Cbdc-Nb Ra2018 En.Pdf
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Table of Contents Message from the President 3 Building strong entrepreneurial leverage in rural communities in NB 4 A Consulting Advisory Services (CAS) program for entrepreneurs 6 A small business succession program for entrepreneurs 6 A Self-Employment Benefit (SEB) program 6 A growing momentum for women in business 7 At the heart of our regions Chaleur 8 Charlotte/Kings 9 Kent 10 Madawaska 11 Northumberland 12 Péninsule acadienne 13 Restigouche 14 Southwest 15 Victoria Madawaska-South 16 Westmorland Albert 17 A variety of products and services for the success of our entrepreneurs 18 Mission ANNUAL REPORT 2017-2018 REPORT ANNUAL The New Brunswick Association of Community Business Development s Corporations (CBDCs) is dedicated to representing the membership (10 individual CBDCs, volunteers and staff members) on common issues. As a network, it provides services to members and responds to their needs. It also serves as a clearinghouse for information related to common objectives of the members. It maintains relationships with selected stakeholders that have similar objectives. NB ASSOCIATION OF CBDC NB ASSOCIATION Funded by the Government of Canada and the Province of New Brunswick through the Canada-New Brunswick Labour Market Agreements. The Government of Canada is pleased to provide financial support to the CBDCs in Atlantic Canada. Message from the President My first year as the president We have had a record year for our consulting advisory of the New Brunswick services. 69 consulting projects have been approved by Association of Community our ten CBDC’s. An investment of $382,097 was made Business Development to improve the performance of our businesses through Corporations (CBDC’s) has professional expertise for market research, marketing proved to be a year full of new plans, workforce restructuring, etc. challenges and many projects The Women in Business Initiative (WBI) is led by our under development. Association and supports female entrepreneurs all I would first like to outline the over the province. After 14 years of existence, we have main components of our day- seen fit to improve this program by performing an to-day operations. assessment of all its components. In the next fiscal $24.4 million was disbursed year, the WBI will have new governance within our to our local businesses, resulting in a leverage of network to better target the needs of women business $30.1 million injected into our local economy. This owners, which, I emphasize, are a growing and vital impact in our workforce has resulted in 1,706 jobs force in the strengthening of our communities. created or maintained. In January 2018, during our network’s quarterly 2017-2018 was a very ambitious year. Firstly, meeting, we held a discussion panel bringing together a province-wide succession project for small nine entrepreneurs from every CBDC region. Together businesses has been proposed to the Atlantic Canada with ACOA and its president, Francis P. McGuire, these Opportunities Agency (ACOA) and the Government economic leaders have been able to deliver compelling of New Brunswick. We were able to set in motion an stories about the needs of our businesses and to environmental scan, referring to the best practices both provide directions for innovation, new markets, and nationally and internationally, and an action plan for ultimately, employability and workforce. the development and implementation of a program Finally, I would like to thank my colleagues and the that could cover the entirety of our province. I thank entire team of the Association and its Executive our provincial working group, who were able to create Director, Line Doiron, who knows how to position our this flagship project for local entrepreneurs. The results members in a spirit of cohesion with key partners, and of this project will be made available by the next fiscal put in place the necessary strategies to ensure that the 2017-2018 REPORT ANNUAL year. CBDC’s of New Brunswick remain the champions of s Our Self-Employment Benefit (SEB) program remains entrepreneurship. a highlight of our services. The CBDC network is proud Alain Guitard, President to be a leader in this area, covering both rural and urban areas. 