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HARRIS AREA SBLA RECOGNIZED FOR 33 JOBS CREATED

Released on April 16, 1999

Intergovernmental and Aboriginal Affairs Minister Berny Wiens, on

behalf of Economic and Co-operative Development Minister Janice

MacKinnon, today recognized the Eagle Creek Regional Development

Co-operative for its job creation record through the Small Business

Loans Association (SBLA) program.



The co-operative has created 33 jobs. 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.



Wiens presented a job creation certificate, on behalf of MacKinnon, to

Norman McFarlane, the co-operative's chairperson.



"I am very pleased to be able to honour the Eagle Creek Regional

Development Co-operative for its efforts," Wiens said. "SBLAs are an

essential part of the province's focus on investing at the community

level, working with people to create opportunities and jobs in their

own area."



Examples of local businesses assisted by SBLA loans include hair

salons, grocery stores and home improvement operations.



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 Eagle Creek Regional Development

Co-operative are a great example of the Saskatchewan spirit of

co-operation government and communities working in partnership

to achieve a common goal," Wiens said. "The growth that is

spurred by SBLAs plays an important role in building our rural

economy, creating employment, and keeping our province healthy

and strong."



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For more information, contact:



Bob Ellis

Economic and Co-operative Development

Regina

Phone: (306) 787-1691

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