1. Municipal Entrepreneurship
Municipalities Newfoundland and Labrador
November 16, 2007

2. Economic/Business Development
Private Sector Preferred
What if “no private sector”
Risk too high
Not available
Cost of capital
Role for “community”?

3. Municipal Advantage Structure in place (legal, physical)
Resources available
Staff
Financial
“in-kind”
Credibility, relationships
Approach: Council or Corporation

4. Community Enterprise Also called “social economy”, “not-for-profit”
Must be “economically feasible”, “financially viable”, “sustainable in long term”
Assessment no different than private sector
Technical/market/management/financial
Competitive impact/economic benefits
Commitment

5. ACOA Tools Programs Business Development Program
No interest repayable contributions
Innovative Communities Fund
Non-repayable contributions
Consultant Advisory Services

6. Q U E S T I O N S ?