CBDC Péninsule acadienne - Annual Report 2022-23

From left to right: Anne Jean, Secretary-Receptionist, Joanne-Alice Breau, SEB Coordinator, Frédérick McGraw, Executive Director, Annette Landry, Administrative Assistant, Eric Robichaud, Business Account Manager, and Annie-Claude Dugas, Development Officer

The Impact of CBDC Péninsule acadienne: Five Facts to Share CBDC Péninsule acadienne builds local expertise to develop more wealth in the community and to ensure better resource allocation. Its major decisions are facilitated by the volunteer work of its Board of Directors, whose members are business and community leaders.

Creating Local Jobs: In the past fiscal year,

Fostering Cooperation and Solidarity: CBDC

CBDC Péninsule acadienne helped to create

Péninsule acadienne’s impact extends to

and maintain 214 jobs. Supporting small

consultations

business

community

organizations.

economy through the creation of jobs that

Péninsule

acadienne

meet the needs of the CBDC Péninsule

Commission,

acadienne.

municipal entities, the CBDC is offering its

serves

to

stimulate

the

local

with

which

a

broad

array

of

Alongside

the

Regional includes

Service

eight

new

expertise via its position on one of the Maintaining Rural Populations: The CBDC

advisory committee roundtables.

CBDC PÉNINSULE ACADIENNE

ANNUAL REPORT 2022-23

has noted a marked increase in immigration

1

to the Péninsule acadienne, with a positive

Improving Living Standards: The CBDC

impact on small businesses. Efforts are being

exerts a positive influence on organizations

made to retain newcomers by connecting

with a direct impact on the region’s economic

them with a variety of associations and other

well-being. In the past fiscal year, two loans

institutions,

de

were approved for non-profit organizations.

Moncton, Shippagan campus, with a view to

The flexibility of the terms helps to improve

increasing participation in business banquets,

living standards, especially when community

networking events, etc.

projects

such

as

the

Université

are

approved

for

which

loan

guarantees may be more restrictive. NPOs Leveraging Local Resources: In the fall of

also received funding to access Consultant

2022, the CBDC relaunched the local youth

Advisory Services involving a wide range of

business network (RJAPA). Partnerships are

projects (governance improvements, business

being forged with business and community

expansion, marketing and human resources).

organizations (please refer to page 6) to boost involvement in activities aiming to promote youth entrepreneurship.

For fiscal year 2022-2023, three lines of business took

the

attention

in

the

CBDC

Péninsule

acadienne region Tourism: bike path project to link the main territories of the Acadian peninsula, which could increase accommodation, service, restaurant or boutique projects.

Fisheries: importance of lobster and oysters with, among other things, processing.

Entrepreneurial succession: challenge to help entrepreneurs who wish to retire to pass on their business to new potential buyers.

Investment in the region for the year 2022-2023 Training sessions

Applications received

68

Number of sessions

74

Applications approved

58

Amount granted

$33,173

Amount invested

$4,719,905

New start-up

16

Existing businesses

33

Total

49

Impact on employment Jobs created

27

Jobs maintained

187

Total

214

Number of clients

232

Self-Employment Benefit Applications approved

23

Value of assistance

$392,256

Consultant Advisory Services Number of clients

9

Amount granted

$84,842

ANNUAL REPORT 2022-23

Impact on businesses

Number of business counselling sessions

CBDC PÉNINSULE ACADIENNE

Request processed

2

Building strong entrepreneurial leverage in the Péninsule acadienne region Total value of assistance from the CBDC and financial leverage over the past five years Total value of assistance

Still in a recovery context, the CBDC Péninsule acadienne shows a record year with a 27% increase in leverage and 62% in amounts disbursed for regular loan programs.

10 $

0,9 $ $7.5

5$

0$

ANNUAL REPORT 2022-23 CBDC PÉNINSULE ACADIENNE 3

$5.9

$3.1

$1.4

$4.7

$0.2

$3.8

$3.3

2018-19

2019-20

Number of applications approved for each CBDC loan product 30

Financial Leverage

15 $

$2.2 2020-21

$2.9 2021-22

2022-23

Breakdown of amounts disbursed per loan product (in millions of dollars) 5.5% $260,072

1.7% $79,885

28

15.6% $734,453

20.1% $948,665

20

18

10

9

2 0

General Business Loan

First-Time Entrepreneur Loan

Youth Loan

Social Enterprise Loan

57.1% $2,696,831

1 Innovation Loan

General Business Loan

Youth Loan

Social Enterprise Loan

Innovation Loan

First-Time Entrepreneur Loan

The total amounts invested can be explained, among other things, by larger loans during the last fiscal year with a 3% increase in the average size of regular loans.

