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Page 8, Whltby Free Press, Wednesday, October 23,1996 Fire set by vandals at public sehool portal aiuiagu LU suhaSIIaIU t between $20,000 and $27,000 from a fire et a p Ir portable at Dr. Robert T'hornton Public Sehool, 101 Hazelwood Dr., late Saturday evening. The blaze was inten- -JlpriLe wAIn çn ereis some damage Doleerd tionaly set polie sav adding the building was 4>i bUl Ontaians are investing uj to $1 billion to start up nei businesses this year, sayi Economic Developmeni Trade and Touri'sm Ministei William Saunderson durini Small Business Week Oct 20-27. Ministry analysis of receni new business start-up.- shows Ontario can expect ul to , 80,000 new smal. businesses' this year, spending $1 billion~ collectively on start-ups and creating virtually all of Ontario's net new private sector employment, says the niinister. Nearly 300,000 of Ontario'sé 309,000 businesses employ fewer than 100 people. "Two thirds of start-up money comes out of personal savings and only 12 per cent is borrowed from banks and other financial institutions," eays Saunderson. Small business is driving the bulk of new employment in Ontario, says Joe Spina, Parliamentary Assistant for Small Business. "Small business people are dynamic, innovation and forward thinkcing. It is because of them that Ontario is moving forward again and creating the jobs we need." "TMe current Ontario government is clearly more email-busi*nesa oriented than any of its predecessors,"wsays Catherine Swift, president of cls eve- - à OEN 6 DAS. AWEYA lion to be spent -in '96 on new business the Canedian Federation of Independent Business. "That lias elready begun to translate into more jobs for Ontariens as small firmns remain the dominant Job creators in the economy." She says the- Harris governrnent was the first to provide an Employers Health Tax exemption for smaîl firms. She noted other "very positive policy changes for small firmns" including "getting a grip, on Qee Get Connected By John OToole Small Business week is Oct. 21 to 25. Small business creates 87 per cent of ail new jobs. Women-led businesses in Canada account for 1.5 million jobs. At our constituency office, we can help you get connected with our smail business information centre with free publications and contact lista. Furtliermore, our governrnent wiil be introducing stricter investment rules for Labour Sponsored Investment Funds <LSIFs), which wiil enmSu these funds are focused on speecling up capital for small business. We have introduced the elimination of the Employer Health Tax on annual payrolls of $400,000 plus the elimination' of the $5 corporate filing fee. We have reduced personai income tax by sorne 30 per cent over the next -three years which will assist a consumer driven economy. With lower interest rates and supportive government policy, this government is confident that we will create 725,000 net new jobs during this terni of governiment. Over the past year, Ontario has led Canada ini job creation with over 100,000 net new jobs. Support your local small business person, Who is investing their money in their commu.nity to create jobs and opportunity. John Ooole îs MPP for Durhamn east riding which includea Whitby, north of Taunton RoacL To reach his conatituency office, cal 1-800-661-2433. Professional treatment eliminates bad breath rather than just trying ta cover it Up. Treatment is 95% successful..' Cali today for a consultation or a free brochure. Dr. James H. L D EN TIS T RY I L340 Byron St. S., Whitby (905) 668-5444 r, tp IL ' kIl reduction in personal income tex will also boost business and consumer confidence, she says. "The government is moving in the direction the economy lied to take and creating benefits for small business," adds J.G. Carnegie, executive dlirector of the Ontario Chamber of Commerce. Smell Business Week is conducted each year by boards of trades and chambers of commerce. Events province-wide will highlight the importance of small business to Ontario and provide information to entrepreneurs who wish to start a small business. The nistry will also liost open house in several of the 32 business self-help centres3 Key findinge of Study of recent new business start-ups ~the average initial capial ivestent is estimated at $14,500 per business * 67 per cent proposed to finance their ventures out of their own savinigm * 46 per cent seid they expected to bill between $20,000 and $75,000 in their first year * 31 per cent said they expected to bill between $51,000 and $125,000 in their fli year * more than 75 per cent 63 per cent plan to work out of were registering businesses in the personal services, retail, constructon and consulting areas * 31 per cent liad University education and 27 per cent commrunity college * 55 per cenit were in the 30-44 age group * 20 per cent immigreted from Asia/Paciflc; 17 per cent from Europe and six per cent from the Caribbean *23 per cent are women *63 per cent intended to operate out of homne and 32 per cent intended to rent space * at the time they decided to, start a business, 28 per cent had fuli-time jobs and 1 per cent part-time; 35 per cent were self-employed and 21 per cent were unemployed * 75 per cent lied previous éxperience in the -type of business they were opening and 22 per cent had owned a Profie of amail bu"iess [n Ontarlo *Ontario lias* .about 905-721-9121 ~ CHRMAIE WNTER, C.I.D DECORATINO &CONSULTATIONS Gift Certificates available [ J SPCIA are small businesses - they employ. fewer than 100 people *total private-sector emnployment in Ontario is 4,263,000 and small businesses make up 43 per cent of that * aial business dominates. the business, personal service, retail and primazy industries sector, constitutig at'least three- quarters of the firms ini these areas * 223,000 or 78 per cent of ail Ontariops small businesses employ fewer than five people * in the, last decade employment lias grown mostly among- firms that have fewer ffhan five workers * between April .1 and August 31 this year, about 30,000 new businesses were started up in Ontario; it is3 estimated that about 80,000 will be formed in 12-month period to Mardi 31, 1997 * it is estimated that more than 95 per cent of new businesses starting up wifl employ fewer tien five' people. Trade show' in In , - wjunction wîth National Small Business Week, the Joint boards of trae/hambers of commerce of Durham 'Region will host the '2nd Annual Small Business Week T7rade Show' at 4 p.m., -on Thursday, ct. 24, at the Pickering rocreation compleL. A --wlde variety of businesses will b. show- oes&L The exchange of products services and Ideas will b. the' primary focus cf the. brade show intended te provide a broad crosh-sectIon of emnal to medium-sized, Durham-. based businesses. Interested exhibitoÊs should contact the Whitby Chamber of Commerce 'at 668-4506 for registration details. l p CDFX- 5100 * OOHz Intel Penfium Pmoesr. 16 MB1RM 10 lokeyioad a Wnos95 preIoaJec MbDsbft software bunde - Mouse & mouSepad *FM radiohmne.3 year pats & abor want F1 :eaonsiesevo. IGHs.CD ROM $IY468.oO SAVE $100. CDFX3'5133_$1649.0O) SAVEM $100. 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