How Rechie Valdez went from banker to baker to Small Business Minister
Federal Minister of Small Business, Rechie Valdez outside her office in Mississauga on Aug. 18.Christopher Katsarov/The Globe and Mail
In early 2020, Rechie Valdez made a decision. She would leave the banking industry, where she had worked for more than 15 years, to focus full time on her small business: baking desserts and wedding cakes.
“I freaked out my mother,” Ms. Valdez said. “I was able to let go of the corporate life, the job security and everything. I really wanted to believe in me and everything I built. It was very daunting and very scary. For most entrepreneurs, it is.”
A year and a half later, she made another leap of faith and put her name on a ballot. She was elected. And this summer, the rookie MP was named to cabinet as the Minister of Small Business, the federal Liberals’ first dedicated minister in that portfolio in four years.
Ms. Valdez sat down with The Globe and Mail at a bakery in Mississauga, near her constituency office. (She closed her own bake shop when she got into politics.)
She steps into her cabinet role at a critical time. Small businesses in many sectors struggled to survive pandemic lockdowns. The taps of federal aid were turned off last year, but a crucial deadline looms to pay back government pandemic loans.
In the coming weeks, Ms. Valdez will help decide whether to extend the deadline. And beyond that, she will shepherd programs that have struggled to get uptake – such as a $4-billion initiative to help small businesses upgrade their digital tools.
Ms. Valdez is the first Filipina cabinet minister, though her family’s journey to Canada was not direct. She was born in 1980 in Zambia to parents who were both born in the Philippines.
In 1989, the family – now including a younger brother – immigrated to Canada. Her father (an engineer) found a job quickly, but her mother (a nurse) couldn’t get her credentials recognized and had to go back to school while working.
“I watched them work so hard,” Ms. Valdez said. “They gave up everything and they sacrificed everything. But you know what, because they did, we got our education here, in this country.”
Ms. Valdez graduated from the University of Windsor in 2003 with a degree in computer science. She was hired by Bank of Montreal to work the
Minister Of Finance
The Ministry of Finance ensures accountability, continuous productiveness of presidency companies, and financial growth by selling policies for, and sound management of, expenditures, revenues, financing and human sources. On 16 April, the Authorities presents its Spring Fiscal Policy Invoice and a proposed spring amending funds to the Riksdag. Within the Spring Fiscal Policy Bill, the Government presents its financial evaluation and the path of fiscal coverage forward of the finances for 2019. Within the amending price range, the Government proposes changes to the price range during the present fiscal year. Now we have taken Sweden in a brand new path. Investments in jobs, health care, colleges and the climate have borne fruit. The Authorities is now making further investments for a safe and sustainable Sweden,†says Minister for Finance Magdalena Andersson.
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Improve the social well-being of the nation at large by successfully taking part in the allocation of financial resources and presenting budget to Parliament , which is consistent with identified national priorities. 2007 – 2010 – Minister of Financial system and Funds Planning of the Republic of Kazakhstan.
The Ministry of Finance acts as coordinator, thus coordinating across the completely different Ministries in budgetary-, financial and financial issues. The aim is to ensure that the national administration solves its duties in a beneficial and financial viable manner.
To provide consultancies and technical help to the federal government departments within the areas of the applications of the standard financial system of the Government of the Emirate. Present management in Monetary and administrative matters and ship prime quality, professional, monetary, and financial companies to the Minister for Finance and Treasury, the Government, different Ministries and the broader group.
January 2012 – Deputy Head of the Presidential Administration of the Republic of Kazakhstan. March 2010 – Assistant to the President of the Republic of Kazakhstan. Our Mission is to provide environment friendly and efficient monetary and financial administration for … Read more
Minister Of Finance Toomas Tõniste
The Ministry of Finance guards the nationwide treasury and works towards making certain the Netherlands is financially wholesome and prosperous. So Wesley is saying there may be truly finance and economy influencers on instagram that mof may have used as a substitute to succeed in the younger individuals? Names? If not, youre just parroting ST. The Minister of Finance appoints the heads of state authorities belonging to the Ministry’s area of government as well as the deputy secretary generals and the heads of departments of the Ministry.
At the Ministry of Finance we continuously tackle the changing needs of Ontario’s tax clients and have made it simpler for Ontario companies to comply with their tax obligations. Companies will now discover themselves more linked and coping with less paper.
The Ministry’s mission is to make sure that Government pursues fiscal and economic policies that foster sustainable development within the nationwide economic system, sound administration of the country’s financial establishments, and cost efficient supply of public services.
January 2012 – Deputy Head of the Presidential Administration of the Republic of Kazakhstan. March 2010 – Assistant to the President of the Republic of Kazakhstan. Our Mission is to provide efficient and effective financial and economic administration for sustainable nationwide development.
Nevertheless, there was also resistance: It was in this building that the members of the resistance group Rote Kapelle” deliberate their activities till they were caught. A memorial website for these resistance fighters is at the moment part of the entrance corridor of the Ministry. They had been executed in 1942.
The Ministry of Finance guards the national treasury and works in the direction of making certain the Netherlands is financially wholesome and affluent. The Ministry of Finance oversees the responsible and effective spending of government sources, makes rules to make sure a stable financial system and oversees the quality of economic institutions. The Ministry of Finance also works on equitable and strong tax legislation. The Dutch Tax Administration, part of the Ministry of Finance, levies and collects taxes.
The Detlev Rohwedder Building, located in the Wilhelmstraße in Berlin’s historic government quarter, has been the top workplace of the German Finance Ministry since 1999. It reflects the stages of Germany’s turbulent historical past extra clearly than almost some other building in the capital.
Based on the Structural Stability Rule, if there’s a deficit, the expenditure that’s not financed by the above talked about … Read more