355 new businesses have been created by unemployed people from a $6.6 million investment that boosts our economy with 667 new jobs. This year, our network supported the development of a pilot NB ASSOCIATION OF CBDC NB ASSOCIATION project to make the SEB accessible to people with disabilities. This service will be available in the next fiscal year. 3 Building strong entrepreneurial leverage in rural communities in NB The total value of assistance from the CBDCs and financial leverage accross the province over the past five years The total value of assistance of $24.4M enabled to leverage $80.0 extra investments in the $70.0 communities up to 123%. $60.0 $50.0 82 0 $40.0 2 01 2 $30.0 A total of 536 loan applications were approved through Boards In millions of dollars $20.0 of Directors in each of New 2 288 27 $10.0 210 2 Brunswick’s communities. $0.0 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 Total value of assistance Financial Leverage Number of applications received and approved for each Breakdown of amounts disbursed New Brunswick CBDC loan product per loan product 400 359 350 208 22 ANNUAL REPORT 2017-2018 REPORT ANNUAL 22 300 s 250 17 200 1 11 150 1 7 1 Number of applications 100 50 53.3% 7 66 6 NB ASSOCIATION OF CBDC NB ASSOCIATION 0 General Business Loan First-Time Entrepreneur Loan Youth General Social Youth Loan First-Time Loan Loan Business Loan Loan EnterpriseLoan Innovation Social Enterprise Loan Entrepreneur Innovation Loan Number of applications received Number of applications approved 4 The number of businesses who received financial assistance over the past five years across New Brunswick 900 778 800 700 600 8 556 494 496 500 433 400 1 12 27 300 2 2 222 Number of businesses 217 200 17 200 100 0 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 New businesses Existing businesses Total businesses Although jobs created and maintained have Since inception, CBDCs have injected 427.4 decreased, we suggest that the NB CBDCs’ total million dollars in New Brunswick rural investments outstanding of about $92.4M are communities. contributing to the long-term employability in all regions. Jobs created and maintained in New Brunswick rural communities over the past five years 3000 2500 ANNUAL REPORT 2017-2018 REPORT ANNUAL 2000 s 1500 Number of jobs 1000 500 0 201-201 201-201 201-201 201-2017 2017-2018 OF CBDC NB ASSOCIATION Jobs created 649 616 766 677 603 Jobs maintained 1,123 1,667 1,693 1,438 1,103 Total 1772 228 2 211 170 5 A Consulting Advisory Services A small business (CAS) program for succession program entrepreneurs for entrepreneurs In partnership with ACOA, the Association provided A consulting firm has been selected by a provincial Consulting Advisory Services to owners and managers working group led by the NB Association of CBDC’s of small and medium-sized enterprises, by accessing to begin an environmental scan as to identify best a roster of consultants throughout New Brunswick. practices in the country and abroad in terms of business In total, 69 CBDC clients and 8 ACOA clients have succession. An action plan will be tabled in 2018 with an benefited from this service, for an investment of opportunity analysis and strategies/recommendations $453,819. In addition, two other entrepreneurs for the development and implementation of a province- qualified to receive Innovation Consulting Advisory wide program covering both rural and urban areas. Services for an investment of $13,333. A Self-Employment Benefit (SEB) program Number of applications received and approved throughout the province over the past five years During the last fiscal year, the amount of financial ANNUAL REPORT 2017-2018 REPORT ANNUAL 800 assistance awarded totals 70 , 6.6 millions of dollars s 700 0 resulting in 667 jobs created 1 600 533 0 or maintained, allowing participants to continue to 500 1 receive Employment Insurance 400 346 0 70 355 Benefits or weekly allowance 300 (according to the existing Number of applications policy) to get their own 200 NB ASSOCIATION OF CBDC NB ASSOCIATION business up and running. 100 0 201-201 201-201 201-201 201-2017 2017-2018 Number of applications received Number of applications approved 6 A growing momentum for women in business The Association manages the Women in Business Thanks to support from ACOA and the government of Initiative (WBI), the only organization acting on a New Brunswick, the WBI program was able to reach provincial level to support women entrepreneurs in women entrepreneurs, or women in the process of both rural and urban communities. Development becoming entrepreneurs, using different types of Officers cover the entire New Brunswick territory to programs and services. ensure that the entrepreneurial potential of women becomes an integral element of our communities’ economic development. Activity highlights Counselling sessions Recognition events Number of sessions ..........................................................535 Number of events ............................................................... 16 Training sessions Partner presentations Number of sessions ............................................................47 Number of presentations ..................................................71 Number of participants ................................................... 304 Number of representatives .............................................286