The number of businesses who received financial assistance over the past five years New Start-Up

Existing Businesses

Total Businesses

75

62

59 49

50

42 33

33

29

33

26

25

22 10

0

2018-19

2019-20

19

23 16

12

2020-21

2021-22

2022-23

A 17% increase in the number of loans that were disbursed in the last fiscal year compared to the previous year.

Jobs created and maintained in the community over the last five years Jobs Created

Jobs Maintained

The impact of CBDC Péninsule acadienne loan programs on employment remains an important factor in the region's economic vitality.

ANNUAL REPORT 2022-23

200

150

100

0

2018-19

2019-20

2020-21

2021-22

2022-23

Jobs Created

54

46

37

46

27

Jobs Maintained

110

136

56

186

187

Total

164

182

93

232

214

CBDC PÉNINSULE ACADIENNE

50

4

Message from the President

Message from the Executive Director CBDC

Reco r d - b r eaking loans volume as w e m a r k o u r 35th a n n i versary!

I am f i n i s h ing up my first year as Pres i d e n t o f C B D C Péni n s u l e acadienne. I am privileged to h o l d s u c h a posi t i o n w ithin an organization that p l a y s s u c h a n impo r t a n t part in regional economic d e v e l o p m e n t and t h a t is now celebrating its m i l e s t o n e 3 5 t h anni v e r s a ry. Over the years, the C B D C h a s unde r g o ne remarkable growth, not onl y i n t e r m s o f prog r a m a nd service delivery, but also i n l i g h t o f i t s pivo t a l c ommunity development role.

As w e l a u nch a special celebration to m a r k C B D C Péni n s u l e acadienne’s accomplishmen t s o v e r t h e past 3 5 y ears, the CBDC continues to h a v e a m a j o r impa c t o n regional economic develop m e n t . W e a r e prou d t o have such a wide range o f c o m p a n i e s oper a t i n g in the region, together wit h a g r o u p o f entr e p r e n eurs who continue to work h a r d i n t h e i r ques t f o r success. That reality provi d e s u s w i t h even m o re motivation, as evidenced by o u r r e c o r d brea k i n g achievement over the pas t y e a r : w e disb u r s e d more than $4.7 million i n c o m m e r c i a l loan s . O v er the past 35 years, a total o f 1 , 8 0 0 l o a n s have b e en disbursed, totalling $84.6 m i l l i o n , n o t incl u d i n g various financial aid progra m s r o l l e d o u t duri n g t h e pandemic.

Cele b r a t i ng the 35th Acad i a n P eninsula!

anniversar y

of

CBDC Péninsule acadienne take s pride in supp o r t i n g local entrepreneurs and m e e t i n g t h e i r need s , whether they are start-ups, a c q u i r i n g a comp a n y or mainta ining/expanding th e i r b u s i n e s s .

We a r e always rea dy, willing, and abl e t o p r o v i d e fina n c i a l and technical assistance, jus t a s w e h a v e for t h e p ast 35 years.

It i s w orth notin g that this past y e a r , C B D C Péni n s u l e acadienne boasted a rec o r d - b r e a k i n g loan p o r t f olio, totalling $17 million. T w o t h i n g s a r e clea r : t h e CBDC has very deep roots an d p l a y s a k e y role i n o ur community.

Our a c c o m plishments are made possib l e t h a n k s n o t only t o our magn ificent team but a l s o t o t h e lead e r s h i p of our Executive Direct o r , F r é d é r i c k McGr a w , who enco urages our staff t o r e a c h n e w heig h t s o f excellence each and every da y .

