Growing an inclusive economy is essential to building Canada strong. When Black entrepreneurs have the tools to start and grow companies, they create jobs, drive innovation and strengthen local communities.
Today, the Honourable Greg Fergus, Member of Parliament for Hull-Aylmer, on behalf of the Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), announced a renewed partnership with Carleton University so it can continue operating the Black Entrepreneurship Knowledge Hub. Since launching in 2022, the Knowledge Hub, through Carleton University's stewardship, has solidified itself as a centre for research, data and insights on Black entrepreneurship ecosystems in Canada. This includes its Black Entrepreneurship Ecosystem Map, which launched in 2024.
Member of Parliament Fergus also noted that Carleton University has appointed John Nelson as the new executive director of the Knowledge Hub. He has worked in a variety of roles at Carleton University over 15 years. In addition, he is an ambassador with the Ottawa Board of Trade and a coach with the Black Coaches Collective. Mr. Nelson is also engaged in supporting and mentoring new immigrants to Canada as they transition to the Canadian workforce and in facilitating partnerships with collaborators in Ottawa's entrepreneurship ecosystem.
The Black Entrepreneurship Knowledge Hub is a key pillar of the Government of Canada's Black Entrepreneurship Program (BEP). The BEP also offers financing through the Black Entrepreneurship Loan Fund, and advice, business training and networking opportunities by organizations funded under the Black Entrepreneurship Ecosystem Fund.
In 2025, Minister Valdez announced an additional investment of $189 million over five years into the BEP. This funding will keep capital flowing, expand advisory supports and deepen research so more Black-owned businesses can start up, scale up and succeed.
In addition to its direct economic benefits, the renewed BEP will continue to advance the federal government's efforts to address anti-Black racism and break down systemic barriers, including by acting as a key economic initiative supporting Canada's Black Justice Strategy.
