CANADA ECONOMICS
BANK OF DEVELOPMENT OF CANADA (BDC)
About BDC
We are Canada’s business development bank and the only financial institution dedicated exclusively to entrepreneurs.
Our mission is to help create and develop strong Canadian businesses through financing, advisory services and indirect financing, with a focus on small and medium-sized enterprises.
Through our subsidiary—BDC Capital, we also offer a full spectrum of specialized financing, including venture capital, equity as well as growth and business transition capital.
- BDC supports entrepreneurs in all industries and at all stages of development from more than 100 business centres across Canada and online at bdc.ca.
- We’re committed to the long-term success of Canadian entrepreneurs and have the tools and experience to help make it happen.
- We complement the role played by private-sector financial institutions and have been serving Canadian entrepreneurs since 1944.
- With BDC, entrepreneurs have the peace of mind that comes with having an experienced, knowledgeable and committed adviser in their corner.
- We understand that a business is more than just dollars and cents. That’s why we look at it as a whole, including the owner’s vision for the future.
- We are a financially sustainable Crown corporation and we operate at arm’s length from our sole shareholder, the Government of Canada.
- We’ve been profitable every year since 1998, paying $417 million in dividends to our shareholder.
We know it’s not easy being an entrepreneur. That’s why BDC provides free resources and advice to help entrepreneurs maximize the potential of their company over the long term.
What BDC do
Offers
- Financing - Business loans for projects and working capital to protect cash flow.
- Indirect Financing - Specialized financing solutions for financial intermediaries.
BDC Capital – a subsidiary of BDC – offers a full spectrum of specialized financing, including venture capital, growth and business transition capital and growth equity.
- Venture Capital - Money for innovators looking to transform their business ideas into successful companies.
- Growth & Transition Capital - Money for established or high-growth companies looking to finance a new project or business transition.
- Growth Equity - Minority equity investments for mid-market growth companies looking to grow exponentially.
BDC Advisory Services offers a full range of non-financial services to entrepreneurs.
- Consulting - Providing solutions that help small and medium-sized businesses grow, become more productive and improve their management capabilities—all delivered through proven tools and methodologies by an experienced team while meeting the unique needs of each client.
- High-Impact Firms - A senior team with deep management experience focused on guiding ambitious mid-sized businesses to new heights.
- International Expansion - Expert guidance and support to help you seize opportunities to expand and export to the U.S. and other international markets.
Analysis and research
BDC research on issues impacting small and medium-sized businesses in Canada. General and economic studies.
Corporate governance
BDC's mandate is enacted in the Business Development Bank of Canada Act, passed in July 1995.
BDC is governed by an independent Board of directors, which ensures the highest standard of corporate governance practices.
- Various committees assist the Board of directors in fulfilling its oversight responsibilities. The Board has also established governance practices to help Board members perform their duties.
- The management team executes the business strategy and oversees the day-to-day operations of BDC.
Corporate plan summary
BDC is required to submit an annual five-year corporate plan to the Canadian government outlining its objectives and expected performance.
BDC Corporate Plan Summary 2017-18 to 2021-2022: https://www.bdc.ca/en/Documents/doc_corpo/corporate_plan_summary.pdf
Corporate Social Responsibility
Imagine a bank exclusively dedicated to entrepreneurs. That’s us. We’re committed to entrepreneurs and supporting them responsibly. For us, Corporate Social Responsibility (CSR) is more than following laws. And it’s different from charity.
- Economy - We support entrepreneurs
- Society - We act in ways that build trust
- Environment - We support sustainability
- B Corp - BDC is a Certified B Corporation and your company can also be one of them.
- Sponsorships - We sponsor organizations and initiatives that support entrepreneurs.
- IT Venture Fund
- Healthcare Venture Fund
- Industrial, Clean and Energy Technology Venture Fund
- Fund Investments
- Strategic Investments
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