THUNDER BAY – A team of students from Lakehead University took second place in their league earlier this month at the Enactus Canada National Exhibition in Vancouver.
The event sees each team use entrepreneurship to address social, economic and environmental needs. Enactus Thunder Bay presented a pair of projects, Making Cents and Getting Financially Lit, marking the first time the school has placed in the national competition.
The first project, Making Cents, addresses a situation facing small-town communities across Canada, including Northwestern Ontario, the closing of brick-and-mortar banks, running workshops in senior centres in Northern Ontario communities such as Terrace Bay and Schreiber.
The group later entered a working relationship with national credit unions and Alterna Savings to broaden the project.
The second presentation, Getting Lit, was designed to help Indigenous youth flying in from remote communities to attend Dennis Franklin Cromarty High School bridge knowledge gaps when it comes to budgeting and long-term savings.
The team plans to spend next school year working on the two projects to make them sustainable.