40:
327:
319:
220:, and the Governor of the Bank was also Chief Executive Officer of the IDB. During its first years, the bank's main role was to help small "industrial enterprises" convert from military production to peacetime operations after World War II. IDB was one of the first and largest development banks in the world.
289:
BDC is financially self-sustaining. Since 1998, it has been profitable and paid a total of more than $ 746 million in dividends to its sole shareholder, the
Government of Canada. On June 8, 2022, BDC’s Board of Director authorized the repurchase of $ 5.0 billion of its common shares. Every ten years,
337:
BDC offers loans and advisory services with a focus on small and medium-sized companies. It reports to
Parliament through the Minister of Innovation, Science and Economic Development. BDC Capital, a subsidiary of BDC, offers specialized financing, including venture capital, equity as well as growth
406:
BDC Capital won multiple Deal of the Year Awards from the
Canadian Venture Capital and Private Equity Association in the venture capital category. It won in 2011, for its investment in Radian6 Technologies Inc.; in 2012, for its investment in Q1 Labs Inc.; and again in 2014, for its investment in
632:
So you don't give money? Shouldn't a crown corporation be helping
Canadians? - BDC has been supporting Canadian businesses since 1944. Our innovative financing and advisory services are specifically designed to respond to the needs of today's Canadian businesses while allowing the bank to be
301:
as
President and Chief Executive Officer as of August of the same year, at the end of the term of current CEO Michael Denham. In 2023, current and former staff raised concerns about spending at the bank, including expenditure on consulting services from
947:
282:, focusing on the needs of small and medium-sized enterprises (SMEs), to fill gaps in the market and maximize financing alternatives for businesses by offering services that were complementary to those available from other
686:
227:
was first amended in 1952 to allow the bank to offer financing to companies in the commercial airlines industry. By the mid-1950s, one in ten planes in Canada was financed by IDB. Later, the
258:, including operations in relatively rural areas. In the mid-1970s, the bank added consulting and training to its financial offerings to help entrepreneurs better manage their businesses.
1418:
1564:
1059:
1723:
585:
1549:
341:
BDC's
Venture Capital arm makes strategic investments in Canadian companies through its Energy/Cleantech Fund, Healthcare Fund and IT Fund. Notable investments include
682:
766:
17:
555:
1688:
1654:
192:
Founded in 1944, its corporate headquarters is located in
Montreal and it has more than 123 business centres working with 60,000 clients. BDC's
719:
1031:
1693:
959:
1738:
1151:
826:
1142:
294:
must conduct a review of the provisions and operations of the BDC Act. The last legislative review was completed in
December 2014.
1067:
1612:
274:
1708:
592:
1088:
1728:
701:
1698:
1649:
383:
is a yearly celebration of entrepreneurs and their contribution to
Canadian society. It became a nationwide event in 1981.
1733:
792:
898:
1703:
1187:
421:
186:
847:
1257:
1539:
1324:
1527:
563:
1713:
426:
235:
181:, mandated to help create and develop Canadian businesses through financing, growth and transition capital,
1289:
1135:
416:
170:
50:
873:
648:
530:
445:
644:
234:
By 1964, 20 years after its foundation, IDB had 22 branches across Canada, covering main cities such as
542:
376:
financial institutions. It also provides advice to businesses through its advisory services division.
1496:
1390:
1339:
1299:
174:
1042:
1683:
1481:
1174:
727:
1718:
1423:
1385:
1362:
1314:
1304:
1284:
1128:
1032:"Summerhill, Brightspark and BDC Winners of CVCA's 2011 Venture Capital 'Deal of the Year' Award"
661:
1506:
970:
818:
475:
283:
1559:
1486:
1476:
1450:
1380:
1309:
1262:
1221:
995:
303:
266:
1060:"BDC Venture Capital secures the CVCA's Deal of the Year Award for the second year in a row"
506:
216:
as the
Industrial Development Bank (IDB) in September 1944. IDB was initially an arm of the
1491:
1199:
392:
291:
178:
39:
767:"CoolIT Receives Growth Investment to Further Fund Innovation and International Expansion"
8:
1501:
1471:
1413:
1294:
380:
358:
231:
was amended twice more to allow the bank to lend to companies in almost all industries.
