ee Page A6 - The Terrace Standard, Wednesday, March 17, 1993 _BUSIN SS REVIEW een ae tea Te ee seta a Welcome. Canada ty ‘Bienvenue Canada raph. Games backers SIGN SPREADS word of Canada’s Post sponsership of the 1993 Canada Games this August | in Kamloops. You'll be seeing the games logo on various Canada Post vehicles around town. That's letter carrier Patti Allan and Canada Post superintendent Dale Walker in the photog- Fed business centre keeps rolling along TERRACE A federally- financed business loans onganiza- tion here has put $10,258 million into the-regional economy since it opened more than three years ago. Of that amount, $1.11 million came from the business develop- ment centre of 16-37 Community Futures. The rest. on of other government, nancy, a - private _monies and ‘owner’ 3 investment, : said centre manager Joc Whitney. An important part of the pro- gram is helping people on unem- ployment- insurance or social as- sistance — begin their own businesses. That help has amounted to $1.7 million, “Our goal is to assist businesses who need help so they can create employment and who then have the means to look after their own destinies,’’ sald Wait. ney. The centre’s own loan pool is made up of federal money and that which itself has generated through interest payments or fees for service, —. The federal loan pool i to amount to $1.55 million over five years and to . date stands | at $675,000. . Altogether the. centre helped create 214 businesses and maintained 53 more, The number of jobs totalled 541 full tinic and 248 part time. And that’s made: for a busy time at the centre, said Whitney, which Joe Whitney this year faced a $20,000 cut in» its annual federal operating sub- sidy of $150,000. It affects the service we can bring to the area,’’ said Whitney. “Every dollar returned from loans goes to the investment side of the ledger. We don’t use it for any operating.’” .- . ‘We belicve if that the dollar is derived from an area, it should go back to the arca,” he said. In addition to loaning or finding: -money for businesses, it acts as an institution of last resort. That does increase the risk of investment; said Whitney, but there have been only five busi- ness defaults, in the past 14 months, That’s three more than the year previous. - “Right tow, three out of 87 ac- tive accounts are in artears over 30 days. That’s less than three per cent of the total and that’s accept- able,’’ he added, _ The centre Lost only $20,000 in the defaults because it first gets as much security as possible before loaning money. The centre is one of 31 in the province and covers Terrace, Kitimat, the Hazeltons, -Moricetown and up to. Stewart,... Creek and Iskut , Approximately two- thirds of its client files are based in Terrace. “Th addition to loaning money or finding money for businesses from private or goverment sources, the centre also — at no charge — does business plans. That, said Whitney, assists businesses and lending institu- tions in providing the right kind of information as ¢arly as pos- sible. Its loans are made at two per cent over prime. Whitney said the centre has noticed. an. increase in people moving into the area interested in starting businesses and trend toward the service sector. ‘What you are going to find is a more self sufficient area with more and more services being provided. here instead of some- place else,”’ he said. Retail enterprises make up 27 per cent of the dollar value of the centre’s loan portfolio followed by value-added forestry at 20 per cent and food services at nine per cent, TERRACE — Murray Young ended 30 years of involvement with the Co-op movement yester- day by retiring from his position as general manager of Terrace Co-op. , He’s been here two years and will be’ living in. Leroy, Sas- katchewan. = Young worked. for Canada . Safeway for 13 years ‘before tak- ing a travelling job with Feder- ated Co-ops. His first store. was in Yorkton, Saskatchewan and his last store, before coming to. Terrace, was in Flin Flon, Manitoba. There's been.no word yet ona new manager, ok kok * The new manager at .Wool- worths is a hometown product. -George . Medeiros graduated from Caledonia Secondary school and took his first job at the outlet here in:1983. - Since then he’ rs been in Vane ; couver twice, Victoria, Nelson and most recently, nearly two years in Prince Rupert. _ “It’s a promotion — moving up the ladder,”’ said Medelros of the - outlet which employs more than 50 full and part time workers. : fet ake. Nominations close, April 15 for. this year’s Terrace and ‘District *» Eskay Creeks” Chamber: of Commerce’s. Busi- Our AND ABOU 7 ness Executive of the Year. . The award is given annually to the person or persons who might eight criteria of business success and community involvement, It'll. be given June 26 at the chamber’s annual banquet. This’ll be the eighth year for the: award. Last year’s winner was Canada Safeway manager Eric Johanson. - tok kkk The president of a mining com- pany with extensive interests in the northwest’ has been named to a provincial government advisory . body. Jack Thompson of Homestake Canada Lid. is one.of 15 public . and private sector people sitting on the new B.C. Investment OF fice investrient advisory _ com- mittee. The committee ig to help pro- mote and give advice on investt- ng in the province. Homestake owns the Golden Bear mine neat Dease Lake, owns a piece of the Snip mine in the Is- _ wut Valley “and: is working on - plans to develop a gold mine: at kkkkne Local resident Heather Prisk has completed a diamonds course with the Gemological Institute of America in Santa Monica, Cali- fornia. , The course required her to learn a Wide variety of information and skills fromi geology and mineral- ogy to world diamond market conditions and fashion, tek te kok | The Prince Rupert Port Corpo- ration recorded’ its. second’ best year of tonnage handled in 1992. The figure of 13.37 million tonnes came within 36,700 tonnes of 1987, the best year. A federal crown corporation, ‘the port increased shipments of specially: grain products in 1992 ‘and ‘began handling petroleum coke for the first time. wk kkk ‘Alcan’s Kilimat smelter spent $24.3 million in the ‘northwest fast year, That (was. approximately one- ‘third-of the amount it spent in . buying goods and services... - Building starts deceptive Frost dam warning TERRACE — Housing starts may be off to a slow start this year, but permits director Bob Lafleur says that won’t last long. Figures to the end of February show only six permits have been issued for new single family homes, compared to 14 last year, The value of permits is also dragging its heels at less than $1 million against nearly $2.5 mil- lion at the same point in 1992. Lafleur said the only real dif ference between the two years is the weather. ‘There was no frost last year so people got heavy into building early,’’ he pointed out, Last month’s cold snap and continuing chilly weather ‘meant the frost was still a couple of feet into the ground, Because it was unwise to try and put in underground services such as water lines in such condi- tions, Lafleur said builders were holding off for the moment. ‘Once the frost dam broke, how- ever, he expected to be flooded with permit requests. , Bob Lafleur With 28 house plans having been submitted to his department and ** a lot of the better builders already fully booked,”’? Lafleur was “absolutely positive’? 80 new homes would be built this year, And he forecast that figure could top the 100 mark with the same number of multi-residential units being built. 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