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CBDC NORTIP is one of 41 Community Business Development Corporations (CBDC's), operating in Plum Point and the rural Atlantic Canada area. The CBDC's are a network of not-for-profit organizations that work in co-operation with all levels of government and the private sector to meet the needs of small business. This primary objective of CBDC NORTIP is to provide financial assistance to qualifying business within our geographical jurisdiction, the Great Northern Peninsula. The provision of information services and assistance with business plans to new and existing businesses is also an important part of our mandate - all of which helps to stimulate economic employment and small business growth, resulting in permanent employment for our rural communities.
BDC is the only bank devoted exclusively to entrepreneurs. Our business centre’s mission is to help create and develop strong businesses in Corner Brook through business loans, advisory services and indirect financing.