Building a Stronger Enterprise Ecosystem on Bell Island

Cabot Community Business Development Corporation (Cabot CBDC) will be supported by an investment from Northpine Foundation to help build a stronger, locally owned business economy on Bell Island. The initiative responds to a gap between growing entrepreneurial interest and the affordable capital, coaching, and ongoing support needed to launch and sustain viable businesses.

The investment will create a dedicated revolving loan pool for Bell Island entrepreneurs, alongside business coaching, financial guidance, youth-owned summer businesses, and skilled-trades apprenticeships. Cabot CBDC will support entrepreneurs to validate demand, strengthen operations, and develop businesses connected to Bell Island’s tourism, services, trades, and community needs.

The initiative aims to launch sustainable local businesses, strengthen existing enterprises, create jobs, and give young people early exposure to entrepreneurship and skilled trades.