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Table of Contents Message from the President Message from the President 3 The New Brunswick We have made a list of the specific programs offered Building strong entrepreneurial leverage in Association of CBDCs is by all 10 CBDCs in order to promote our large array rural communities in NB 4 happy to be celebrating its of services to government authorities. We highlight th A Consulting Advisory Services (CAS) program for entrepreneurs 6 20 anniversary. During the that these specific programs are an addition to our year 2015-2016, our actions regular lending programs. I would also like to recognize A Small Business Coaching program 6 enabled us to strengthen the the work CBDCs have done to standardize its annual A Self-Employment Benefit (SEB) program 6 links that are forged between reports. A growing momentum for women in business 7 the province’s 10 CBDCs. The Association will soon launch its new Business At the heart of our regions Here is an overview of our Plan, an extensive piece of work carried out by a team Chaleur 8 accomplishments. of experts formed by members of our CBDCs. The Charlotte/Kings 9 Our efforts to make CBDCs Business Plan is in editable format and can allow to Kent 10 the number one reference for make certain provisional calculations automatically. developing small to medium-sized businesses in rural Madawaska 11 The Women in Business Initiative (WBI) has not been areas have been fruitful. Our numerous meetings with Northumberland 12 left behind. Under the Association’s responsibility, representatives of the provincial government and the our four Development Officers remain ready to help Péninsule acadienne 13 Atlantic Canada Opportunities Agency (ACOA) are a women entrepreneurs throughout the province. The Restigouche 14 great example of how CBDCs are recognized as experts WBI constitutes a priceless resource in a world where Southwest 15 in their field. women play an increasingly important role in the Victoria Madawaska-South 16 Together, New Brunswick CBDCs have broken records economic empowerment of our communities. Westmorland Albert 17 this year, with an increase of 12.9% in loan investments Finally, I would like to take this opportunity to thank compared to last year, which provided an investment A variety of products and services for the success of Line Doiron, our Executive Director, and her devoted of $28.8M. A total of 558 businesses received financial our entrepreneurs 18 team. I would also like to thank our Executive assistance, which has helped create and maintain Committee, whose volunteer members are a valuable 2,459 jobs in our communities. The Self-Employment source of knowledge for us. I am happy to be able to Benefit (SEB) program also remains a key project count on these dynamic leaders, who are committed for CBDCs, with a total of 715 clients having reached to drawing on the power of small to medium-sized Mission employability through entrepreneurship. businesses in order to propel our communities ANNUAL REPORT 2015-2016 REPORT ANNUAL 2015-2016 REPORT ANNUAL The New Brunswick Association of Community Business Development Recent developments also made this last year towards the path to success, employability and long- s Corporations (CBDCs) is dedicated to representing the membership (10 individual noteworthy. Not only was the continuity of our term growth. And of course, if we are on this path, it s CBDCs, volunteers and staff members) on common issues. As a network, it Consulting Advisory Services (CAS) program highly is also because of our partners’ support: ACOA, the provides services to members and responds to their needs. It also serves as a successful, but we were able to improve it by making Department of Post-Secondary Education, Training and clearinghouse for information related to common objectives of the members. It innovation projects eligible under the program. Labour, the Regional Development Corporation, and maintains relationships with selected stakeholders that have similar objectives. Another successful program was the coaching pilot the Atlantic Association of CBDCs, to name only a few. project, in which 36 entrepreneurs took part. Dale Giberson, President Numerous steps have been taken for the development NB ASSOCIATION OF CBDC NB ASSOCIATION of a province-wide business succession program. This OF CBDC NB ASSOCIATION unifying project will fall under the responsibility of the Association and its members, and will answer for the Funded by the Government of Canada and the Province of New Brunswick through the Canada-New Brunswick Labour Market Agreements. need to sustain the driving forces of entrepreneurship The Government of Canada is pleased to provide financial support to the CBDCs in Atlantic Canada. in New Brunswick, something that has been mentioned time and time again. 