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Mayor Jim Watson, President and CEO of Invest Ottawa, Bruce Lazenby, and MPPs Bob Chiarelli and Yasi Naqvi, announce that a $20 million fund to kick start small business is expanding to Ottawa.

Entrepreneurs and small businesses celebrated the announcement that Ontario’s successful Eastern Ontario Development Fund will be expanding into Ottawa.

“The Canadian banking sector doesn’t take a lot of risk,” said Bruce Lazenby, President and CEO of Invest Ottawa on Friday.

“There’s hundreds of million sitting on the sidelines. A $20 million dollar fund like this leverages investment.”

To read the original article: Ottawa business ventures benefit from expansion of $20M fund | Metro