Funds Boost Black Entrepreneurs in Southern Ontario

Federal Economic Development Agency for Southern Ontario

Eligible organizations can now apply to the Black Entrepreneurship Program Ecosystem Fund to strengthen their services for Black entrepreneurs and businesses to build a stronger economy

The Government of Canada is focused on reducing barriers for Black Canadian entrepreneurs, helping them gain better access to capital and achieve long-term success for economic development and prosperity.

Today, the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced that funding for eligible southern Ontario organizations is now available through the Black Entrepreneurship Program (BEP) Ecosystem Fund.

The Ecosystem Fund is a core component of the BEP. This renewed investment provides support for not-for-profit organizations to develop new or expand services such as mentorship, networking, financial planning and business training. With funding through 2030, the Ecosystem Fund will continue to support Black-led not-for-profit organizations in empowering Black entrepreneurs and businesses in southern Ontario to grow their companies now and into the future.

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