Business. 19 - Sunday, August 30, 1987 - North Shore News Small business creates 10,000 new jobs THE 5,700 small and) medium- sized businesses for which the Fed- eral Business Development Bank authorized loans and guarantees in the fiscal year ending March 31, 1987, expect to create some 10,000 new jobs across the country, ac- cording to Guy Lavigueur, the bank’s president. In presenting the FBDB’s annual report, Lavigueur stated that it had been a good year for the bank due in large part to the favorable economic clinitte. He pointed out that the GNP had shown real growth of 3.1 per cent in F986 and that interest rates had dropped to their lowest level since 1978, Over the past: year, the bank participated in financing business projects worth $1.40 billion. Of this, loans and = guarantees authorized by the FBDB accounted for $927.9 million, while the re- maining $450 million came from other sources, who benefited from these invest- ments were businesses in early stages of development. Lavigueur alsa emphasized the supplemental role that the FBDB plays in) providing financial assistance to small ind medium- sized businesses until) they can ALEXANDRA STEELE fulfil the requirements of private would not take; which is normal, kiven our role." Lavigueur also mentioned that prepayments on its loans, over the past year, for a total of $164.2 mil. active presence in regions of the sector lenders. “*We take risks," he lion. As a result, a good number of country where the economy has “that the private sector FBDB clients were able 1o gain ac. been somewhat weak. bank accepted over 3,200 cess to private sector sources of fi- Over the past two years, the nancing planned. The supplemental they had bank's volume of loans has in- creased 94 per cent in the West and role of the 70 per cent in the Atlantic pro- bank is also demonstrated by its — vinces. Recently Dick Irwin GM completed a survey of GM product owners in North and West Vancouver. In doing so, we learned that one of the most imporiant features a dealership lixe ours can offer, is extended and flexible service hours. Recognizing your needs, we recently restructured our service and parts depariment so thai would be more convenient for our customers to have their vehicles repaired and maintained. We trust our current customers will be more satisfied with this change and we sincerely hope that others, who have ex- perienced the frustration of early closings and no service on Saturdays, will give us _in addition, the bank substan- Brent Francis, Manager of Sutton tially increased its venture capital Group's new Park Roya! Office, is a try. financing activities. pleased 10 announce the appoint: . During the year, the volume of ment of Alexandra Steele as Sales Please phone for your appointment! its investments grew by 62 per Representative (9.15). cent, from $12.5 million in fiscal Alex has a specialized knowledge of 1986 to $20.2 million in fiscal condominium projects, has a four 1987. f year membersmp in the MLS The bank’s investments also Medallion Club of the Rea! Estate had a leverage effect on the financ- Board, a licence also to seil Real ing available from the private sec- | Estate Orented Securities (Tax tor. For every dollar that the Shelters), and has completed the op : wa practical course in !C{ (Industrial, FBDB invested in its clients’ pro Commercial and Investment Rea! jects, private sector sources in- J Eoratey She has been actively sel- jected more than four additional ing real estate on the North Shore tor dollars. the past 9% years. As a result, the total value of | Giants and trends are invited to con-| venture capital investments for | tact her at 925-111. Pager 645-3724. FBDB clients amounted to approx- imately $100 million. In addition, almost 60 per cent of the clients Yours very truly, Guaranteed Service et Guaranteed GM Parts dacty Mertin Guaranteed Price gral Mar Gengral Manager General enquiries welcomed. PRESENTS: THE GOOD BABY Sponsored by the Bowen Island Chamber of Commerce, September 4 at 8 p.m., September 5 & 6 at 7 p.m. sharp. Crippen Park, Bowen Island. Come over early and have a picnic. Clients trust us with the most important part of their business. The most important part of just about every business is its people. And that's the part our clents entrust to Drake - finding the right permanent staff. It's a big responsibility. But at Drake Personnel we have more than 30 years experience, in finding the nght people with just the right skills for a wide variety of positions. From entry level to middle Management careers. Many of our clients have relied on Drake Personnel for years, and it's great to have satisfied clients. It's also great to be able to share the satisfaction of the people we place in postions where they can do good work. When your company needs effective staff, give us a call at Drake Personnel. PAT Ys J Lv. Horseshoe Bay Lv. Snug Cove ay : 6:50 am : 6:25 am" 2:55 pm 7:50 7:20 3:55 PERSONNEL ss 7 OU : 9:50 9:20 5:55 } 11:25 : 10:55 7:25 12:25 pm 3 14:55 8:25 2:25 12:55 pm "Except Sundays it’s easy to get to Bowen Island and there is no need to bring a car! Park in Horseshoe Bay (We recommend the Lions Club overflow lot on Marine Drive across from Gleneagles School — they have a free shuttle bus to the terminal) and walk on the Ferry. The Cosmodrome is in the picnic ground of Crippen Park, a five minute walk away. On Saturday and Sunday, B.C. Ferries are providing a special After-the-show sailing to get you home again. TICKETS: Big \dea, Bowen \stand; Pawprints, Horseshoe Bay; VIC/CBO outlets. Tickets $8.00 adults; $4.00 12 & under in advance. $10.00 adults; $5.00 12 & under at the door. This event is sponsored by Big Idea, B.t.H.O.R.A., Bowen Building Centre, Bowen Freight, Michael Dunn, Stewart Jamieson, Kanata Realty, Riddell Reaity, Snug Cove Marina, Westpress. Special thanks to Woodward's. Lawn Seating Bring a cushion for a good time ... rain or shine under the Cosmodrome tent. Vancouver 684-4311 Burnaby 439-0828 Richmond 270-7374