1617:
1554:
1428:
278:
was passed, leading to a new name and mission for the bank. It mandated BDC to promote
1544:
1192:
331:
213:
89:
1252:
1120:
1534:
1445:
1267:
1247:
1203:
1182:
702:"Crown corporation faces staff backlash over McKinsey contract, spending decisions"
279:
261:
In 1975, its name was changed to Federal Business Development Bank (FBDB), and its
60:
586:"History of the Business Development Bank of Canada - The FBDB period (1975-1995)"
1522:
1274:
1225:
262:
182:
162:
365:
1433:
1279:
1214:
793:"CoolIT secures growth investment from BDC and nVent - Private Capital Journal"
373:
354:
298:
217:
201:
106:
996:"Consolidated federal laws of Canada, Business Development Bank of Canada Act"
1677:
1633:
1319:
616:
197:
1438:
1242:
1089:"BDC and GrowthWorks Win CVCA's "Deal of The Year" For Layer7 Technologies"
1018:
923:
369:
350:
1209:
63:
1334:
683:"Nomination d'une première femme à la tête de la BDC: Isabelle Hudon"
342:
307:
255:
247:
239:
74:
403:
BDC was named among Canada's Top 100 employers from 2007 to 2018.
326:
1455:
1329:
346:
251:
243:
196:
obligations, secured by the Government of Canada, are issued to
318:
265:
operations were started. At the time, the bank was known as "a
78:
741:
121:
899:"Industrial, Clean and Energy Technology (ICE) Venture Fund"
720:"Organization Profile - Business Development Bank of Canada"
357:, CoolIT Systems, Protiva Biotherapeutics, Sanctuary AI and
819:"Protiva Biotherapeutics completes private financing round"
193:
1039:
Canada's Venture Capital & Private Equity Association
848:"Sanctuary AI gets new funding to make robots more human"
1115:
145:
1150:
297:
In April 2021, the Bank announced the appointment of
524:
507:"History of the Business Development Bank of Canada"
438:
1724:
Innovation, Science and Economic Development Canada
1655:Financial Services Regulatory Authority of Ontario
372:that fill out or complete services available from
1675:
1590:
840:
1136:
994:Branch, Legislative Services (2020-03-25).
1689:Federal departments and agencies of Canada
1143:
1129:
38:
556:"1965 - 1974 A decade of diversification"
501:
499:
497:
495:
476:"Business Development Bank of Canada Act"
391:BDC is exempt from taxes imposed by the
364:BDC is a complementary lender, offering
325:
317:
1613:Canada Mortgage and Housing Corporation
275:Business Development Bank of Canada Act
269:"—supporting businesses in difficulty.
185:and advisory services, with a focus on
18:Business Development Bank of Canada Act
14:
1676:
993:
699:
492:
1589:
1360:
1162:
1124:
948:Canadian Intellectual Property Office
470:
468:
1650:Canada Deposit Insurance Corporation
1163:
1066:. September 20, 2012. Archived from
1041:. September 21, 2011. Archived from
543:Treasury Board of Canada Secretariat
1694:Canadian federal Crown corporations
1608:Business Development Bank of Canada
960:"Fact Sheet - Small Business Week®"
155:Business Development Bank of Canada
32:Business Development Bank of Canada
24:
1188:Canadian Imperial Bank of Commerce
465:
422:List of national development banks
187:small and medium-sized enterprises
25:
1750:
1627:Provincial financial institutions
1361:
1330:Vancity Community Investment Bank
1152:Banks and credit unions in Canada
1109:
583:
338:and business transition capital.
167:Banque de développement du Canada
1739:Government-owned banks of Canada
724:Governor in Council Appointments
689:from the original on 2021-04-30.
386:
306:and air transport for a private
1081:
1052:
1024:
1012:
987:
952:
941:
916:
891:
866:
829:from the original on 2023-09-04
811:
785:
759:
734:
712:
693:
675:
654:
229:Industrial Development Bank Act
225:Industrial Development Bank Act
212:The bank was established by an
1601:Federal financial institutions
700:Leblac, Daniel (23 Jan 2023).
