Monday, April 16, 2012

Business Loans up in Kenora

Lake of the Woods Business Incentive Corporation says there are some positive signs of life in Kenora's economy.

In the past year LOWBIC approved 14 business loans worth a total of 1.4 million dollars.

Executive director of LOWBIC Ryan Reynard says they supported both new and existing businesses in the past year.

LOWBIC says the business loans helped to create 71 new jobs in the area and maintained another 77 jobs at existing businesses.