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Last updateSat, 21 Sep 2024 12pm

New Community Futures program supports women entrepreneurs

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Community Futures Alberta and the Alberta government have collaborated to offer a new program to support various business expenses for small and medium-sized businesses owned by women entrepreneurs.
The Alberta government announced a total of $3 million in grant funding to Community Futures Network of Alberta to administer the Alberta Women’s Economic Recovery - Capital Growth Initiative (CGI) program in May 2022; this funding will help support women entrepreneurs access low-interest loans with flexible repayment options for various business expenses such as operating capital, equipment and inventory, and professional fees.
“While this particular program is designed for women, Community Futures Big Country (Drumheller) continues to work with local entrepreneurs who have not been able to access conventional bank financing for their business,” says Community Futures Big Country executive director Alison Roppel.
She shares, during the first funding round, five local women entrepreneurs were advanced a total of $100,000 through the CGI program. Funding received through the CGI program will help these businesses with start-up and expansion costs, and to increase their digital footprint.
“Community Futures Big Country is excited about the opportunity to support five more local businesses to support them as they move forward,” Ms. Roppel tells the Mail.


Boyko inks deal with New York Rangers

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Drumheller born Talyn Boyko, son of Kelly and Sharla, has signed an entry-level deal with the New York Rangers.
The 19-year-old was playing for the Tri-City Americans of the WHL when he was picked in the NHL draft by the Rangers, coming in at 112th overall in July 2021. He was the eighth goalie selected at the draft.
He has since moved on and played the bulk of last season in Kelowna for the Rockets. He attended the Rangers’ Camp, went to the Rangers’ affiliate Heartford Wolfpack training camp and is now with Jacksonville Icemen.
“It is a step in the right direction and kind of solidifies me with the organization,” Boyko tells the Mail from Jacksonville.
“I’ll be playing in the system for hopefully their next couple years, and my goal is obviously to play with the Rangers. It's an awesome start and I am really honoured, especially to be a part of an organization like the Rangers, an original six team.”
Boyko has been working hard for this opportunity and brings the skills and attributes teams are looking for in the net.
“When you combine my size with my athleticism, that is part of what they see in me, and obviously, I am a really hard worker,” he said.

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“I am so lucky to be where I am and have so many people to thank for helping me get here and wouldn’t be here without them,” Boyko said, noting he is grateful for his support from his agent Rich Winter, who is also from Drumheller.
“He’s been a huge part of this whole process and I am super grateful for his hard work,” said Boyko.
Not long after he began playing hockey in the Drumheller Raptor system, he identified his love for playing in the net.
“When I started playing hockey in Drumheller, you know everyone starts as a player…and then all the kids take turns with the goalie stick. I always wanted to be the kid standing in the net with the stick and that led to my first set of gear,” he said. “Right from there, I fell in love with the position. As I have gotten older, I learned how much control you have over the game and how you can have such a big role in winning the game, and part of that control is just why I love it so much.”
Right now he is focusing on his career, with an eye on getting his shot.
“I want to do everything I can do to get better and solidify myself as a professional hockey player. When the time is ready I hope to get an opportunity and make the most of the opportunity once you get one,” he said.

Business forecast in Drumheller remains strong

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Small businesses are continuing to move forward and recover from two years of unprecedented challenges, and the forecast for local businesses remains strong as vacancy rates decline and fledgling businesses open their doors.
Along with seeing more new businesses starting up, the Town is also seeing a new style of businesses develop with multiple businesses collectively within a single location, offering shoppers a unique shopping experience, and helping smaller businesses keep overhead costs down.
“Across all sectors, small businesses represent 90 per cent of local businesses,” says Town of Drumheller Economic Development manager Reg Johnston.
He explains small businesses are defined as those businesses with fewer than 10 employees, and this figure includes both the Town of Drumheller and neighbouring Starland County.
Vacancy rates in the downtown core of Drumheller dropped from 17 per cent to below five per cent within two quarters in early 2021.
Mr. Johnston adds similar movement is now being seen along the Highway 9 tourism corridor with new stores and developments.
The Town has also seen some major business investment locally.
Mr. Johnston shares FloMax Compression recently underwent a large industrial expansion, and construction is currently underway on a $27 million solar project near the Drumheller Water Treatment Plant (see story Page 2). Raptor Ridge RV Resort also recently opened its sales office in August to begin selling over 100 lots as part of the first phase of development; it is anticipated there will be over 400 titled units once fully built.
“We’ve seen a significant number of business openings this year, and some growth in existing businesses,” says Community Futures business analyst Michael Love. “Those are two measures of confidence-new businesses showing faith that Drumheller is a great opportunity, and existing businesses feeling comfortable in expanding their commitment.”
In spring 2021, Community Futures and its partners-the Drumheller & District Chamber of Commerce (DDCC), Travel Drumheller, and the Town’s Economic Development department-spoke with local businesses during a business survey, and “the optimism was pervasive.”
Mr. Love adds this summer was good for many local businesses, though there were some challenges, particularly around staffing.


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