Thursday, May 20, 2010

Opportunities for Business

Many residents of Nunatsiavut question the lack of services in our communities.

An even higher number of residents are likely unaware of the assistance available from the Nunatsiavut Government.

Molly Shiwak is the Business Development Officer with the Nunatsiavut Business Centre Incorporated (NBC).

She says the NBC has many resources available to assist Nunatsiavut beneficiaries with business development.

The NBC provides up to a $180, 000 loan to any beneficiary who is trying to develop a business.

That loan is available to any beneficiary within Canada.

To be eligible for that loan, the applicant must provide a sound business plan as well as 10 per cent of the start-up capital.

The business plan must then be approved by the NBC's board of directors.

Shiwak says they also provide assistance in developing the business plan.

The NBC was created in 2004.

Since then it has assisted in developing many businesses such as Aivek Holdings in Nain and Lyall's Drafting and Design in Happy Valley-Goose Bay.

Shiwak adds that they are constantly encouraging and inviting people to apply for their services.

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