Black business owners and entrepreneurs face unique challenges accessing the right financial tools and mentorship they need to succeed – and we’re taking action to change that.
To support thousands of Black business owners and entrepreneurs across the country, today we announced the launch of Canada’s first-ever Black Entrepreneurship Program. The program will help them access financial planning services and business training, and get loans of up to $250,000. The program will also include funding to create a new hub, run by Black-led community and business organizations, that will help identify barriers to success and opportunities for growth.
We’ll continue to work closely with Black business owners and Black-led organizations across the country to make sure this program reflects the realities and needs of Black Canadians. And we’ll continue to support Black entrepreneurs and create opportunities for Black-owned businesses so they can grow in the months and years to come.
For more on this work and what was announced today, click here: https://pm.gc.ca/en/news/news-releases/2020/09/09/prime-minister-announces-support-black-entrepreneurs-and-business