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WEYBURN AREA SBA RECOGNIZED FOR 56 JOBS CREATED

Released on April 16, 1999

Highways and Transportation Minister Judy Bradley, on behalf of

Economic and Co-operative Development Minister Janice MacKinnon, today

recognized the Soo-Line Small Business Loans Co-operative for its job

creation record through the Small Business Loans Association (SBLA)

program.



The co-operative has created 23 full-time jobs and 33 part-time 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.



Bradley presented a job creation certificate, on behalf of McKinnon,

to Pearcy Kew, the co-operative's chairperson.



"I am very pleased to honour the So-Line Small Business Loans

Co-operative for its efforts," Bradley said. "SBLAs are an integral

part of the province's focus on investing at the local level, working

with people to create opportunities and jobs in their own

communities."



Examples of local businesses assisted by SBLA loans include a grocery

store, home improvement businesses and a welding operation.



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 initiatives of the So-Line Small Business

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

co-operation government and communities working together to

achieve a common goal," Bradley said. "By working in

partnership, the SBLAs are helping rural businesses grow

building our economy, creating employment, and keeping our

communities viable."



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For more information contact:



Bob Ellis

Economic and Co-operative Development

Regina

Phone: (306) 787-1691

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