The federal government is pledging millions of dollars to support Black entrepreneurs in Southern Ontario.
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) says it will invest $2.4 million in Toronto’s Black Creek Community Health Centre to support the Black Entrepreneurship Alliance’s (BEA) incubator programs.
The renewed federal investment will support the addition of new BEA programs, including an 11-week business process improvement training program and a 12-week program helping businesses become export-ready, according to FedDev. The funding will also support an annual forum for Black-led businesses to share new ideas.
“Black entrepreneurs are a testament to Canadian ingenuity, and their success is integral to Canada’s future prosperity,” artificial int