Community Futures join forces; make a difference for education in northern B.C.

The Northern BC Trade and Finance Group, an alliance of five northern B.C. Community Futures,

The Northern BC Trade and Finance Group, an alliance of five northern B.C. Community Futures, is proud to be a finance partner of the School District No. 91 Business Company, whose successful foray into international education was announced after the official signing by Minister George Abbott in Beijing on March 21.

The School District No. 91 Business Company is slated to open “Canadian Pathways Xianghe No 1 BC Offshore School” in September 2012. This undertaking is a significant achievement for both the export of educational services and B.C.’s wood products that will be used in the construction of the school in the Xianghe Province in China.

In the Community Futures network, financing of the School District No. 91’s business plan is also a significant achievement; the scope and complexity of the business financing would have been beyond the capability of any one of its individual offices. The Northern BC Trade and Finance Group, was struck in late 2010 under a Memorandum of Understanding (MOU), bringing together the lending capacity and expertise of the five Community Futures Development Corporations:  Haida Gwaii (Massett), Pacific Northwest (Prince Rupert), 16/37 (Terrace), Stuart Nechako (Vanderhoof) and Nadina (Houston).

The Northern BC Trade and Finance Group collaboratively develops innovative, non-traditional financing solutions and responds specifically to businesses that have a need to borrow more than $150,000.  Since its formation, the Northern BC Trade and Finance Group has financed two projects, both in excess of one million dollars.

“This is a great example of the whole being better than the sum of its parts,” says John Farrell, General Manager of Community Futures Pacific Northwest in Prince Rupert. “The Northern BC Trade and Finance Group brings together the financing strength and business development expertise of five Community Futures operations, along with their network of lending partners, to support local businesses with access to capital and valuable networking opportunities.”

In part, the Northern BC Trade and Finance Group was formed to support local businesses reach global markets. As a member of a network of 34 CF’s in B.C. and over 250 in Canada, each independent non-profit CF is dedicated to serving their local communities and improving the diversity and stability of local economies through a wide variety of business services including loans and training.

Community Futures organizations are committed to:

•  Helping small businesses expand into new markets, restructure, or respond to increased demand,

•  Providing competitive financing that meets the needs of businesses within the region,

• Building supply chain relationships within the region that will make the Northwest corridor stronger and more competitive.

“The goals of the CF organizations may seem lofty for a small business in a rural, remote community like Fort St. James or Vanderhoof,” says general manager of Community Futures Stuart Nechako, Keith Federink, “but School District No. 91 Business Company’s success proves that the possibilities for international trade are out there. It is exciting to support the growth and enhanced operations that could lead to more relationships in global markets.“

Small businesses are encouraged to contact the Community Futures office supporting their community for any of their business development, financing or entrepreneurship training programs.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

“We have to make a call out to address this now so our people don’t have to feel fearful,” said Tribal Chief Mina Holmes. (Carrier Sekani Tribal Council Facebook photo)
Carrier Sekani Tribal Council seeks Indigenous-led task force in northern B.C. hospitals

Request made in an open letter to federal minister Carolyn Bennett

NDP headquarters on election night, Oct. 24, 2020. (Katya Slepian/Black Press Media)
ELECTION 2020: Live blog from B.C. party headquarters

BC NDP projected to win majority government – but celebrations will look different this election

B.C. Green Party leader Sonia Furstenau outlines her party's climate action platform at Nanaimo's Vancouver Island Conference Centre earlier this month. (News Bulletin file photo)
Green leader Furstenau declared victor in her home riding on Vancouver Island

Cowichan Valley voters elect freshly minted party leader for her second term

Submitted
BC VOTES 2020: John Rustad re-elected in Nechako Lakes riding

The result is based on preliminary vote count and the final results will be available after Nov.6

John Horgan has been re-elected the MLA for Langford-Juan de Fuca. (File-Black Press)
Horgan trounces challengers to be re-elected in his Vancouver Island riding

MLA has represented constituency of Langford-Juan de Fuca and its predecessors since 2005

Carolyn and Steve Touhey came across a pod of humpback whales while on their boat Sunday, Oct. 25. Photo supplied
VIDEO: Boaters encounter pod of humpbacks in Georgia Strait

Pod spotted between Comox and Texada Island

The Williams Lake Indian Band is stipulating no-go zones for mushroom picking in areas burned by last summer’s wildfires. 100 Mile Free Press photo
Who controls mushroom harvesting on Indigenous lands?

‘We don’t necessarily know where the mushrooms grow, how old the stands need to be, those types of things.’

Canadian and American flags fly near the Ambassador Bridge at the Canada/USA border crossing in Windsor, Ont. on Saturday, March 21, 2020. THE CANADIAN PRESS/Rob Gurdebeke
U.S. election results one factor that could impact immigration to Canada next year

The survey polled 1,523 Canadians between Oct. 23 and Oct. 25

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

The voting station mimicked a real voting station in Nicole Choi’s classroom at Chilliwack middle school on Oct. 22, 2020, where students had to show their ID (student cards), be checked off a list, and mark a secret ballot behind a screen. (Jessica Peters/ Chilliwack Progress)
B.C. students choose NDP majority in mock election

More than 90,000 youth took part in school-based election process

Crew transport bus at the Trans Mountain pipeline project work site in Burnaby, March 2020. (Trans Mountain)
Check your workplace COVID-19 safety plans, Dr. Henry urges

Masks in public spaces, distance in lunchrooms for winter

B.C.’s Court of Appeal is in Vancouver. (File photo: Tom Zytaruk)
Judgment reserved in Surrey Six slayings appeals

Six men were killed in suite 1505 of the Balmoral Tower in Whalley on Oct. 19, 2007

Kelowna City Hall has been vandalized overnight. (Michael Rodriguez - Capital News)
Kelowna City Hall hit by anti-pandemic vandalism

Graffiti condemning the virus appears overnight on City Hall

Most Read