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THE CITIZEN, WEDNESDAY, MARCH 20, 1996 PAGE 13.
HBDC successful in job creation business
Loans from the Huron Business
Development Corporation have
helped create or maintain 199 full
and part-time jobs in the past two
years with only one small loss, the
annual meeting of the corporation
held in Wingham, March 13 heard.
Jim Niesen, business and loans
manager told the several dozen
people present that the HBDC has
loaned $527,500 in its two years of
operation with only one loss of
$5,000. Given the risk factor in
supporting businesses that have
been turned down by other lenders
this is remarkable, he said.
The goal of the corporation had
been to create or maintain one job
for every $10,000 loaned but this
past year it created one job for
every $3,000 and over the two
years the average is one job created
for every $2,650.
The HBDC loans have helped
create businesses in which the own-
ers invested $660,000 and lever-
aged $649,000 from other financial
sources.
In addition to actually loaning
money, HBDC has run programs to
help teach people how to start their
own business, assisted entre-
preneurs to create business plans
and assisted budding business own-
ers in putting together a package to
apply to banks or other financial
institutions for financing for their
enterprise.
Paul Nichol, community devel-
opment manager with HBDC said
the goals of his branch were stimu-
lating entrepreneurship, identifying
opportunities, enhancing manage-
ment skills, improving access to
financing, promoting local assets
and encouraging partnerships.
HBDC, with the support of the
business community, helped start a
Junior Achievement Program in
1995 which involved 350 young
entrepreneurs in 10 schools get
practical, hands-on experience in
business.
A summer entrepreneurship pro-
gram was run at The Arc in Brus-
sels to help young, people start their
own summer business.
Research was done into creating
a Renaissance Festival in Huron
County, recreating a 16th Century
village where actors would dress in
period costume and provide recre-
ational activities. This could create
40-50 seasonal jobs if the right
location and backer can be found.
Working with Women and Rural
Economic Development (WRED),
the corporation provided lectures,
group and individual activities,
guest speakers and counselling for
farm families interested in launch-
ing farm-based businesses. The
program, which is continuing,
involved 15 families last year.
Through events such as A Taste
As all government-funded orga-
nizations study their budgets and
efficiency, the Strategic Planning
Committee for Clinton Public Hos-
pital brought recommendations to
the Feb. 26 meeting of the board.
It was suggested the hospital
should consider a change in role,
stressing ambulatory and out-
patient care instead of traditional
in-patient programs. Ambulatory
care could include obstetrics and
out-patient surgery.
It was noted by board Secretary
of Country Food Fair in Blyth and
the Huron County Fann Hiker Tour
in the the Clinton-area last fall,
HBDC worked with other groups to
promote Huron farm and food pro-
ducing businesses. The corporation
also sponsored the 10 Steps to
Community Action Program with
70 students graduating in the past
three years.
Efforts to create the Huron Com-
munity Investment Share Corpora-
Allan Hall that this would be a
major shift in focus for CPH, but
may be appropriate instead of fight-
ing neighbouring hospitals for a
declining need of in-patient beds.
The development of a fundrais-
ing and investing foundation was
discussed at length, by the Joint
Finance and Property Committee.
Further investigation will take
place into how assets would be
dealt with in the event of a merger
or other reorganization of the hos-
pital.
tion, a $500,000 investment fund in
which local people could help cre-
ate jobs by investing in local busi-
nesses, are awaiting decisions from
the Ontario Ministry of Finance
and the Ontario Ministry of Munic-
ipal Affairs and Housing.
Several of the businesses that
have been encouraged under vari-
ous HBDC programs had displays
at the meeting held at the Wingham
Legion.
The board approved a voluntary
road toll on Clinton, May 17, as a
fundraiser.
In discussions with Blyth Clerk-
Treasurer John Stewart, Hall said
any interested candidates will be
informed of the part-time opportu-
nity in Blyth, to take over when Dr.
Raczycki's relocates to Clinton.
An appropriate plaque, recogniz-
ing the contributions of Dr.
William Mustard, will be prepared
and placed in the hospital.
CPH considers role change
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