Business Development Bank of Canada
From Wikipedia, the free encyclopedia
The Business Development Bank of Canada 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.
[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
