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Business Plan Competition encourages entrepreneurial spirit in the St John Valley and New Brunswick

| February 27, 2014


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There are several initiatives aimed at encouraging economic and business development in the County. Now there’s a new competition that not only encourages entrepreneurial spirit here, but also across the border. New Source 8’s Angela Christoforos reports…

How does a cash prize of 5,000 dollars sound? A conference held in Edmundston Thursday outlined a Business Plan Contest that gives young entrepreneurs the chance to score a sweet stash of cash!

LEAD Executive Director Ryan Pelletier said, “This is open to anybody from anywhere, we don’t care where the person comes from the only stipulation is the new business has to be established within the region of the World Acadian Congress this year.”

This competition is an effort to develop 3 new businesses on the territory of Acadia of the Lands and Forests.

Caroline Page of CBDC Madawaska said, “We wanted to create something that would encourage the youth to stay in the region.”

The Business Plan Competition will award $5000 to one new business start-up in 3 regions: New Brunswick, Quebec, and the St. John Valley. Three regional winners be selected at the World Acadian Congress in August.

“One of the goals of the Acadian Congress is to establish economic development relationships across borders, and something that will also sustain itself beyond the Congress when it ends,” said Pelletier.

Vice President, of Acadia Federal Credit Union Luis Sanclemente said, “Business doesn’t know borders anymore, the region is diverse and there’s a lot of need a lot of demand.”

The organizing committee encourages young entrepreneurs to submit their ideas, because whether they walk away as winners or not, they will still be offered support and training to develop their business plan.

“People have the dream and the drive they can really succeed and succeed well,” said Sanclemente.

If you’re between the ages of 18 and 34 and want to enter the contest, go to 

The deadline to enter is by April 25th.

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