3 The number of businesses who received financial assistance Building strong entrepreneurial leverage over the past five years across New Brunswick in rural communities in NB 600 558 494 500 477 419 433 400 The total value of assistance from 298 315 312 the CBDCs and financial leverage accross 300 251 246 the province over the past five years 233 179 200 Since inception, CBDCs 200 168 179 $80.0 Number of businesses have injected 375.4 million $70.0 dollars in New Brunswick rural 100 communities. $60.0 0 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 $50.0 2 $47.7 New businesses Existing businesses Total businesses $40.0 25 26 An increase of $30.0 12.9% ($3,280,413) of money In millions of dollars 1 An increase of 13% of the number A rise in jobs created and maintained $20.0 invested in loans by New of businesses that received financial was recorded this year with a 7.7% 255 2 Brunswick CBDCs compared to $10.0 10 225 210 the previous year. assistance during the 2015-2016 fiscal year increase compared to the previous compared to the previous year. year. $0.0 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 Total value of assistance Financial Leverage Jobs created and maintained in New Brunswick rural Number of applications received and approved for each Breakdown of amounts disbursed communities over the last five years New Brunswick CBDC loan product per loan product 400 (in millions of dollars) 3,000 349 350 $0.3 | 1.1% $0.4 | 1.4% 2,500 298 ANNUAL REPORT 2015-2016 REPORT ANNUAL 300 2015-2016 REPORT ANNUAL 2,000 s $6.5 | 22.5% s 250 211 1,500 200 177 175 Number of jobs 150 131 $4.4 | 15.2% 1,000 Number of applications 100 500 $17.2 | 59.8% 50 7 4 5 4 0 NB ASSOCIATION OF CBDC NB ASSOCIATION General Business Loan OF CBDC NB ASSOCIATION 0 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 al First-Time Entrepreneur Loan Time Jobs created 504 547 649 616 766 - eneur outh an ation Youth Loan st Y o Social v Gener an erprise an Fir epr L an o Social Enterprise Loan o an e o L Jobs maintained 977 1,601 1,123 1,667 1,693 Business L o Ent L Inno Entr L Innovation Loan Total 1,480 2,148 1,771 2,283 2,459 Number of applications received Number of applications approved 4 5 A Consulting A Small Business A growing Advisory Services Coaching program momentum for (CAS) program for women in business entrepreneurs The Association manages the Women in Business entrepreneurs, using different types of programs Initiative (WBI), the only organization acting on a and services (see table below). Furthermore, four provincial level to support women entrepreneurs, in development officers gave over80 presentations, both rural and urban communities. Four Development reaching over In partnership with ACOA, the Association provided For the first time, the New Brunswick CBDCs provided 270 representatives from various Officers cover the entire New Brunswick territory to agencies and organizations, in order to provide Consulting Advisory Services for the second a 6-month coaching service to . 36 entrepreneurs ensure that the entrepreneurial potential of women information on what the WBI can offer to women consecutive year to owners and managers of small Coaching differs from training, consulting and becomes an integral element of our communities’ entrepreneurs. Moreover, 16 information sessions to and medium-sized enterprises, by accessing a roster mentoring, in that the coach acts as a “Thought economic development. women entrepreneurs were held on hiring standards, of consultants throughout New Brunswick. In total, Partner” who helps entrepreneurs manage stress, Activity highlights submitting proposals to government, etc., and 37 CBDC clients and 14 ACOA clients have benefited confide in others, break the isolation, manage 2 training sessions for women entrepreneurs were Thanks to support from ACOA and the government of from this service, for an investment of $410,874. And, responsibilities, deal with criticism, make decisions, held on intellectual property with the Office of Small New Brunswick, the WBI program was able to reach for the first time, two other entrepreneurs qualified and much more. This pilot project was intended to and Medium Enterprises (OSME). to receive Innovation Consulting Advisory Services make promising entrepreneurs stronger in each rural women entrepreneurs, or in the process of becoming through a Technology Opportunity Assessment. community across the province. Goals set Results achieved Number of counselling sessions 200 447 >> Participation of 459 clients Number of training sessions 20 50 >> Participation of 508 clients Number of networking activities 6 6 >> Participation of 183 clients A Self-Employment Benefit (SEB) program Number of recognition events 10 12 >> Participation of 866 clients Try-Angle Masterming groups Number of applications received and approved Four groups, each consisting of 7-8 women, throughout the province over the past five years Access to an external consultant During the last fiscal year, were established over a period of 9 months in the Consulting Advisory Services were provided to the amount of financial regions of Fredericton, Moncton, Bathurst and 25 women entrepreneurs in fields as diverse as ANNUAL REPORT 2015-2016 REPORT ANNUAL assistance awarded totals Saint John.