News Update

Scotiabank On the Move With Small Business Cross-Country Tour

GTA Next Stop on Scotiabank 'Get Growing to a Million' Small Business RV Tour

Scotiabank has taken to the highway with its Small Business Banking initiative and will visit the Greater Toronto Area, (GTA), in September as part of a five month cross-country tour to deliver Scotiabank's Small Business Banking tools, experts and services to small businesses who want to 'Get Growing'. It's all part of the Bank's 'Get Growing to a Million' campaign to help small business owners identify strategies to grow their businesses.

"We're on more than a road trip," said Kyle McNamara, Managing Director and Head of Small Business Banking, Scotiabank. "We're on a mission to help Canadian small business owners grow to the next level. Small business is clearly an important factor in the GTA economy and we are looking forward to meeting and working with these small business owners and understanding their unique business concerns and opportunities."

"The year ahead will be a challenging one," says Aron Gampel, Scotiabank's Deputy Chief Economist. "The Ontario economy continues to be buffeted by the deep slump in manufacturing activity attributable to the U.S. downturn, longstanding competitive issues, and until recently, the sharp run-up in the cost of gasoline and other transportation costs."

But according to Gampel, "the GTA remains an attractive place to do and expand business in the years ahead. It has a large and well-educated population, is close to established markets throughout North America, has a highly diversified and service-oriented economy, and is enjoying a multi-year boom in private and public construction-related activity."

"The 'Get Growing to a Million' campaign builds on Scotiabank's existing foundation of delivering expert advice, information and services that help small business owners improve their bottom line," said Jeff Bartja, Scotiabank District Vice President. "Our advisors are ready to work with small business owners in the GTA to help them grow to the next level - whether it's their first million or their next million in revenue. We have the tools, advice and expertise to help them get there."

The touring RV will make dozens of stops across the country to give local small business owners an opportunity to "test drive" these Small Business tools, visit the new 'Get Growing for business' website, as well as discuss their growth plans with a Scotiabank Small Business advisor.

"Our experience with growing small businesses suggests the most successful small business owners are those who have effectively planned their business concept, from market research and human resources planning to cash flow forecasts," said David Wilton, Director, Small Business Banking for Scotiabank. "Our Small Business advisors have unique business planning and financial diagnostic and check-up tools to offer. We have also made a number of these resources available on our new 'Get Growing for business' website, available 24/7 for the convenience of small business owners. In addition, because we are so confident in the potential of these tools, we are bringing them directly to small business owners in communities across the country," he concluded.