WESTERN ECONOMIC DIVERSIFICATION CANADA INVESTS IN ENTREPRENEURSHIP SKILLS FOR B.C.’S YOUTH

VANCOUVER, B.C. – In recognition of the important role young people can play in strengthening the B.C. economy, Western Economic Diversification Canada is providing $167,721 for four initiatives that will develop and train young entrepreneurs in British Columbia.

“The future of B.C.’s economy is dependent on the ideas, passion and leadership of its youth,” said the Honourable Stephen Owen, Minister of Western Economic Diversification and Minister of State (Sport). “These initiatives will support the development of young entrepreneurs and assist British Columbia’s business sector in reaching its dynamic potential.”

Funding includes $75,000 to Junior Achievement of B.C., to develop and deliver entrepreneurship programs in northern B.C. schools; $62,500 to establish the Centre for Entrepreneurship and Education Development of British Columbia in a Central Okanagan school district; $15,221 for an art project in the City of Vancouver through the Street Art Works Mentorship Society; and $15,000 to the Vancouver Board of Trade’s Leaders of Tomorrow program to build and pilot an intranet site to improve communication and offer training.

Western Economic Diversification Canada is the federal department mandated to support economic diversification in communities across Western Canada through activities that advance Innovation, Entrepreneurship, and Sustainable Communities. Federal funding for these initiatives was provided for in the February 2005 federal Budget.