638:
609:
577:
548:
536:
398:
13:
1:
1709:1944 establishments in Quebec
432:
427:Canada Innovation Corporation
1729:B Lab-certified corporations
1591:Other financial institutions
1290:First Nations Bank of Canada
591:. p. 32. Archived from
417:BDC Young Entrepreneur Award
330:BDC Building, Stelco Tower,
7:
1699:Companies based in Montreal
649:BDC 2019 Annual Report 2019
410:
322:BDC Head Office in Montreal
313:
10:
1755:
1734:National development banks
1019:Canada's Top 100 Employers
379:Launched by FBDB in 1979,
207:
1704:Banks established in 1944
1642:
1626:
1600:
1596:
1585:
1515:
1464:
1406:
1399:
1391:UNI Financial Cooperation
1373:
1369:
1356:
1340:Wealth One Bank of Canada
1300:Laurentian Bank of Canada
1235:
1173:
1169:
1158:
175:national development bank
141:
131:
119:
97:
85:
69:
56:
46:
37:
1400:Provincial credit unions
633:financially sustainable.
93:Montreal, Quebec, Canada
1325:President's Choice Bank
1315:National Bank of Canada
1305:Manulife Bank of Canada
1285:Exchange Bank of Canada
1000:laws-lois.justice.gc.ca
531:BDC Annual Report, 2017
1320:Peoples Bank of Canada
1253:Bank of China (Canada)
1021:. Retrieved 2012-05-04
645:BDC 2015 Annual Report
407:Layer 7 Technologies.
334:
323:
304:McKinsey & Company
284:financial institutions
166:
1381:Coast Capital Savings
1374:Federal credit unions
1263:Canadian Western Bank
1222:Toronto-Dominion Bank
329:
321:
267:lender of last resort
127:$ 30.6 billion (2019)
112:Mike Pedersen (Chair)
1714:Benefit corporations
1200:Royal Bank of Canada
545:Retrieved 2012-05-04
533:Retrieved 2018-01-23
480:Justice Laws Website
446:"2019 Annual Report"
292:Minister of Industry
179:Government of Canada
177:wholly owned by the
1414:BlueShore Financial
1248:AMEX Bank of Canada
381:Small Business Week
359:Klipfolio Dashboard
133:Number of employees
109:(President and CEO)
61:Development banking
34:
1618:Farm Credit Canada
1540:Desjardins Ontario
1429:Envision Financial
1258:Canadian Tire Bank
662:"Laws and reports"
335:
324:
30:
1671:
1670:
1667:
1666:
1663:
1662:
1643:Deposit insurance
1581:
1580:
1577:
1576:
1573:
1572:
1446:Gulf & Fraser
1419:Coastal Community
1352:
1351:
1348:
1347:
1295:ICICI Bank Canada
1193:Simplii Financial
874:"IT Venture Fund"
854:. The Tech Factor
332:Hamilton, Ontario
214:Act of Parliament
171:Crown corporation
151:
150:
90:Place Ville Marie
51:Crown corporation
16:(Redirected from
1746:
1598:
1597:
1587:
1586:
1535:Desjardins Group
1407:British Columbia
1404:
1403:
1371:
1370:
1358:
1357:
1268:Motive Financial
1204:HSBC Bank Canada
1183:Bank of Montreal
1171:
1170:
1164:For-profit banks
1160:
1159:
1145:
1138:
1131:
1122:
1121:
1116:Official website
1104:
1103:
1101:
1100:
1085:
1079:
1078:
1076:
1075:
1056:
1050:
1049:
1047:
1036:
1028:
1022:
1016:
1010:
1009:
1007:
1006:
991:
985:
984:
982:
981:
975:
969:. Archived from
964:
956:
950:
945:
939:
938:
936:
934:
920:
914:
913:
911:
909:
895:
889:
888:
886:
884:
870:
864:
863:
861:
859:
844:
838:
837:
835:
834:
815:
809:
