The Millworks Centre for Entrepeneurship got a wack of funding today from the Ontario government and Northern Ontario Heritage Fund Corporation, to the tune of $187,500.
“The centre will play a critical role in revitalizing downtown and small business entrepreneurship,” said Dan Hollingsworth of the Economic Development Corporation.
The centre is the EDCs project to offer business counselling, training, mentoring, access to capital and incubation services.
The reason for the centre: small business incubation leads to an over 80 per cent success rate in that business’ longevity.
Terry Sheehan spearheaded the project while on city council and spoke today as MP of Sault Ste. Marie.
He said he saw on council over 80 per cent of businesses failing in the first three years.
This new centre will also serve Garden River and Batchewana First Nations.
“It is open and welcome to everyone.”
The centre also received funding from FedNor, the Ontario Network of Entrepeneurship and the City of Sault Ste. Marie.
Don Mitchell spoke about the partnerships: “teamwork; without it we are nothing.”
Tom Dodds of the EDC also spoke: “we have a groundswell. Everybody made this a priority.”
MPP David Orazietti and Marchy Bruni also spoke.