development Corporations to deliver the Youth Ventures Program this year.

“The Government of Canada invests in young people, in their innovative ideas and in business growth because we know that in order to face the challenges of today and tomorrow, we will need the hard work and creativity of all Canadians – young and old,” said Nick Whalen, Member of Parliament for Avalon, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA).  “This investment will see Youth Ventures delivered to youth across Newfoundland and Labrador and will help enterprising young people to start their own summer businesses and to contribute to our economy.”

The Provincial Government is providing $95,000 this year to the Youth Ventures Program.

“Our government is pleased to support Youth Ventures which provides invaluable assistance to our provinces young people who are embracing the entrepreneurial spirit and creating opportunities and employment for themselves,” said the Honourable Al Hawkins, Minister of Advanced Education, Skills and Labour. “I commend Youth Ventures for expanding this year to include immigrant youth. This focus is encouraging as we continue to implement the provincial immigration action plan and work to increase newcomers to 1,700 newcomers annually by 2022.”

 

For more information, please contact Ashley Pomeroy:
709-745-4406 /
ashley.pomeroy@cbdc.ca
Cellular: Roseanne Leonard / 709-691-5530