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Among our accomplishments for 2018-2019, CBDC Kent granted funding to 77 business people, for a total of $3,548,325 in the Kent county region and the Rogersville civil parish. These investments helped create 82 jobs and maintain 152 jobs in the region.

The service sector is the business sector where the corporation invested the most, with $710,340, followed by the fishing sector ($677,750), the wholesale and retail sector ($447,374) and the agricultural sector ($252,850).

A total of 52 participants were approved for the Self-Employment Benefit (SEB) program. This program assisted in the start-up of 52 new businesses and the creation of 92 full-time and part-time jobs.

Over the last year, we also focused on training for entrepreneurs. As for training provided as part of the Atlantic Association of CBDCs Entrepreneurial Fund, 18 clients benefited from it, for a total of $27,646.

Furthermore, 3 participants benefited from the Consulting Advisory Services program, for an investment of $14,779. These different trainings assisted business people in becoming more efficient in their respective fields.

Since 2012, the loan portfolio has seen an annual growth. The Board of Directors is pleased to announce that the corporation has a portfolio of almost $11 million.

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1%3%

9%2%

7%

13%

7%

19%

5%

7%

20%

Wholesale and Retail Trade

Service

Transportation and Storage

Health care

Manufacturing

Aquaculture

Agricultural

Fisheries

Construction

Food services

Forestry

Waste management

7%

Training sessionsNumber of sessions 18

Number of clients 18

Amounts granted $27,646

Self-Employment BenefitApplications approved 52

Value of assistance $910,000

Consulting Advisory ServicesNumber of clients 3

Amounts granted $14,779

Requests processedApplications received 87

Applications approved 77

Amounts invested $3,548,325

Number of business counselling sessionsNumber of clients 289

Impact on businessesNew businesses 35

Existing businesses 38

Total 73

Impact on employmentJobs created 82

Jobs maintained 152

Total 234

Loans by Sector

Inve

stm

ents

in th

e re

gion

Twelve (12) seminars for the year 2018-2019

In addition to the general services and programs presented below, CBDC Kent offers Business Development Seminars to individuals considering starting their own business.

The topics covered include: financing, marketing, cash flow and accounting. A total of 173 individuals benefited from this program.

Community Business Development Corporation

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The total value of assistance from the CBDC and financial leverage over the past five years

Number of applications approved for each CBDC loan product

Breakdown of amounts disbursed per loan product (in millions of dollars)

Since its inception in 1981, CBDC Kent injected over $50M in the

community.

Compared to the previous year, an additional amount of

$469,154 was disbursed, which suggests a greater need for the support of our entrepreneurs.

Building strong entrepreneurial leverage in the Kent region

In m

illio

ns o

f dol

lars

2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

Total value of assistance Financial Leverage

0,0 $1,0 $2,0 $3,0 $4,0 $5,0 $6,0 $7,0 $8,0 $9,0 $

10,0 $11,0 $12,0 $13,0 $14,0 $

$5.6

$4.9

$6.0

$3.7 $3.2

$2.7

$8.4

$3.1

$8.4

$3.5

Num

ber

of a

pplic

atio

ns

Gener

al

Busines

s Loa

nFir

st-Tim

e

Entre

preneu

r Loa

n

Youth

Loan

Socia

l

Ente

rpris

e Loa

n

Innov

ation

Loan

0

5

10

15

20

25

30

35

40

45

50

55

42

8

25

1 1

General Business LoanFirst-Time Entrepreneur LoanYouth Loan

$0.6 | 16%

$0.6 | 16%

$2.4 | 68%

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The number of businesses who received financial assistance over the past five years

Jobs created and maintained in the community over the last five years

0

10

20

30

40

50

60

70

80

90

New Start-Up Existing businesses Total businesses

Num

ber

of b

usin

esse

s

2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

7367

27

40

59

22

3728 30

58

35 38

82

35

47

Num

ber

of jo

bs

2018-20192017-20182016-20172015-20162014-2015

Jobs created

Jobs maintained

Total

157 139 83 86 82

425 363 216 174 152

582 502 299 260 234

0

100

200

300

400

500

600

700

The number of new businesses has increased by 25%, an upward trend observed

over the last 2 years.

New job creation has been fairly stable over the last 3 years.

Business Management Skills TrainingTailored skills training in special areas such as market development, bookkeeping, feasibility studies, funding sources and business analysis.

Consulting Advisory ServicesAssistance provided through an external counselling agent in various fields of expertise to improve business performance. A certain financial contribution is requested from client.

Business CounsellingBusiness counselling in the form of advice to new and established entrepreneurs.

Self-Employment Benefit ProgramAllows participants to continue to receive their Employment Insurance Benefits while they are getting their business up and running. Also offers a weekly allowance for the business start-up if the person has received Employment Insurance Benefits over the past few years (according to the existing policy).

Clean Technology InitiativeLoan or advisory services ideas for a clean technology process, and products or services that reduce negative environmental impacts.

General Business LoanBusiness is booming and you need funding for an expansion of your existing premises or have to construct a new building. Perhaps it’s time to purchase new equipment and additional materials in order to fulfill increased customer demand for your product. This more flexible loan can even facilitate the acquisition of an existing business.

First-Time Entrepreneur LoanOffers counselling services for individuals who wish to become a self-sufficient and profitable business owner. This is the perfect loan to put your plans into action.

Youth LoanProvides start-up capital for youth between the ages of 18 to 34 who experience difficulty obtaining necessary financing.

Social Enterprise LoanTailored to social enterprises operating in rural communities where people are able to live, work and enjoy social activities in their region.

Innovation LoanHelps promote the development of the knowledgebase economy and aids in the adoption or commercialization of new technologies.

Contact Us

For more information on the programs offered by your CBDC, contact us or visit the following link:

A variety of products and services for the success of our entrepreneurs

Atlantic Association of CBDCs / NB CBDC

Atlantic Association of CBDCs / NB CBDC

www.cbdckent.ca

506.743.2422

190 Irving Blvd., Bouctouche, NB E4S 3L7