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What is CBDC?

As CBDCs, we assist in the creation of small businesses and Startups, and in the expansion and modernization of existing businesses by providing financial and technical services to entrepreneurs.

Financial assistance is available in the form of loans, loan guarantees and equity financing to existing and aspiring entrepreneurs and startups.
Business counselling, help & advice is available to small businesses and startups. We help businesses to succeed and therefore we give high priority to the advisory role of our mandate.
Entrepreneurship development and training to individuals and small business owners/managers is available in many of our offices.
Technical assistance usually takes the form of guidance and coaching, and sometimes advocating on behalf of our clients to other lending establishments or regulatory agencies.

TYPICALLY, OUR SERVICES ARE TARGETED TO ENTREPRENEURS WHO REQUIRE CUSTOMIZED FINANCING NOT NORMALLY AVAILABLE FROM TRADITIONAL SOURCES.

We are not-for-profit community-based organizations run by volunteers from the local business community who firmly believe in improving the economic viability of their communities.

OUR VOLUNTEER BOARD
Investment decisions are made by an independent Board of Directors sensitive to the needs of its community. The directors are volunteers from the business sector dedicated to helping make their community a better place in which to live and work.

The strength of the CBDCs is in our volunteer boards. They have an intimate knowledge of the local markets, the business environment and the people in their communities.

CBDC Digby-Clare

In Nova Scotia, there are 13 CBDCs offering financial, training and advisory services to entrepreneurs. The CBDCs work collectively through the Nova Scotia Association of CBDCs, an umbrella organization that supports the common needs of the CBDCs. CBDCs share best practices promote entrepreneurship and deliver provincial initiatives such as Students in Business and the Youth Internship Program.

CORPORATE PHILOSOPHY

GROWTH OPPORTUNITIES LIMITED’s, Digby-Clare CBDC, philosophy is predicated on the fact that its raison d’etre is the creation of employment through judicious investment in businesses in the region. The tenet is that all things are considered, weighed, decided and acted upon with the decision being dependent on whether a sound, viable enterprise that will create employment will result. In this context, it is imperative that all applications made to GROWTH OPPORTUNITIES LIMITED, Digby-Clare CBDC be entertained on an equal basis, be evaluated on an equal basis and be considered for approval by the Investment Committee or the Board of Directors on a strictly factual basis, with job creation being the primary criterion.
GROWTH OPPORTUNITES LIMITED, Digby-Clare CBDC its Directors officers and employees will adhere to the highest standards of confidentiality when dealing with client affairs and will pursue a policy of “need to know” with information supplied to it.

GROWTH OPPORTUNITIES LIMITED, Digby-Clare CBDC, will treat all with whom it deals or employs without prejudice in respect of sex, age, colour, creed, ethnic origin or religious affiliation.

Mission

The Mission of Digby-Clare CBDC is stated as:

“To provide innovative financial assistance, business training and counseling to aspiring entrepreneurs and existing businesses in Digby-Clare for the purpose of stimulating the local economy”.

Corporate objectives are stated to increase the number of permanent jobs in the region. This stated objective is to be accomplished by:

•   Investment in local businesses by means of loans or loan guarantees or equity participation;
•   Providing support for businesses through advice, training and planning aids;
•   Working with local sources to create new businesses;
•   Fostering and developing local management capabilities;
•   Training and education to enable potential job creators to establish and maintain viable businesses;
•   Working with all sectors of the community to create an infrastructure that will support increased economic loads and more employment.

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