Feds give local green company a helping hand.
MP Phil McColeman, on behalf of Agriculture Minister Gerry Ritz, announced the Enterprise Brant loan to Solar Team of Lynden to expand its business and create local jobs. The investment will create three new seasonal jobs in the first year, with anticipation of creating more as installations increase.
Solar Team designs and installs solar energy systems for homes, small businesses and farm owners so they can participate in the province's renewable energy program. The young business will use the investment to manage its business cycle and install systems back to back. Once installed, the solar systems produce clean energy and will generate income for the property owners.
Solar Team owner Ken Burns was also the provincial Green Party candidate in the 2011 election.
"Our Government's top priority remains the economy, and small businesses are a key contributor to local jobs and economic growth," said MP McColeman in a Mar. 19 press release. "This investment will help Solar Team install solar energy systems in homes, small businesses and on farms across Brant County, creating jobs in our communities and strengthening the regional economy."
"Starting a new business is always a challenge, but the mentorship and advice that Enterprise Brant provides, as well as the workshops, has made it much easier to meet that challenge," said Ken Burns in the same press release. "The Sand Plains loan is just one example of this kind of support. The government of Canada is really helping new businesses get access to working capital and other small business support they need, and this is crucial to establishing businesses which will create jobs, build our economy, and reduce our reliance on fossil fuels."
The capital loan is being provided through the Sand Plains Community Development Fund administered by the Ontario Association of Community Futures Development Corporations. The fund targets community-based initiatives that support regional development, attract and retain people and investment, and stimulate business development and job creation.