When I started my business (http://TalentEgg.ca– career site for Gen-Y), I received a loan and coaching from the Canadian Youth Business Foundation (CYBF), and it is an association I am very proud to be a part of-they provide loans and coaching to hundreds of young entrepreneurs across Canada. I’ve written about my experience with CYBF on this blog before, and spoken about it at various events as well. It really has been an invaluable resource in both its formal activities (my mentor and my loan), as well as informally (the great people I’ve met through the program).
I am especially proud today to announce that CYBF was granted $10 million in today’s federal budget announcement.
This is especially relevant and important given the current economic conditions and the fact that this grant is projected to create 800 new businesses, 5000 new jobs, $135 million in sales revenues and $32 million in tax revenue within 5 years.