Thursday, August 8, 2019
WINNIPEG - Manitoba Liberal Leader Dougald Lamont announced today that a Manitoba Liberal Government will create a publicly-owned Manitoba Business Development Bank (MBDB) as the cornerstone of their economic growth strategy.
Lamont said the MBDB is needed because many businesses and entrepreneurs in Manitoba have trouble getting access to capital and have to take out costly loans instead or even have to mortgage their house to secure financing.
While the business community has been calling for action on improving access to capital, but the Pallister government has frozen and cancelled programs instead.
“A Manitoba Business Development Bank is one of the simplest and most powerful ways we can take our economy to a new level,” said Lamont. “Manitoba has incredibly talented inventors, innovators and entrepreneurs, and the MBDB is the key to unlocking their full potential.”
The MBDB will:
- Provide investments in growth-focused Manitoba businesses, including start-ups, scale-ups, co-ops, social enterprise, and farming