808:
806:
804:
789:
783:
782:
780:
778:
763:
757:
756:
754:
752:
738:
732:
731:
726:. Archived from
716:
710:
709:
697:
691:
690:
679:
673:
672:
670:
668:
658:
652:
642:
636:
635:
629:
627:
613:
607:
606:
604:
603:
597:
590:
581:
575:
574:
572:
571:
562:. Archived from
552:
546:
540:
534:
528:
522:
521:
519:
517:
503:
490:
489:
487:
486:
472:
463:
462:
460:
459:
450:
442:
280:entrepreneurship
124:
42:
35:
33:
29:
21:
1754:
1753:
1749:
1748:
1747:
1745:
1744:
1743:
1684:Banks of Canada
1674:
1673:
1672:
1659:
1638:
1622:
1592:
1569:
1523:Alterna Savings
1511:
1460:
1395:
1365:
1344:
1275:Citibank Canada
1231:
1226:TD Canada Trust
1165:
1154:
1149:
1112:
1107:
1098:
1096:
1087:
1086:
1082:
1073:
1071:
1058:
1057:
1053:
1045:
1034:
1030:
1029:
1025:
1017:
1013:
1004:
1002:
992:
988:
979:
977:
973:
962:
958:
957:
953:
946:
942:
932:
930:
922:
921:
917:
907:
905:
897:
896:
892:
882:
880:
872:
871:
867:
857:
855:
852:The Tech Factor
846:
845:
841:
832:
830:
817:
816:
812:
802:
800:
799:. March 4, 2021
791:
790:
786:
776:
774:
773:. March 4, 2021
765:
764:
760:
750:
748:
740:
739:
735:
718:
717:
713:
698:
694:
681:
680:
676:
666:
664:
660:
659:
655:
643:
639:
625:
623:
615:
614:
610:
601:
599:
595:
588:
584:Layne, Donald.
582:
578:
569:
567:
554:
553:
549:
541:
537:
529:
525:
515:
513:
505:
504:
493:
484:
482:
474:
473:
466:
457:
455:
448:
444:
443:
439:
435:
413:
401:
389:
316:
263:venture capital
210:
183:venture capital
134:
120:
115:
100:
92:
31:
28:
23:
22:
15:
12:
11:
5:
1752:
1742:
1741:
1736:
1731:
1726:
1721:
1719:Small business
1716:
1711:
1706:
1701:
1696:
1691:
1686:
1669:
1668:
1665:
1664:
1661:
1660:
1658:
1657:
1652:
1646:
1644:
1640:
1639:
1637:
1636:
1630:
1628:
1624:
1623:
1621:
1620:
1615:
1610:
1604:
1602:
1594:
1593:
1583:
1582:
1579:
1578:
1575:
1574:
1571:
1570:
1568:
1567:
1565:Windsor Family
1562:
1557:
1552:
1547:
1542:
1537:
1532:
1531:
1530:
1519:
1517:
1516:Eastern Canada
1513:
1512:
1510:
1509:
1504:
1499:
1494:
1489:
1484:
1479:
1474:
1468:
1466:
1462:
1461:
1459:
1458:
1453:
1448:
1443:
1442:
1441:
1436:
1434:Island Savings
1431:
1421:
1416:
1410:
1408:
1401:
1397:
1396:
1394:
1393:
1388:
1383:
1377:
1375:
1367:
1366:
1354:
1353:
1350:
1349:
1346:
1345:
1343:
1342:
1337:
1332:
1327:
1322:
1317:
1312:
1307:
1302:
1297:
1292:
1287:
1282:
1280:Equitable Bank
1277:
1272:
1271:
1270:
1260:
1255:
1250:
1245:
1239:
1237:
1233:
1232:
1230:
1229:
1219:
1218:
1217:
1207:
1197:
1196:
1195:
1185:
1179:
1177:
1167:
1166:
1156:
1155:
1148:
1147:
1140:
1133:
1125:
1119:
1118:
1111:
1110:External links
1108:
1106:
1105:
1095:. May 22, 2014
1080:
1051:
1048:on 2012-08-18.
1023:
1011:
986:
951:
940:
915:
890:
865:
839:
825:. 2003-05-29.
810:
784:
758:
733:
730:on 2013-11-20.
711:
692:
674:
653:
637:
608:
576:
547:
535:
523:
491:
464:
436:
434:
431:
430:
429:
424:
419:
412:
409:
400:
397:
393:Income Tax Act
388:
385:
374:private-sector
355:D-Wave Systems
315:
312:
299:Isabelle Hudon
218:Bank of Canada
209:
206:
204:institutions.
