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SWIFT CURRENT SBLAs RECOGNIZED FOR 83 JOBS CREATED

Released on April 9, 1999

Swift Current MLA John Wall, on behalf of Economic and Co-operative

Development Minister Janice MacKinnon, today recognized the Southwest

Community Futures Development Corporation and Southwest Regional

Economic Development Authority (REDA) for their job creation efforts

through the Small Business Loans Association (SBLA) program.



The two organizations have helped create 83 jobs and maintain an

additional 30 in the area.



"I am pleased to be able to honour these two community-based

organizations in this way," Wall said. "SBLAs are an essential part

of the province's focus on working with communities to create

opportunities and jobs for Saskatchewan people."



Examples of Swift Current businesses assisted by SBLA loans include a

First Nations clothing and accessories fabricator, an outfitter, and a

security and investigation firm.



On behalf of Minister MacKinnon, Wall presented certificates to

Shirley Garrett, chairperson of the Southwest Community Futures

Development Corporation, which has created or sustained 67 jobs; and

to Corney Martens, chairperson of the Southwest REDA, which has

created or sustained 46 jobs.



Under the SBLA program, the government provides funding to local

SBLA organizations. In turn, SBLAs provide loans to businesses

that have experienced difficulty accessing financing through

traditional means.



Improvements to the program announced in the new provincial

budget include an increase in each SBLA's interest-free revolving

line of credit from $50,000 to $100,000. As well, an SBLA can

now make loans to a maximum of $10,000, up from $5,000.



"The job creation efforts of the Southwest Community Futures

Development Corporation and the Southwest REDA are examples of

what can be accomplished when the government and communities work

together," Wall said. "The growth initiated by the SBLAs plays

an integral role in building our rural economy, creating jobs and

keeping our society healthy and strong."



During 1998, small businesses supported by the SBLA program

created more than 360 jobs and maintained over 565 more, mostly

in rural communities. This brought the total number of jobs

created and maintained since the program began to almost 12,800.



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For more information, contact:



Bob Ellis

Economic and Co-operative Development

Regina

Phone: (306) 787-1691

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