CBDC PÉNINSULE ACADIENNE

ANNUAL REPORT 2022-23

We a r e privileged to count on a vol u n t e e r B o a r d whos e m embers are committed to regional econ o m i c development. Drawing on t h e i r s h a r e d visi o n , t h e y strive t o make decisions b a s e d o n t h a t prem i s e . Our Board members mak e i m p o r t a n t cont r i b u t ions, not least by donating bo t h t i m e a n d expe r t i s e to the CB DC, as well as to the c o m m u n i t y as a w h o le. We would like to extend o u r t h a n k s t o all t h e B oard members for their dedicat i o n .

5

I wou l d a lso like t o thank all the vo l u n t e e r s w h o have s e r ved on the Board over the pas t 3 5 y e a r s , a s well a s a ll the CBDC employees bo t h p a s t a n d pres e n t . Much eff ort has gone into b u i l d i n g t h e orga n i z a t ion since it was founded; it is t h a n k s t o a l l of y o u that CBDC Péninsule ac a d i e n n e h a s flou r i s h e d over the decades.

I am a l s o grateful to our partners fo r t h e i r l o n g stan d i n g support. T hey include the Atl a n t i c C a n a d a Oppo r t u nities Agency (ACOA), which h a s f u n d e d o u r oper a t i o n s from the outset, and Wo r k i n g N B , o n whos e b ehalf we have been deliver i n g t h e S e l f Empl o y m ent Benefit (SEB) program for t h e p a s t 3 4 year s . W e also appreciate the wide-ra n g i n g s u p p o r t prov i d e d by our other partners and co l l a b o r a t o r s .

In c l o s i n g , I would like to thank the C B D C ’ s c l i e n t s for p l a c i ng their tr ust in us. Our ongo i n g g o a l i s t o offe r t h e m the very best programs a n d s e r v i c e s .

Rest a s s ured that CBDC Péninsule a c a d i e n n e w i l l cont i n u e to fulfil its regional economic deve l o p ment role. Thanks to our solid p o s i t i o n , w e are su r e t o be serv ing you for many y e a r s t o c o m e —and I am certain that our shared f u t u r e w i l l b e equa l l y r emarkable.

Jacq u e s C hiasson, President

Unde r t h e Self-Emp loyment Benefit (S E B ) p r o g r a m , we h e l p ed 23 ent repreneurs with t h e i r b u s i n e s s star t - u p s over the past year. T r a i n i n g a n d cons u l t i n g were provided under a var i e t y o f o t h e r prog r a m s that ex ceeded all expect a t i o n s . T h i s amou n t e d to an $84,842 investmen t i n f e e s f o r spec i a l i z ed advisory services and c u t t i n g - e d g e busi n e s s management training. Local c o m p a n i e s a r e seek i n g b etter management tools wi t h a v i e w t o boos t i n g profitability and long-term vi a b i l i t y .

We a r e also deep ly involved in the c o m m u n i t y , back e d b y an array of initiatives. This p a s t y e a r , w e prou d l y l aunched t he Réseau des jeune s e n a f f a i r e s as ne t w o rking activ ities resumed. Afte r a t w o - y e a r hiat u s , t he annual awards banquet w a s h e l d t o reco g n i z e junior and female entrep r e n e u r s . I n addi t i o n , our annual golf tournamen t d r e w m o r e than 1 2 7 people, while our annual dr i v e b e n e f i t e d loca l f o o d banks.

I wo u l d l ike to thank the wonderful C B D C t e a m , whic h t a kes such go od care of our clien t s a n d w o r k s so h a r d t o help local businesses ea c h a n d e v e r y day. I a m also grateful to the members o f o u r B o a r d and i t s P resident, Jacques Chiasson. Yo u r v o l u n t e e r invo l v e m e nt is one of the keyways to e n s u r e g o o d gove r n a n c e and to contribute exper t i s e t o o u r orga n i z a t ion. Than ks as well to a l l t h e B o a r d memb e r s and emp loyees, both past a n d p r e s e n t .

You h a v e all playe d a major role in b u i l d i n g a n d grow i n g the organ ization over the pa s t 3 5 y e a r s .

Your c o n tributions and the benefits th e y b r i n g a r e impo r t a n t for the CBDC and for each c o m m u n i t y w e serv e .

Than k s to our partners, including t h e A t l a n t i c Cana d a Opportunit ies Agency (ACOA ) , W o r k i n g N B , the v a r i o us levels of government, reg i o n a l f i n a n c i a l inst i t u t i o n s and all our other p a r t n e r s a n d coll a b o r a tors. Your partnership is esse n t i a l !

