A new agency will be tasked with assisting small businesses and aspiring entrepreneurs in the Peterborough, Ont., area after the agency currently running the Business Advisory Centre (BAC) folds at the end of the year.
On Monday, Peterborough-Kawartha MPP Dave Smith announced that the provincially funded BAC — currently operated by the Peterborough and the Kawarthas Economic Development (PKED) — will now be under Community Futures Peterborough.
PKED earlier this month announced it will dissolve at the end of the year, ending a 25-year partnership to deliver economic development and tourism services to the city and county.
The decision came after both the City of Peterborough and Peterborough County announced intentions to bring the services in-house after its current agreement with PKED ends on Dec. 31. The city’s share of the $2.5-million contract with PKED was just over $1 million.
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The BAC is part of the province’s Small Business Enterprise Centre (SBEC) program, offering free …