Canada announced a CAD$10m investment in young entrepreneurs. This “will enable the national charity to help more than 500 aspiring young entrepreneurs start new businesses and contribute quickly to Canada’s economic recovery. In total, by 2010, more than 900 entrepreneurs will start a business as a result of the government’s funding.

These 900 new businesses will create an estimated 5,000 new jobs, $135 million in sales revenue, $32 million in tax revenue, and enable more than 900 volunteer business mentors to share 46,000 hours of knowledge with young protégées.”

source: http://www.cybf.ca/media/press-releases/03-18-2009.htm

This post was submitted by Michael Lynch.