In cl o s i n g , congratulations to all the e n t r e p r e n e u r s and S M E s in the re gion, particularly ou r c l i e n t s , f o r whom w e have im mense respect in l i g h t o f t h e i r ongo i n g efforts to achieve business s u c c e s s . C B D C Péni n s u l e acadienne has been hard at w o r k o v e r t h e past 3 5 years, supporting local com p a n i e s . R e s t assu r e d that we will do whatever w e c a n t o cont i n u e supportin g you in the years a n d d e c a d e s to c o m e .

Fréd é r i c k McGraw, Executive Directo r

Board of Directors

Jacques Chiasson, President

Jean-Eudes Duguay, Vice President

Jean-Marie Robichaud, Treasurer

Paulette Robert, Secretary

Bruno Holmes, Director

Carole McGrath, Director

Monik Noël, Director

Pierre Boudreau, Director

Nathalie Basque, Director

Patrick Noël, Director

Martin Noël, Director

Isabelle Paulin, Director

From left to right, Frédérick McGraw, Executive Director of the CBDC Péninsule acadienne, the winner Anne Sophie Mallet (Young Entrepreneur Award) and Jacques Chiasson, President of the CBDC Péninsule acadienne

From left to right, Frédérick McGraw, Executive Director of the CBDC Péninsule acadienne, the winner Yanetta Basque Thomas (Woman Entrepreneur Award) and Jacques Chiasson, President of the CBDC Péninsule acadienne.

CBDC PÉNINSULE ACADIENNE

The RJAPA makes it possible to create a calendar of events, which aims to introducing businesses owned by young entrepreneurs from the Péninsule acadienne and to have them participate in activities where they can discuss their challenges and various topics of interests. The events are open to the general population. Created by the CBDC Péninsule acadienne in partnership with the region's chambers of commerce, Phénomène and the RDÉE, the RJAPA has been organizing business activities since 2005, such as an annual golf tournament, happy hours, breakfast-talks, in addition to a Young Entrepreneur and Woman Entrepreneur of the Year Award banquet.

ANNUAL REPORT 2022-23

Réseau des jeunes en affaires de la Péninsule acadienne (RJAPA)

6

CBDC Programs and Services Who We Are

What We Do

CBDCs are not-for-profit organizations run by volunteers from the local business community who firmly believe in improving the economic viability of their region. There are 41 CBDC offices in Atlantic Canada dedicated to the development of small businesses and assisting entrepreneurs in accessing financing and other business training and resources.

Our objective is to help build stronger communities in Atlantic Canada by stimulating private sector employment in our rural areas.

CBDCs work throughout rural Atlantic Canda in the creation, expansion and modernization of small and mesium sized businesses.

What We Offer Entrepreneurs Self-Employment Benefit (SEB) Program*

Youth Loan Tailored solutions for young entrepreneurs aged from 18 to 34 that are interested in starting, expanding or modernizing their business.

Provides financial and coaching support to new entrepreneurs during the planning and start-up phase of their new business.

First-Time Entrepreneur Loan

Business Counselling

Targeted financing for the first-time entrepreneurs starting or purchasing their first business.

Business counselling in the form of advice to new and established entrepreneur.

General Business Loan

Consultant Advisory Services Available to small and medium-sized business, as well as non-for-profit organization, to access technical and financial assistance by engaging consultants to assist them in various topics.

Designed to assist entrepreneurs when traditional avenues of financing are not available, for either creating, purchasing or succession planning.

Innovation Loan

Skills Training

Assist in the development of the knowledgebased economy, the adaptation and commercialization of technology.

Tailored trainings in specialized areas such as marketing development, bookkeeping, feasibility studies and business analysis.

Social Enterprise Loan

*Please note: Programs and services delivered by CBDCs may vary by region.

Tailored financing designed to assist social enterprises.

*SEB is funded by the Government of Canada through the Canada-Provincial Governments Labor Market Agreements.

3620 Main Street, Tracadie-Sheila (NB) E1X 1C9

CBDC Péninsule acadienne

506.395.9700

www.cbdcpa.ca

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