Ontario Increases Support for Youth Entrepreneurship with $1.5 Million Boost to Summer Company Program – Travel And Tour World

The Ontario government is injecting an extra $1.5 million into its Summer Company program, aimed at supporting an additional 250 young entrepreneurs in launching and expanding their businesses. This boost brings the total funding for the program to over $4.7 million for the upcoming two years.

“Ontario continues to help the next generation of youth-led businesses through the Summer Company entrepreneurship program,” said Nina Tangri, Associate Minister of Small Business. “This exciting program expands the pipeline of entrepreneurs by providing more students with the training and supports they need to launch and run their own summer business. It’s good for our young people and fantastic for Ontario’s future economy.”

The Summer Company initiative offers youths aged 15 to 29 comprehensive support, including a minimum of 12 hours of business education, personalized mentoring, and grants of up to $3,000 to establish their own full-time businesses. Administered via Small Business Enterprise Centres, this program has successfully kickstarted over 1,700 enterprises throughout Ontario in the last five years.

“Small businesses and entrepreneurs, including youth entrepreneurs, are a critical part of Ontario’s plan to grow the economy,” said Peter Bethlenfalvy, Minister of Finance. “Our government is proud to support our province’s young people through the Summer Company program as they start and grow their careers.”

Small businesses are vital components of our communities and play a crucial role in Ontario’s economy, employing over two million individuals. Ontario extends a variety of programs and resources aimed at aiding entrepreneurs in establishing and expanding their ventures. These include Regional Innovation Centres, Intellectual Property Ontario, Starter Company Plus, and personalized assistance, guidance, and business evaluations through business advisory services.

Applications for the 2024 Summer Company program are currently being accepted until May 17, 2024.

“Through the 2024 Budget, our government continues to support current and future entrepreneurs by creating an economic environment which ensures growth and success for all Ontarians.”

“The Summer Company program will enable young people in Whitby, Durham Region and across Ontario to learn the basics of entrepreneurship and enable them to pursue their passions as business owners.”

“Our government is dedicated to empowering ambitious young entrepreneurs through the Summer Company entrepreneurship program. From specialized training to access to mentors, programs, and services, delivered through our network of 47 Small Business Enterprise Centres across the province, we’re determined to fuel the aspirations of our next generation of innovators and boost our economy.”

Tags: 250 young entrepreneurs in launching and expanding their businesses, america, Destination News, Lorne Coe, Ontario government, Summer Company program, Todd McCarthy

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