News Release Archive

  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
  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.
  Contact: Linda Laffin  902-424-6810
           Brian Watson  902-424-2720
  trp                    Feb. 07, 1996 - 12:00 p.m.