Young entrepreneurs across Ontario to benefit from major investment

    Government Continues Effort To Encourage Entrepreneurial Spirit Across

    TORONTO, April 5 /CNW/ - The Ontario government is supporting young
Ontario entrepreneurs by providing $2.2 million to the Canadian Youth Business
Foundation (CYBF), Small Business and Entrepreneurship Minister Harinder
Takhar announced today.
    "An investment in our youth is an investment in Ontario's future," said
Takhar. "Our young people have the talent, energy and fresh ideas to make this
province grow and prosper."
    The announcement took place at The Helicopter Company, Toronto's only
downtown helicopter operation dedicated to tourism. The company is no stranger
to the foundation. Co-founders Julia Henderson and Kevin Smith received
critical funding and mentoring from the organization in 1999, and have been
flying tourists over the city's skyline ever since.
    Vivian Prokop, CEO of CYBF, says the funding provided by the Government
of Ontario will go a long way to ensuring more young entrepreneurs get their
businesses off the ground.
    "The next generation of entrepreneurs absolutely must succeed," says
Prokop. "Their success will be essential for Ontario to remain financially and
socially healthy, welcome new immigrants, and fill the gap as baby boomers
retire. The McGuinty Government has once again demonstrated their commitment
to our young entrepreneurs."
    This investment supports the foundation in its goal of preparing aspiring
entrepreneurs through mentoring, financing and resources which help young
Canadians create their own successful businesses.
    "Our government is making every effort to take proactive steps to boost
jobs and growth," Takhar said. "During this period of more moderate economic
growth, we are assisting initiatives that will stimulate economic activity and
increase the quality of life for all Ontarians."

    Disponible en français


For further information:

For further information: Leigh-Ann Popek, Minister's Office, (416)
326-1946; David Bauer, Communications and Public Affairs, (416) 325-6998

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