Mayor Rob Ford announces the details of the city's participation in the provincial Starter Company program.
Ford will be with Coun. Michael Thompson, chair of the city's economic development committee, at Coalition Music in Scarborough for the announcement.
Ford, citing his own small business experience, said the first five years were essential in business.
The program provides 18 to 29 year-olds with a grant of up to $5,000 to start, grow or buy a small business.
The program provides:
- one-on-one guidance from a small business advisor
- mentoring with a local successful entrepreneur
- access to business workshops on topics from writing a business plan and budgeting, to executing a marketing campaign
- funding of up to $5,000
- experience running a business that will better position you to obtain more traditional financing, such as a bank loan
Ford was asked about his own business dealings after the press conference. He has been questioned over potential lobbying efforts by companies close to his family's label business, Deco Tags & Labels.