Business Development Bank of Canada
From Wikipedia, the free encyclopedia
The Business Development Bank of Canada (TSX: BDB) is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.
BDC's debt obligations, secured by the Government of Canada, are issued to the public and private sector institutions.
In 2007, BDC was named one of Canada's Top 100 Employers, as published in Maclean's magazine, one of only two federal Crown corporations to receive this honour.[1]
[edit] History
BDC started as the Industrial Development Bank (IDB) in 1944:
- 1952-1964 - Amendments to the IDB Act 1944
- 1964-1974 - diversification of services: counselling, training and planning for small business owners
- 1975 - Federal Business Development Bank replaces the IDB
- 1983 - Investment Banking Division created
- 1995 - revision of Business Development Bank of Canada Act and new name - BDC
[edit] Services
The following are services provided by the BDC:
- financial services
- consulting services
- subordinate financing
- venture capital
[edit] External links
- Business Development Bank of Canada Official Website
- Canadian Department of Justice - Business Development Bank of Canada Act text
