Future of Small Business Centre in Question
The future of the Cape Breton Small Business Development Centre is in doubt.
The Atlantic Canada Opportunities Agency and Enterprise Cape Breton Corp. took over the contract for the Centre from Cape Breton University, last March.
The funding arrangement provided $487,000 in operating expenditures from June to the end of this fiscal year on March 31.
Centre CEO Eileen Lannon Oldford says the centre proposed a three-year program with ACOA and ECBC.
However, the centre has only been granted an extension of its contract by three months, meaning it could close by the end of June.
Lannon Oldford told Cape Breton Regional Council at yesterday’s meeting she doesn’t know why they were only granted a three-month extension.
Oldford adds the centre is projected to have helped establish 23 businesses and create 66 jobs by the end of this month.