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July 6, 2010
Mayor Miller to attend launch of Youth Micro Loan Pilot project
Join Mayor David Miller at the launch of the Youth Micro Loan Pilot, an innovative project designed to help business-minded youth who have limited access to the financial resources required to become their own boss. The project will serve youth living in Toronto’s priority neighbourhoods in the west end and is being funded by the City of Toronto in partnership with Toronto Community Foundation, Toronto Community Housing and Alterna Savings.

Date: Thursday, July 8
Time: 6:45 p.m. Official remarks begin at 7 p.m.
Refreshments will be served.
Location: Alterna Savings, 800 Bay St. (at College Street)

Event participants include:
Mr. John Lahey, President and C.E.O., Alterna Savings
Ms. Keiko Nakamura C.E.O. Toronto Community Housing Corporation
Mr. Rahul K. Bhardwaj, President and C.E.O., Toronto Community Foundation
Ms. Laurie- Shawn Borzovoy, Chair, Board of Directors, Urban Arts Community Arts Council
Representatives from Social Enterprise Centre for Excellence (SECE) along with other community partners
Interested youth

Participants of the pilot project will be given access to the resources, skills and networks needed to successfully launch their own business. In January 2008, Council adopted the Agenda for Prosperity, which involved a call for the exploration of self-sustaining community micro-loan funds, with a particular focus on Youth Enterprise. The Youth Micro Loan Pilot project was created to successfully carry out the vision laid out in Agenda for Prosperity.

Toronto is Canada's largest city and sixth largest government, and home to a diverse population of about 2.6 million people. It is the economic engine of Canada and one of the greenest and most creative cities in North America. Toronto has won numerous awards for quality, innovation and efficiency in delivering public services. Toronto's government is dedicated to prosperity, opportunity and liveability for all its residents. For information about non-emergency City services and programs, Toronto residents, businesses and visitors can dial 311, 24 hours a day, 7 days a week.

Media contact:
Cher Jones Senior Coordinator, Promotions and Communications 416-392-5349,



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