Increased interest in small business shows that the city is viable: Pastore.Increased interest in small business shows that the city is viable: Pastore An increase in interest in small business is a good indication that there is more to Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. than Algoma Steel ''See also Algoma (Disambiguation) Algoma Steel Corporation (TSX: AGA) was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie, Ontario. . Giacomo Pastore, Sault sault n. A waterfall or rapids. [Obsolete French, from Old French, leap, waterfall; see somersault. Ste. Marie's business development officer, said his office has assisted a record number of people thinking of starting their own businesses. Pastore claims the increase is proof that the economy of Sault Ste. Marie is still viable despite Algoma Steel's uncertain future. Increased interest in the small business sector began last August when Algoma Steel encountered cash flow problems resulting from a work stoppage stoppage - /sto'p*j/ Extreme lossage that renders something (usually something vital) completely unusable. "The recent system stoppage was caused by a fried transformer." . Pastore said people are expressing interest in starting many different types of businesses, from small carpentry carpentry, trade concerned with constructing wood buildings, the wooden portions of buildings, or the temporary timberwork used during the construction of buildings. shops and landscape operations to telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. sales firms and student training centres. He added that many of the people entering his office for assistance have spent a great deal of time researching the markets and preparing business plans. "95 per cent of the people that come through the doors have viable business ideas. Some even have actual orders to fill already," he insisted. CHEAP REAL ESTATE Approximately half of the new entrepreneurs are either unemployed or are awaiting a call back to work at Algoma Steel. Pastore said most of them believe that it is a good time to start a business because commercial real estate is cheap in the Sault right now. Although most of the operations would employ only two or three people each, the increased interest in small business is welcomed by the city's economic development office. "Small business builds the base of an economy," said Pastore. |
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