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Legislative Assembly for the ACT: 2001 Week 5 Hansard (3 May) . . Page.. 1540 ..

The program targets unemployed residents of the ACT and region who are generally 40 years of age and over. Priority is given to those who have recently been made redundant or retrenched and are considering establishing a small business. Participants go through an intensive five-week, full-time training course in small business management including business planning, financial planning, tax, marketing, law and record keeping. On-going mentoring support for up to 12 months is provided after completion of the training course.

The course is free to eligible applicants and Southern Business Services (Marketing) Pty Ltd conduct up to six courses each year.

Creating Youth Business Initiatives (CYBI) -The CYBI program provides access to grant and/or loan funding and one-to-one business mentoring to eligible applicants intending to develop their business venture. The program is aimed at young unemployed residents of the ACT and region who are aged 18 to 28 years of age. This program is delivered in conjunction with the New Enterprise Incentive Scheme (NEIS).

CYBI is a community-based initiative set up and managed by a local committee of volunteers in association with the Business Skills Centre. It operates in partnership with the ACT Government, the Foundation for Young Australians and the corporate and community sectors.

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