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Local Entrepreneurship Accelerator Program-Oceanside!

Local Entrepreneurship Accelerator Program - OceansideThis eight-week accelerator program is for aspiring business owners in the Oceanside area who are willing to commit to eight 3 hour sessions (plus business development time). Registration cost is only $100 per participant as the funding partners have underwritten the costs of this program for 12 promising entrepreneurial leaders. ($2,000 value).

APPLICATION DEADLINE: January 30, 2019  (Program start date: Mid-February)
A successful applicant is not someone with the perfect business idea, but rather someone who is aware of a meaningful problem in their community, and has an idea for a business which could solve the problem. This program is for people who are passionate, action-oriented and committed to seeing their idea through. You do not have to have experience; you just need an entrepreneurial spirit. What's that? Some comfort with risk, a dollop of creativity and a whole lot of tenacity.

Email us a brief description of your business or start-up idea along with an explanation of what social, environmental or economic issues your business may address. Please also include a resume or bio and contact information here. Find out more today http://bit.ly/2AYK4GN

#smallbusiness #smallbusinessloans #entrepreneurship

Entrepreneur In Residence has the answers!

Have a few questions on how to go forward? If so, you are a perfect candidate for the Entrepreneur in Residence Program. Participating in the EIR program allows you, a prospective entrepreneur or a current business owner in the Central Vancouver Island region, access to invaluable advice from a successful entrepreneur. Intake ongoing - sign up today!

http://cfnanaimo.org/advisory-services

#communityfutures #smallbusinessloans #businessadvice

Better Business Bureau Torch Award Finalist - Exceptional Employee
Congratulations to Jolynn Green who was a  finalist for the Better Business Bureau's new Exceptional  Employee Torch award, handed out at their Gala evening Nov 2, 2018.  
 
A conversation between Gloria Hatfield, President of the Gabriola Chamber of Commerce (GICC) and Community Futures Central Island (CFCI) Executive Director Jolynn Green, after the 2016 disbandment of  Nanaimo Economic Development Corporation (NEDC) and Tourism Nanaimo, focused on how “we” should work together to address the challenges Gabriola faces for business growth and the resources CFCI brings to the table; a conversation which led to the formation of a group trusted with the task to navigate the challenges around tourism and business development of Gabriola, Decourcy and Mudge Islands.When NEDC collapsed, everything that they had about Gabriola vanished and GICC have to start from square one recreating the website and collecting photos and information.
 
Gabriola Island  faces unique challenges for business growth and housing for staff due to limitations and bylaws enforced by the Islands Trust (IT). IT is a federation of local governments serving islands in the Salish Sea which are responsible for preserving and protecting the islands' distinctive amenities and environment. CFCI worked closely with GICC which is a member organization within the CFCI region. Green and Hatfield collaborated to create a strategic plan for economic development - the Strategy for Economic Prosperity on Gabriola (SEPG) - resulting in a three - year delivery agreement with the Regional District of Nanaimo (RDN).
 
It was very satisfying to see the results of many conversations transformed into SEPG.  The creation of SEPG connected deeply with the CFCI mission to assist and encourage the enhancement of economic and community development of the Central Island residents/business owners.  CFCI encouraged GICC to apply for monies from the Island Coastal Economic Trust (ICET), with Green leading the process that included collaborations with Gabriola Island businesses to share intellectual and in-kind resources among many organizations and stakeholders.
 
With SEPG ready to be implemented, ICET’s “Quick Start” stream of the Economic Development Readiness Program provided $5,000 to enable the GICC to move forward with the development of the organizational structure and human resources required to action the plan. Further collaborations resulted in the BC Rural Dividend Program (BCRDP) providing $100,000 to the GICC who will use the monies to develop a homegrown strategy for economic prosperity on Gabriola Island. Newly-hired Community Economic Development Officer (CEDO) Julie Sperber be responsible for balancing economic development with positive social impact and sustainable practices.
 
“This is unprecedented support that we are receiving from the Province and the RDN, CFCI and ICET,” mentions Hatfield. Green has been there through the entire process and continue to support stakeholders with bylaw, policy and procedure rewrites, and governance training, acting as a mentor for the newly appointed CEDO on a fourth application for ICET. According to Cheryl McLay, (Ministry of Forests, Lands and Natural Resources, Regional Economic Operations Branch), the CFCI/GICC application for RDN funding presented the model proposal; hence, other communities are approaching CFCI to assist with economic development proposals.
 
In summary Green facilitated, conversed, cajoled, wrote proposals and grant application,  and more … providing untold  hours of hard work which resulted in:
  • $6,000  from RDN - start the process
  • $29,925 from RDN  for 2017 - keep the train moving
  • $5,000 from ICET
  • $5,000  from RDN and then another $65,000 from RDN based on SEPG for 2018 and 2019 - to develop an economic development strategic plan
  • $5,000 from ICET -  organizational structure and HR required to action the plan
  • $100,000 from  BCRDP - to develop a strategy for economic prosperity
I, Ed Poli, as Chair of the Community Futures Central Island Board of Directors know that, "Jolynn is a powerful asset for CFCI and is truly an exceptional employee in every sense of the word. Her work on this Gabriola Economic Development initiative is just one example of how she regularly uses her energy, creativity, and impressive interpersonal skill set to serve CFCI and our community. "  I do believe she deserves to win the Exceptional Employee award as Green has gone above and beyond for this  client, and others. 
We threw a retirement party!

Wanda retired after 35+ years supporting our Community Futures Central Island office and central Island small businesses.

