News Release
October 19, 2006
Regional Economic and Co-operative Development - 755
PROVINCE CELEBRATES JOB CREATION IN RURAL SASKATCHEWAN
The Raycrafters Development Co-operative and the Two Lakes Rural Development Co-operative in Mossbank were recognized at a special ceremony today for their efforts in creating and maintaining jobs in rural Saskatchewan through the province's Small Business Loans Association (SBLA) program. "On behalf of the Government of Saskatchewan, I'd like to thank these organizations for their dedication and hard work, which have helped grow the provincial economy and improve the quality of life in this region," Deputy Premier and Regional Economic and Co-operative Development Minister Clay Serby said. "The Raycrafters and Two Lakes Rural Development Co-operatives should be commended for their tremendous work, which has resulted in the creation and maintenance of 65 jobs in the region." Under the SBLA program, the Government of Saskatchewan provides funding of up to $200,000 to community-operated SBLA organizations. In turn, the SBLAs use the line of credit to make loans of up to $15,000 to new and existing businesses. There are currently 238 active SBLAs in the province. Community-based interest groups, co-operatives, corporations, rural development corporations and Regional Economic Development Authorities can form SBLAs – most of which are located in rural areas. "This government is committed to making life better for the average Saskatchewan family and building a stronger economy where everyone benefits," Serby said. "The SBLA program is tailored to meet the needs of small business owners, particularly in rural areas, by providing accessible loans and encouraging entrepreneurial growth throughout the province. Small businesses diversify the economy, create jobs, support families and communities and contribute greatly to the high quality of life for which Saskatchewan is known." Since the inception of the SBLA program in 1989, more than $57 million has been loaned to more than 8,500 new and existing businesses. As a direct result of this activity, more than 13,000 jobs have been created or maintained.-30-
For More Information, Contact:
Donna Rehirchuk Regional Economic and Co-operative Development Regina Phone: (306) 787-2359 |