News Release Archive
ECONOMIC RENEWAL--TEN STUDENTS RECEIVE YES AWARDS
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Ten Nova Scotia students who started their own businesses
last summer are earning recognition as well as profits
through the Youth Entrepreneurial Skills Program (YES).
While announcing details for the 1996 program today, Human
Resources Minister Jay Abbass, on behalf of Economic Renewal
Minister Robbie Harrison, also presented 10 young
entrepreneurs with awards for their successful summer
enterprises, achieved with loans from ERA's YES program.
The fourth annual YES Awards of Merit go to:
Metro Region: Coburg Consultant's Ltd., Dalhousie MBA
students offering business consulting services, Cheryl
Ferguson, Christine Sutton, Michael Garlock, John Knotek,
Gregory Kerr, Alex Scholten;
Valley Region: Chris' Dance Express, disk jockey, Chris
Cornwell, Auburn;
Northeastern Region: Bee My Honey, purchased/packaged local
honey, Anne Kathleen Phillips, Debert;
Southwestern Region: Jeremy Crowell's Farm Market, roadside
fruit and vegetable stand, Jeremy Crowell, West Pubnico;
Cape Breton Region: The Lobster Trap Gift Shop,
handcraft/souvenir outlet in Louisbourg, Dennis Philip
Khattar, Sydney.
The program provides loan guarantees for students aged 16-29
to start and own their own business. The loans average about
$2,000, but students with high cash requirements and top
quality business plans may be eligible for a loan guarantee
of up to $5,000.
"Congratulations are due to these 10 exceptional student
business owners, but also to the 100 participants in the YES
program," Mr. Abbass said. About $200,000 in loans were
guaranteed by the province through the Royal Bank last year.
The YES program encourages students to think about
entrepreneurship as a career option while giving them an
opportunity to operate their own business between school
terms.
Mr. Abbass said, "These young men and women represent Nova
Scotia's economic future. These students and many more just
like them, are the entrepreneurs that will help shape
regional economies and build a strong sense of community
economic development throughout the province," he said.
To assist students with the fundamentals of operating a
business, training and mentoring programs are offered from
the Economic Renewal Agency through Junior Achievement and
private consultants.
Application deadline for applying for a YES loan is May 30,
1996. Applications can be picked up at any of ERA's Business
Service Centres, or by calling 1-902-565-2009.
-30-
Contact: Linda Laffin 902-424-6810
Brian Watson 902-424-2720
trp Feb. 07, 1996 - 12:00 p.m.
