Federal funding for Black business owners a ‘beacon of hope’ — but there are barriers
By partnering with Business Development Bank of Canada and financial institutions, nearly $300 million in loans were made available through the program.
Fergus said the point of the program is to help Black Canadians to pursue entrepreneurship on the same footing as other Canadians.Story continues below advertisement Over the years, academics and advocates have pointed out the barriers Black people face navigating financial institutions.A 2021 study by the Canadian Black Chamber of Commerce, in partnership with the BDC, identified access to capital, skills for advertising and promotion and personal development and mentorship as the most pressing needs facing Black business owners.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal funding for Black entrepreneurs a ‘beacon of hope,’ though barriers persist | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Federal funding for Black entrepreneurs a 'beacon of hope,' though barriers persistLaunched in September 2020, Canada's Black Entrepreneurship Program is aimed at helping Black business owners overcome barriers they face navigating financial institutions and entrepreneurship in general. But academics and advocates point out the barriers Black people continue to face while interacting with these institutions.
Read more »
Federal funding for Black entrepreneurs a 'beacon of hope,' though barriers persistWhen Sean Whyte opened a fashion store in early 2020, he had no idea a global pandemic would force him to throw out his business plan within a couple of months.
Read more »
Media mogul, former National Arts Centre president Peter Herrndorf dies, family says | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
The Best Black TV Shows To Stream Right NowAs Black History Month continues, it’s important to shine a spotlight on the legacies of the Black trailblazers while also celebrating Black culture and Black joy. Besides award-winning movies, there are several TV shows that allow Black artists to shine. Here’s a list of shows to watch this month and throughout the year.
Read more »
Abu Dhabi National Oil Company to float 4% of its gas business in IPOADNOC Gas’s offering is set to be open from Feb. 23 to March 2 for institutional investors, while retail investors can subscribe until March 1
Read more »