THUNDER BAY – June 10, 2021: Thunder Bay Ventures (TBV) is supporting dozens of local businesses through COVID relief loans and other business development projects. TBV fosters community development through innovation, modernization, diversification, and inclusion. The support they have provided local businesses has had a profound positive impact in helping businesses survive and thrive throughout the shutdowns.
Through the Regional Relief and Recovery Fund (RRRF), TBV is disbursing another $1,269,177 to local small business. The RRRF is designed to catch small businesses that did not qualify for the Canada Emergency Business Account (CEBA). To date, through the RRRF program, TBV has supported 83 small businesses with a disbursed total of $3,443,030.
TBV has also partnered with Dougall Media to provide 32 local businesses an opportunity to showcase their business in the "Thunder Bay, Moving Forward” initiative. This campaign gives small business the opportunity to advertise their business to the local community. The advertisements are featured on television – Global Thunder Bay and CKPR Thunder Bay – as well as online at tbnewswatch.com.
TBV has also partnered with Lakehead University’s Faculty of Law to bring Thunder Bay entrepreneurs a panel discussion on legal issues facing business owners. The panel discussion featured lawyers informing and answering audience questions on topics such as employment contracts and COVID workplace health and safety.
One of 24 Community Futures Development Corporations in Northern Ontario, Thunder Bay Ventures assists entrepreneurs in a number of areas including community planning, economic development and diversification; business information, counselling and advisory services; and access to capital for small businesses and social enterprises.
Thunder Bay Ventures along with its funder, FedNor, is proud to support small business in Thunder Bay. For more information on small business support availability, visit TBV’s Facebook, LinkedIn, and Twitter @TBayVentures, or phone TBV at 807-768-6650.