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Government of Canada invests more than $830,000 to support Black entrepreneurs and businesses in the National Capital Region

@ South Asia journal
Black Canadian business owners and entrepreneurs make important contributions to the Canadian economy, yet they continue to face systemic racism and obstacles in starting and growing their businesses. This has been further exacerbated by the COVID-19 pandemic. The Government of Canada is working to address long-standing barriers with its first-ever Black Entrepreneurship Program—an over $400-million investment to support the long-term success of Black entrepreneurs and business owners.
Today, the Honourable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, on behalf of the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, announced that the Africa Development Network (ADN) will receive $832,000 to deliver the Black Entrepreneuship Program’s National Ecosystem Fund in the National Capital Region and Montréal.
This funding will allow ADN and its partners to develop and establish a new incubator centre for Black Francophone entrepreneurs and businesses. The centre will offer supports such as one-on-one mentoring, Black industry advisors, and custom training for micro, small and growth companies. The project is expected to support 400 entrepreneurs and 200 Black-led businesses, as well as create 150 new jobs through the companies supported.
The support is provided through the National Ecosystem Fund, which was created to strengthen the entrepreneurship ecosystem for Black entrepreneurs and business owners across Canada. In Ottawa, FedDev Ontario is administering the Fund.

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