CYBF Applauds Youth Entrepreneurship Funding in Canada
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9 May 2013

The Canadian Youth Business Foundation (CYBF), the host of GEW / Canada, recently applauded the announcement a two-year, $295 million Youth Jobs Strategy to create 30,000 new jobs as part of the Ontario government's new budget. Included in the package is $45 million earmarked for a Youth Entrepreneurship Fund.   

"CYBF is delighted that the Ontario government is affirming and deepening its commitment to help young entrepreneurs create businesses and jobs in their communities," said Julia Deans, CYBF's Chief Executive Officer. "The new Youth Jobs Strategy also strengthens the connections between entrepreneurship, innovation and training, which will further benefit young entrepreneurs and Ontario's economy."

The GEW host organization helps emerging entrepreneurs pursue their dreams of entrepreneurship and create, build and sustain their own businesses. To date, CYBF has invested in 5,600 entrepreneurs across Canada, helping create more than 22,100 jobs and $157 million in tax revenue. It has led GEW/Canada since 2009 when it was recognized as the best national campaign among more than 100 countries.

"We look forward to working with the Ontario government, our partners and others to continue to promote youth entrepreneurship and to help more young entrepreneurs succeed with financing, mentoring and business coaching," said Deans.