Grads of the Youth Micro Loan Pilot Project in Toronto

Grads of the Youth Micro Loan Pilot Project in Toronto

Toronto, Ontario, Canada: Media Advisory

February 9, 2011

Youth Micro Loan grads to pitch business ideas at Toronto City Hall

The first set of graduates from the Youth Micro Loan Pilot Project will be pitching their business ideas at City Hall. A panel of experts will give the six aspiring young entrepreneurs feedback and advice to help them finalize their business plans.

Date: Friday, February 11
Time: 2 to 4 p.m.
Location: Members Lounge, Toronto City Hall, 100 Queen St. W.

The Youth Micro Loan Pilot Project is designed to help youth living in the underserved neighbourhoods of Toronto’s west end become their own boss. Participants receive life skills coaching, business development training, one-on-one business mentoring and have access to apply for a business loan of up to $5,000 when they submit their finalized business plans.

This one-year pilot project was launched in July 2010 and is funded by the City of Toronto in partnership with Alterna Savings, Laidlaw Foundation and the Toronto Community Foundation. Urban Arts is the primary service delivery partner with additional support from Money Minds & Common Cents. Youth Challenge Fund, Social Enterprise Centre of Excellence, Knowledge Equals Youth Success and Toronto Community Housing also provide advisory support.

Toronto is Canada’s largest city and sixth largest government, and home to a diverse population of about 2.6 million people. Toronto’s government is dedicated to delivering customer service excellence, creating a transparent and accountable government, reducing the size and cost of government and building a transportation city. For information on non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.

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