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OTTOWA, 10 September 2020, TON, Prime Minister of Canada, Justin Trudeau announced the first Black- Entrepreneurship Program of Canada on 10th September. The contribution of Black business owners and entrepreneurs are recognized respectively in the Canadian economy through the new program. The Canadian PM announced, “The pandemic has shone a light on the inequalities that disproportionately hurt Black Canadians, and has underscored the need to restart our economy in a way that allows all Canadians an equal chance to succeed. That is why today – thanks in part to the leadership, advocacy, and expertise of Black business owners and Black-led organizations – we are announcing Canada’s first-ever Black Entrepreneurship Program.”
And this is an extended part of the ahead launched Canada's Anti-Racism Strategy in 2019.
The PM Trudeau announced nearly up to $95 million to launch the Black- Entrepreneurship Program. The Black Entrepreneurship Loan Fund will be accessible via the Black-led business organizations funded through the National Ecosystem Fund. Canada's Regional Development Agencies will provide the National Ecosystem Fund.
This is a crisis mitigating strategy for the Black-led Canadian organizations, which facilitates $33.3 million for the Black Entrepreneurship Fund and $6.5 million for the Black Entrepreneurship Knowledge Hub with many other strategies. The program aims to highlight the importance of Black Lives around the world.
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