6 Business Owners on Justin Trudeau Black Entrepreneurship Program

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In September, Prime Minister Justin Trudeau announced a nearly $221-million investment in Canada’s first Black Entrepreneurship Program (BEP). This program will help thousands of Black entrepreneurs across the country not only recover from the impacts of the COVID-19 crisis, but grow their businesses through the years (hopefully) beyond the pandemic.

Through the BEP, the federal government will distribute $93 million over four years, including $53 million for a new National Ecosystem Fund to help Black business owners access funding, mentorship and business training. Another $33.3 million will be provided through the new Black Entrepreneurship Loan Fund in partnership with several financial institutions (including Canada’s Big Five banks), which will grant Black business owners between $25,000 and $250,000 in loans. A Black Entrepreneurship Knowledge Hub, with…

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