Community Business Development Corporations (CBDCs) supporting development of small businesses through tailored financing, mentorship, and training programs
The Government of Canada is proud to support the growth and development of small-and medium-sized enterprises (SMEs) in rural, coastal, and remote areas of Nova Scotia.
Today, Darrell Samson, Parliamentary Secretary to the Minister of Rural Economic Development and Minister responsible for ACOA, and Member of Parliament for Sackville - Preston - Chezzetcook, announced investments totaling $3,551,945 for 2024-25 through the Community Futures Program for 13 CBDCs in Nova Scotia and the Nova Scotia Association of CBDCs. This announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.
This funding will enable the CBDCs to offer essential financial assistance, specialized training, expert guidance, and customized local initiatives to the rural businesses, organizations, and communities they support.
For a full list of CBDCs receiving this funding, please refer to the backgrounder.
This investment is part of the $12.6 million allocated by the Government of Canada, through ACOA, to support the 41 CBDCs in Atlantic Canada under the Community Futures Program. With this contribution, the CBDCs in Nova Scotia will continue to provide essential support to local businesses, including financing, training, and services tailored to the needs of local entrepreneurs.
