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VIBANK GROUP HELPS CREATE JOBS

Released on July 28, 1999

Vibank-area businesses have created 44 jobs and maintained another

four more jobs, thanks to the work of the Vibank Small Business Loans

Co-operative. Now they've got a certificate to acknowledge it.



Environment and Resource Management Minister Lorne Scott was in Vibank

today to honour the co-operative for its job creation record through

the province's Small Business Loans Association (SBLA) program.



"The job creation successes of the Vibank Small Business Loans Co-operative illustrate what can be accomplished when the government and

communities work in partnership," Scott said, speaking on behalf of

Economic and Co-operative Development Minister Janice MacKinnon.



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 13,600.



Under the 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.



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For more information, contact:



Bob Ellis

Economic and Co-operative Development

Regina

Phone: (306) 787-1691

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