Minister Ng highlights budget investments to support small businesses
st. CATHARINES, ON, April 6, 2023 /CNW/ – Today, the Honorable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, concluded her tour in the York and Niagara regions, where she highlighted Budget 2023’s investments to support small businesses.
Budget 2023 is focused on making life more affordable, building a strong and resilient health care system, and investing in a green and sustainable future for Canada.
Minister Ng kicked off his tour by meeting with TROES Corp., a clean technology business in Markham that develops commercial and industrial-level battery energy storage systems. She spoke about the…
Stop tech hopping: How to select the right tech to sustainably run your business
How often have you seen a new tech platform that can help you grow your business or streamline your systems, and feel that twinge of excitement?
Okay, sometimes it can come with a touch of overwhelm too. But how many times have you wanted to abandon ship from your current CRM, course platform, or funnel builder for something new that looks better in some way? Sometimes it has more features, sometimes it looks more elegant, and sometimes it comes down to investment levels — but in working with more business owners than I can count, most entrepreneurs are ready to…
Small businesses at greatest risk during historic rise in cybercrime
Cybercrime and fraud cost Canadian companies more than $500-million in 2022
Cybercrimes against businesses are on the rise, and some of Canada’s smallest companies are the biggest targets.
As businesses moved online at the start of the pandemic, they found themselves holding onto more sensitive customer, employee and corporate data—and criminals took notice, leading to an historic rise in cybercrime. According to a recent study conducted by Mastercard, there has been a 600-per-cent rise in cybercrime and a 238-per-cent increase in cyberattacks since the pandemic.
While larger organizations typically have strong security protocols and internal cybercrime prevention teams, small businesses…
SBA Lifting Moratorium on Licensing Lending Companies
Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans.
Effective May 12, the agency is lifting the moratorium on licensing new Small Business Lending Companies (SBLCs), adding a new type of lending entity called a Community Advantage SBLC and removing the requirement for a loan authorization in the 7(a) and 504 loan programs, according to a final rule published Wednesday (April 12) in the Federal Register.
The 7(a) loan program provides SBA-guaranteed loans to small businesses.
The number of SBLC licenses has remained unchanged at 14 since 1982, so the only way for a new…
Hiring Plans for US Small Businesses Fall to Lowest Since 2020
(Bloomberg) — The share of US small-business owners who plan to add workers in coming months slipped in March to the lowest since May 2020, suggesting both some hiring success but also a softening in labor demand.
Some 15% of firms said they plan to create jobs in the next three months, down two percentage points from February, according to data out Thursday from the National Federation of Independent Business. A net 43% reported vacancies they could not fill, down from 47% in the prior month.
The report said, however, that small-business owners have reported some hiring success in the…
A Freelancer of a Certain Age
Freelancing is traditionally a young person’s game. It takes a certain amount of bravado and a devil-may-care attitude to throw caution to the wind and strike out on your own as a freelancer. No steady paychecks, clients that may come and go (if you have any clients at all), and your success is entirely dependent on your own personal marketing prowess. That’s difficult to do when you’re near retirement age, and you’ve spent your whole working life in the traditional employee/manager environment.
That is precisely the cliff I dove off of head-first last year. At the age of 55, I…
Federal Small Business Minister touring Niagara-on-the-Lake and St. Catharines
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Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, will visit small businesses in Niagara-on-the-Lake and St. Catharines today to talk about federal budget investments for small businesses.
The federal Minister responsible for small businesses will be touring both Niagara-on-the-Lake and St. Catharines today (April 6) to highlight federal budget investments.
Markham-Thornhill MP Mary Ng, also the federal Minister of International Trade, Export Promotion, Small Business and Economic Development, will start her day at Ravine Vineyard Estate Winery in Niagara-on-the-Lake at 12:30 pm before shifting down the highway for some…