202:private sector
149:
148:
143:
139:
138:
135:
132:
129:
128:
125:
117:
116:
114:
113:
110:
107:Isabelle Hudon
103:
101:
98:
95:
94:
87:
83:
82:
71:
67:
66:
58:
54:
53:
48:
44:
43:
27:Bank in Canada
26:
9:
6:
4:
3:
2:
1751:
1740:
1737:
1735:
1732:
1730:
1727:
1725:
1722:
1720:
1717:
1715:
1712:
1710:
1707:
1705:
1702:
1700:
1697:
1695:
1692:
1690:
1687:
1685:
1682:
1681:
1679:
1656:
1653:
1651:
1648:
1647:
1645:
1641:
1635:
1634:ATB Financial
1632:
1631:
1629:
1625:
1619:
1616:
1614:
1611:
1609:
1606:
1605:
1603:
1599:
1595:
1588:
1584:
1566:
1563:
1561:
1558:
1556:
1553:
1551:
1548:
1546:
1543:
1541:
1538:
1536:
1533:
1529:
1526:
1525:
1524:
1521:
1520:
1518:
1514:
1508:
1505:
1503:
1500:
1498:
1495:
1493:
1490:
1488:
1485:
1483:
1480:
1478:
1475:
1473:
1470:
1469:
1467:
1463:
1457:
1454:
1452:
1449:
1447:
1444:
1440:
1437:
1435:
1432:
1430:
1427:
1426:
1425:
1422:
1420:
1417:
1415:
1412:
1411:
1409:
1405:
1402:
1398:
1392:
1389:
1387:
1384:
1382:
1379:
1378:
1376:
1372:
1368:
1364:
1363:Credit unions
1359:
1355:
1341:
1338:
1336:
1333:
1331:
1328:
1326:
1323:
1321:
1318:
1316:
1313:
1311:
1308:
1306:
1303:
1301:
1298:
1296:
1293:
1291:
1288:
1286:
1283:
1281:
1278:
1276:
1273:
1269:
1266:
1265:
1264:
1261:
1259:
1256:
1254:
1251:
1249:
1246:
1244:
1241:
1240:
1238:
1234:
1227:
1223:
1220:
1216:
1213:
1212:
1211:
1208:
1205:
1201:
1198:
1194:
1191:
1190:
1189:
1186:
1184:
1181:
1180:
1178:
1176:
1172:
1168:
1161:
1157:
1153:
1146:
1141:
1139:
1134:
1132:
1127:
1126:
1123:
1117:
1114:
1113:
1094:
1090:
1084:
1070:on 2018-01-24
1069:
1065:
1061:
1055:
1044:
1040:
1033:
1027:
1020:
1015:
1001:
997:
990:
976:on 2011-12-26
972:
968:
961:
955:
949:
944:
929:
925:
919:
904:
900:
894:
879:
875:
869:
853:
849:
843:
828:
824:
820:
814:
798:
794:
788:
772:
768:
762:
747:
743:
737:
729:
725:
721:
715:
707:
703:
696:
688:
684:
678:
663:
657:
650:
646:
641:
634:
622:
618:
617:"General FAQ"
612:
598:on 2018-01-24
594:
587:
580:
566:on 2011-04-01
565:
561:
557:
551:
544:
539:
532:
527:
512:
508:
502:
500:
498:
496:
481:
477:
471:
469:
454:
447:
441:
437:
428:
425:
423:
420:
418:
415:
414:
408:
404:
396:
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387:Tax Exemption
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399:Recognition
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351:Canopy Labs
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1678:Categories
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1386:Innovation
1210:Scotiabank
1099:2018-01-23
1074:2018-01-23
1005:2023-02-09
980:2012-05-04
833:2023-09-04
742:"About us"
602:2018-01-23
570:2012-05-04
485:2012-05-04
458:2019-08-07
453:www.bdc.ca
433:References
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366:commercial
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256:Vancouver
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1175:Big Five
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687:Archived
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314:Services
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240:Montreal
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252:Calgary
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