Western Economic Diversification Canada

Western Economic Diversification Canada

March 05, 2015 15:00 ET

Harper Government Strengthens Economic Opportunities for Western Canadian Women Entrepreneurs

EDMONTON, ALBERTA--(Marketwired - March 5, 2015) - Western Economic Diversification Canada

Today, the Honourable Michelle Rempel, Minister of State for Western Economic Diversification, announced an investment of $1.2 million to help female-owned businesses across Western Canada access new domestic and international markets.

Federal funding will support Alberta Women Entrepreneurs' (AWE) efforts to assist emerging women entrepreneurs, including Aboriginal businesswomen, develop the leadership skills and business capacity needed to pursue market opportunities. This investment will also enable AWE to collaborate with Women's Enterprise Centres across the West to ensure western Canadian businesswomen are provided with similar access to market programs in British Columbia, Saskatchewan, and Manitoba.

The initiative will prepare business owners across the West for international trade missions and buy/sell forums, as well as provide essential training and mentorship support to strengthen both domestic and international trade and business opportunities. Aboriginal Affairs and Northern Development Canada has also contributed $200,000 toward this project.

Quick Facts

  • As a result of this project, 150 women entrepreneurs are expected to pursue international business opportunities resulting in $50 million in new revenue.
  • Economic Action Plan 2014 outlined the Government of Canada's commitment to increasing mentorship amongst women entrepreneurs.
  • According to BMO Financial Group's BMO Women's Day 2012 Study, women-owned businesses currently employ over 1.5 million Canadians.
  • In the same study, 71 per cent of Canadian women indicated that they would like to start their own business, and 83 per cent of them said having access to role models or mentors would be important to their success.

Quotes

"Our Government recognizes that women entrepreneurs are vital contributors to employment growth in Canadian communities. By supporting women in business- we are generating jobs, while also building a diverse and robust entrepreneurial ecosystem."

- The Honourable Michelle Rempel, Minister of State for Western Economic Diversification

"Twenty years of experience working with women entrepreneurs has shown us that when these business owners have access to peer support, expert advisors, coaching, mentorship, capital, and trade opportunities, their businesses grow by as much as 30 per cent in annual revenues and new jobs. The investment in these entrepreneurs is an investment into the growth and success for our economy."

- Tracey Scarlett, CEO of Alberta Women Entrepreneurs

Additional Links

- Government of Canada Supports Women Entrepreneurs

- Alberta Women Entrepreneurs

- Women's Enterprise Initiative

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The West Means Business.

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