Creating new jobs for young adults between the ages of 15-29 is the focus of the initiative Youth Entrepreneurship Partnership Project called Store 54.
On Friday afternoon, the program officially thanked the Ontario Trillium Foundation for its three-year, $216,800 grant at Store 54 located in downtown Collingwood.
“Store 54 is an exciting local initiative that helps young entrepreneurs gain practical business experience,” said Simcoe-Grey MPP Jim Wilson who also noted, “It’s also got some really unique materials for sale.”
Store 54 opened in July 2007 and has been actively working to help young local entrepreneurs get a fresh start in a risk-free environment by providing hands on training and business-strategy counselling. Assisting with the launch of 30 businesses all from local youth, the store offers free retail space to those with a service, product, trade or idea that they would like to fully develop and turn into a business venture.
Money from the Ontario Trillium Foundation grant will be used over the next three years to help fund the salary for a Program Manager as well as to assist with some of the program and administrative expenses involved with operating the initiative. The group will have a mentor work with youth in the program and will also be hosting formal business launches each year.
Store 54 is a Tracks Employment Program which is currently funded in part by the Ontario Ministry of Economic Development and Trade, and the Oddfellows. For more information about Store 54 please visit Tracks Employment Agency or our website.
The Ontario Trillium Foundation is an agency of the Government of Ontario. For over 25 years, the Foundation has supported the growth and vitality of communities across the province. OTF continues to strengthen the capacity of the volunteer sector through investments in community-based initiatives. For more information, please visit the Trillium Foundation.
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