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.
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. “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.”
On the side, Ms. Valdez began to bake. The turning point was making a cake for her second child’s first birthday. She enjoyed it so much she sought out customers for whom she could bake an assortment of confections, from macarons to wedding cakes. For the past five years, the small-business portfolio had been held by Mary Ng, who for most of that time was also minister of international trade. Before Ms. Ng, the small-business portfolio was held for three years by Bardish Chagger, who was also the Liberals’ House leader.
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