Alterna commits $150,000 to empower young leaders

Alterna invests $150,000 through Enactus Canada – to empower young leaders.
November 28, 2016 (Toronto, ON) – Alterna Savings and Alterna Bank (Alterna) are proud to announce a deepening of their commitment to Enactus Canada, the country’s largest student leadership development organization dedicated to inspiring students to improve people’s livelihoods through entrepreneurial action. This commitment will see Alterna invest $150,000 over the next 10 years, the longest pledge of any organization engaged with Enactus Canada.

Since 2014, Alterna has regularly invested funds in Enactus Canada to support the advancement of their mission to develop young leaders, improve lives and strengthen communities, while accessing real business advantages. Through their partnership, Alterna and Enactus Canada work to shape entrepreneurial leaders who are passionate about advancing the economic, social and environmental health of Canada. Working with schools across the country, Enactus Canada seeks out the best and brightest students who see business as a tool for social improvement, and provides them with the resources to implement their projects.

“We’re thrilled to announce a long-term investment in Enactus Canada as they share the same commitment to developing young entrepreneurs, and addressing social issues, as we do,” said Rob Paterson, President and CEO, Alterna Savings and Alterna Bank. “Through our partnership we’re able to help provide young leaders with a better understanding of the types of commercial strategies that maximize social impact, alongside profits, just like credit unions and co-o peratives have done for decades.”

“At Enactus Canada we rally the energy, ideas and passion of Canada’s best and brightest students who see business as a way to address social issues,” said Nicole Almond, President, Enactus Canada. “Through the important support of Alterna we’re going to be able to continue to expand our experiential learning platform, help students unleash their entrepreneurial spirit and develop the talent and perspective essential to leadership in our ever changing world.”

In 2015-2016, Enactus Canada engaged with close to 3,000 students and faculty advisors across 64 universities and colleges, to work on projects dedicated to advancing the social, economic, and environmental wellbeing of Canada. Together, students and faculty advisors jump started 82 student business ventures and delivered 280 community-outreach-projects. 672 new businesses were started from which 1,113 people found employment. Overall 33,000 people were positively impacted by the 400,000+ volunteers hours dedicated by Enactus Canada groups.