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Office of Public Affairs

   


For immediate release:  April 25, 2005


 

Acadia University business centre receives vote of confidence through ACOA funding

 

(Wolfville, NS) -  The Acadia Centre for Small Business and Entrepreneurship today received $468,668 from the Atlantic Canada Opportunities Agency to support and expand its services. The funding, part of ACOA’s $2.1 million investment to promote university-business connections, will enable ACSBE to deliver a higher level of programming, particularly within the community.

The announcement was made today by the Honourable Scott Brison, Minister of Public Works and Government Services on behalf of the Honourable Joseph McGuire, Minister of the Atlantic Canada Opportunities Agency.

“The Acadia Centre is a lynchpin of progress in the valley and beyond,” said Minister Brison. “It has been recognized by the Atlantic Provinces Economic Council for its ability to link the academic world to the realities of small business.”

Operating as an outreach of Acadia University since 1988, ACSBE is a member of the Alliance of University Business Development Centers (UBDC). It provides entrepreneurial skill development, small business counselling and consulting, and advisory services in social and community entrepreneurship. ACSBE serves the Acadia University community and residents of central southwest Nova Scotia in partnership with the regional development agencies in Kings, Hants, and Lunenburg counties.

Acadia University is now recognized as one of Canada’s most entrepreneurial universities with over 30% of its students involved in entrepreneurial skill development. With offices in Kentville, Bridgewater, and Windsor, ACSBE has assisted in the creation of 410 new businesses, 645 sustainable jobs, and $12,500,000 in initial investment in the years 1996-2003. The retention rate of these newly created businesses is 81% with a growth rate in employment of approximately 300%.

“This funding from ACOA will help ACSBE increase its contribution to the social and economic fabric of the communities it serves,” says Dr. Gail Dinter-Gottlieb, President and Vice-Chancellor of Acadia University. “We look forward to advancing our reach from the university to the small business community and assisting in the evolution of the University’s innovation strategy through our community partners.”

As an affiliate of Acadia University, ACSBE is governed by a board of local business and community leaders along with university representatives. It has been recognized by its ability to synergize its resources with that of the University and other community agencies. ACSBE is also recognized internationally as a leader in the development of professional small business counsellors and trainers.

“Our involvement in the APEC-IBIZ small business certification program has given us international credibility,” says Chris Pelham, Executive Director of ACSBE, who serves as chair of the Asia Pacific Economic Cooperation international professional standards committee. “It has provided a unique opportunity for us, our clients, and our students to become much more involved in international trade and exchange.”

Acadia University, in Wolfville, Nova Scotia, has long been recognized as one of Canada’s premier undergraduate institutions. With its nationally and internationally recognized research initiatives, small class sizes and technology-rich teaching and learning environment, Acadia offers students an experience that includes academic achievement combined with personal growth and development. For more information about Acadia, visit our website at www.acadiau.ca.

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For more information contact:
Chris Pelham

Director

Acadia Centre for Small Business and Entrepreneurship
P: 902.542.2201 ext. 1180

David Harrigan

Media Relations Officer

ACOA (Nova Scotia)

P:  902.426.4238


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