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Status of Women committee I have to respond in English.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee In terms of what BDC offers, BDC does not offer financing for child care or that type of thing. Our financing is related to business needs only, for things such as working capital or the purchasing of equipment and those types of things.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee I don't believe it's written down that our mandate is to help women entrepreneurs. Our mission is to provide financing and consulting services to small and medium-sized businesses. Our vision is really to accelerate the success of entrepreneurs.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee For both men and women looking to start a business, we offer financing and consulting services. We would take more risks. That means maybe doing a little more financing over longer periods of time, although we do price for that risk.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee They do offer those, but our work complements that of other financial institutions. Again, the biggest difference would be in the length of time. We're very patient with our capital. For example, if we give a loan to a woman entrepreneur, sometimes we can wait a year or two for h
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee We wouldn't for all our transactions, but every client of ours is certainly a client of a chartered bank.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee I'm not sure, do you...? I don't recall.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee Was there a survey?
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee On those? I think I'm going to have to get back to you on that one. I'd like to give that some more thought, because I think that's a very important point.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee I'm saying the challenge is the same, yes. Often I do meet with a lot of clients, men and women, and I ask them what they are seeing. The two things they're coming back with are access to financing, and recruiting and retaining talent. It's the same for men and women.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee Thank you.
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee No, I don't think I would say that, because a lot of the women entrepreneurs we have are coming into it from a start-up point of view, which is very high risk. I think it's mainly because of the type of industry they are in, as well as because they own smaller businesses. As I me
April 9th, 2014Committee meeting
Gina Gale
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee That's a really tough question to answer, why they're in those. What we can do, if we look forward, is probably target those industries if we want to increase the women entrepreneurs in the Canadian economy. We could look at food and services—it's 41% of the economy—and BDC actua
April 9th, 2014Committee meeting
Gina Gale
Status of Women committee There are a few that I went through and they were similar for both men and women. We talked about maintaining cash flow, time management, and those are the ones you're speaking of. Really, I think the biggest one that BDC could help with, as I said, is maintaining the cash flow
April 9th, 2014Committee meeting
Gina Gale