‘TERRACE STANDARD The Terrace Standard, Wednesday, April 6, 1994 - A7, Trim work INTERIOR WORK continues at the location for the city’s newest restaurant — a Subway franchise. It’s going in at the same building housing the Hawes optometry office on Lakalse Ave. That's Dennis Fremont of Tanner's Drywall- Ing making sure paint work is neat and trim. Banks need to change EXPECT MORE and more people to start their own businesses to mect a changing econamy, say two officials from the Federal Business Develop- ment Bank (FBDB). In town Jast week to open the federal crown corporation’s new offices here, John McNulty and John Taggart say the traditional pattern of people signing on with large corporations no longer fits the new economic reality. ‘SA lot more people, particular- ly young people, are finding their own employment,” said McNulty, the bank’s vice presi- dent and regional general man- ager for the B.C. and Yukon. “They are creating their own situations and that will continue with the Canadian economy as a whole,’’ he added. Small businesses is a larget area for the bank which, says Taggart, tends to operate best in smaller people are better prepared when they come to sce us,’’ said Tag- gart who is assistant vice presi- dent for credit. It means banks also have to change their approach when deal- ing with new business customers. That’s because security, which customers bring banks in order to gain financing, is changing fom physical assets to information. “It’s difficult fo evaluate security on thal kind of asset, lo judge which ones will be success- fal but we are learning,’’ said Taggart. The Federal Business Develop- ment Bank got ils start 50 years ago as the Industrial Develop- meat Bank. It was one of the institutions formed by the federal government to shift the economy from’a war time footing to a peace time in- dustrial base. The role changed in the late cities. 1950s (0 expand beyond “The old adage of the shoe box approach fo business is disappear- ing, It’s still around to an extent but with more computer and greater training, we find more manufacturing and industry. A name change followed in 1975. The bank icnds moncy al a higher rate than do the major financial institutions. E John McNulty That’s because it is a higher risk lender than those other institu- tions and it is not sel up as a com- petitor with those institutions. The, FEDB also offers training " programs in addition to financing. - It’s viewed as a major part of the bank’s activity and fits the mandate of helping to promote small businesses, The programs have helped the bank recognize business trends such as the growth of women who are self employed. to fit customer demand _ John Taggart “Ten years ago women formed 19 per cent of the self employ- ment field. Now it’s 28 per cent,” noics McNulty. Kk kkk B.C. has traditionally been-a Strong arca for the FBDB and does about one-fifth of ils busi- ness in the province, Province wide it has $502 mil- lion out in loans with 2,700 customers totalling more than 30,000 employees. la = \) Out & About bet AST SRAVO NOTEBOOK THAT WON’T be some appara- \k ; tion you'll be seeing in a month : wT will be a house on wheels "486 SX 25 Processor . Nickel Hydride Battery _ . ! being moved from Frank Ave. “ ) * 4 MB Ram (Expandable to 16 MB). * Local Bus Graphics just off of Hwyi6 West to a new location on the 4400 Block of Lakelse. : The home, once owned by Eileen and Floyd Frank and now ; used as offices by Skeena Saw- mills, will be the new location for Darlene’s Country Antiques. Store owner Darlene Berfelo said the move will take place as soon as foundation work has been completed. ak aAKK Some B.C, travel agents won't have lo make semi-annual pay- ments into the provincial govern- ment Travel Assurance Fund. The approximately 500 agents have all paid into the account past three years. | But since it has now reached ils target $1 million level, the 500 are gelling a break. They'll be exempt from pay- ment unless the account drops be- low $500,000. : Olher agents will also get ; breaks once they hit the three- ycar payment level. The fund compensates travel- lers who don’t teceive services they have already paid for due to a business failure on the part of a travel agent or tour operator, ka kak If it’s spring it’s time for the Terrace Homebased Business As- sociation’s spring fair. It takes place at the arena ban- quel room Saturday, April 9. More information is available by calling 635-9415, kkkkk June may sound far away but it - is time to start thinking about the Terrace and District Chamber of Commerce’s annual clections. Positions are coming open on chamber’s executive which acts as the business voice in Terrace and atea, More information is available from the chamber office at 635- 2063. Think about It kakkrk y Can you afford to advertise on Forest Expo 94 in Prince , George May 5 should be ac- { the hope that someone will be listening? * Built-In Trackball *3.5” High Density Floppy Drive * Microsoft DOS 6.2 & Windows 3.1 * 120 MB Hard Drive *PCMCIA Type III Slot In The Market For Parts & Service? When you need spare parts or accessories for your car, truck or van, come and see the largest Independently owned and operated parts & service centre in the Northwest. COMPLETE AUTO SUPPLY * For forelgn or domestic cars » Specializing In hard to find iterns * Huge Inventory of parts * Complete line of auto accessories * Special orders no problem . Ful service facility . PLUS — FOR A LIMITED TIME ONLY Purchase an AST BRAVO NOTEBOOK & receive Microsoft Word for Windows 6.0 FREE!!! TERRACE - 4552 Lakelse Avenue, Terrace, B.C, Tel: (604) 638-8505 Fax: (604) 635-4071 PRINCE RUPERT - 737 Fiaser St, Prince Rupert, B.C. Wilki 1 1Inso Tel: (604) 624-5714 Fax: (604) 624.5549 BUSINESS MACHINES | atmarcustomens-cae-sna7 QUEEN CHARLOTTEISLANDS CALL 1-800-668-7706 ce Care rdéac Baar BGudacucaal AUTOMOTIVE & INDUSTRIAL SUPPLY AUTO PARTS, SERVICE & PAINT SUPPLIES 635-6334 4641 Keith Avenue, Terrace, B.C, V8G 1K4 A Hours: Mon, - Fri. 7am- 6 pm, Sat. 8 am- 5 uy Here is a test Sit down right now and list the last five commercials that aired on the radio, Can’t do it? companied by a splash of colour. Now call the Terrace Standard and have oneof. =, Organizers of the exhibition arc : , en aay : sclling 504 fluorescent yellow Even if their radio is on, there our ad reps place your ad in print, It's there in. . ae signs carrying slogans which pro- J} jg stil avery good chance they —_ black & white to be read and referred back to Your Window on the Northwest mote the forest industry. ' ' ‘ hich were involved in something Sean else and simply didn’t catch your ad at the precise time it was aired. For Impressive, believable and effective advertising call 638 7283, A 1991 provincial government study estimated that more than 70 per cent of the city’s income and that of the surrounding area com- es from the forest industry. a kkk _STANDARD __