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Two local businesses to benefit from Michelin Development community loan program


TRURO – Two Colchester County businesses have been granted loans from the Michelin Development partners.

TruLeaf/GoodLeaf and Forever Memories Equestrian, both based in Bible Hill, are recipients of loans through the partners of Bergengren Credit Union, Northern Opportunities for Business Limited (NOBL), Guysborough CBDC, and Michelin Development.

The loans were announced on Monday and the businesses are two of 18 small businesses in total from Antigonish, Colchester and Pictou counties to receive loans through the program.

“It’s just over a year since we established this $6 million local development partnership and we’re excited about the positive results to date,” said John Tully, president, Michelin Development, North America, in a press release.

Since the program was launched in April 2014, 18 businesses have created 40 new jobs, with a potential for up to 97 jobs. It was previously announced that Hunt Outdoors in Truro and Baini Development Ltd., which owns a convenience store in Brookfield, were recipients.

New and existing small business owners interested in submitting a business proposal to Michelin Development can do so by visiting michelindevelopment.ca for more information, or contact John Tully at 902-753-1156 or john.tully@ca.michelin.com.

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