Wanda became involved before Community Futures was born!  She began her journey in 1979 as an Accounts Officer.  She joined the The Nanaimo Community Employment Advisory Society (NCEAS) which was formed under The Community Employment Strategy in 1975.  The general objective was to open up employment opportunities for persons experiencing difficulty finding and keeping satisfactory employment.  Ironically Don MacMillan was her Executive Director who she deeply admired and he is the man who this award commemorates.

After 40 years of dedicated service to community economic development Wanda has evolved as has the organization.  She has touched every aspect and person who has walked through the doors of the organization.  She has acted as a finance person, reception, business analyst and self employment coordinator… when the time has called she has stepped up in the time of need when Executive Directors were in transition to provide the continuity that has kept the longest operating CF in Canada moving forward. 

Western Growth Strategic Engagement Paper

The new global economy is transforming the way entrepreneurs operate their businesses. In fact, changes in today’s competitive landscape are driving businesses to rethink their strategies to reach beyond traditional boundaries. This is why the Government of Canada welcomes your input on the future of western Canada’s economy. Together, we will develop a Western Canada Growth Strategy that will help lay the foundation for our long-term success five years from now, ten years from now, and beyond. This engagement paper seeks public input to help develop the most effective strategy for economic growth. It is important that the views of those most directly involved help shape the foundation of this Western Canada Growth Strategy.

Click here to find out more on demographics, First Nations business development, GDP growth and stability, Labour market and more...

Canada announces $20M fund for women entrepreneurs

New federal program will provide up to $100,000 for female business owners to grow their operations

Women entrepreneurs in Canada will now have access to $20-million in federal cash, thanks to a new fund announced by the government late last week. The Women Entrepreneurship Fund, part of the Women Entrepreneurship Strategy announced with the 2018 budget, is intended to help female business owners of small- and medium-sized businesses grow their companies and increase access to international markets.

“Women still face unique and significant barriers when it comes to starting their own business,” Mary Ng, minister of small business and export promotion, said at the announcement in Delta on Friday, Oct. 19. “Women are called upon to do more domestic work, they’re more likely to be shut out of investment opportunities and they struggle to find the mentors … for the support and advice that they need,” she continued.

Read the full announcement here http://bit.ly/2JgdCDJ

Tricky Halloween Season Can Be a Treat for Small Business

Halloween may never again be like it was when we were young, when we kids would run rampant for hours with nary an adult in sight, trick-or-treating ourselves into sugar oblivion.

These days, it's the adults who are out running around on Halloween. According to the National Retail Federation, since 2009, adult spending on Halloween has doubled to now more than $9 billion a year, half of all adults bought costumes in 2017. And about 20% of us plan on outfitting our pets in costume.

As a small-business owner, instead of letting the Halloween bogeyman scare you, get in the spirit: decorate the store, hand out treats, hold a costume contest, offer Halloween specials and deals.

Halloween has become such an event that you need to ride this wave rather than resist it. Doing so sure is a lot more fun than saying "Boo!"

 

Community Futures Central Island wins big at Provincial Conference

We are so excited to announce Community Futures Central Island’s (CFCI)  board member Adam Hawryluk and staff member Wanda Zink, as well as our CFCI office each won awards at the Community Futures BC Provincial Conference this September in Merritt, BC.

Wanda Zink was awarded the Don McMillan award for her continued contribution to the Community Futures Network (CFN). She began her journey with Community Futures in 1979 and, after 40 years, she has touched every aspect and person who has walked through the doors, acting as a finance person, reception, business analyst and self employment coordinator, providing the continuity that has kept the longest operating CF moving forward. She was instrumental in the development of numerous systems, policies and procedures that allowed the organization to remain relevant and forward for four decades.

As Jolynn Green, current Executive Director (ED) of CFCI expresses, “Wanda is a champion of change management, having worked with four EDs, numerous staff, hundreds of volunteers, several funding agencies and changing governments.  Her ability to stay steady, believe in the vision and mission of the organization and the CF program is a testament to her tenacity and commitment.”

Adam Hawryluk won the Al McCracken award for his outstanding involvement, business skills and development expertise for continually making incredible contributions to the Community Futures Network (CFN). Currently he is on the Board of Directors for CFCI and previously was a member of CFCI Marketing Committee. At 35 Hawryluk will be one of the inspiring millennial generation who will bring new thinking to move the CFN forward.

“Adam’s background in finances and mortgages as well as his linkage to the Young Professionals of Nanaimo helps to keep us aware of new initiatives and thinking. He has been a positive influence and keen talent for the organization. Most importantly his leadership and problem solving skills are true assets,” states Ed Poli, Chair.

Our CFCI office was exceedingly proud to have walked away with the Investment Fund Portfolio award for demonstrating a robust Investment Portfolio with significant growth. At CFCI, we have seen exponential growth in our portfolio and attribute this to our innovative marketing strategy along with our prominent presence in the community. We have worked to build our community relationships with local financial institutions resulting in an increase in referrals and joint financing ventures.

Community Futures is a non-profit, small business development organization – based in the community and for the community - that provides business loans to small and medium sized business in rural communities where access to credit is a challenge to start or grow a business. Our wide variety of business loans and tools are designed to help entrepreneurs and small business owners achieve their goals.

 

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Communities Served

Ladysmith, Nanaimo, Gabriola Island, Lantzville, Nanoose, Parksville, Qualicum Beach, Bowser, French Creek, Lasqueti Island

CONTACT US

Community Futures Central Island
#14 - 327 Prideaux Street
Nanaimo, BC
V9R 2N4

T: 250.591.7499
T: 888.303.2232
T: 877.585.5385
F: 250.591.7498