CANADA HAS UNVEILED AID FOR BLACK-OWNED BUSINESSES AND ENTREPRENEURS
4 years 2 months ago #43
by KCA Admin
Ottawa - September 9 2020
Canadian Prime Minister Justin Trudeau today announced a new multi-million dollar program to help Black Canadians get business loans with national banks and said his government is looking at measures to tackle systemic racism in Canada.
The $221-million program will receive about $93 million from the federal government over the next four years and $128 million from eight financial institutions.
The Federal Government is deploying close to $33 million — along with funds from RBC, BMO Financial Group, Scotiabank, CIBC, National Bank, TD, Vancity, and Alterna Savings — to create a new Black entrepreneurship loan program which will provide Black entrepreneurs with loans between $25,000 and $250,000.
Another $53 million from the federal government will go toward helping entrepreneurs access funding, capital, mentorship, financial planning services and business training, while $6.5 million will go support collecting data on the state of Black entrepreneurship in Canada.
Learn more about the announcement and quick facts below: pm.gc.ca/en/news/news-releases/2020/09/0...reneurs-and-business
Ottawa - September 9 2020
Canadian Prime Minister Justin Trudeau today announced a new multi-million dollar program to help Black Canadians get business loans with national banks and said his government is looking at measures to tackle systemic racism in Canada.
The $221-million program will receive about $93 million from the federal government over the next four years and $128 million from eight financial institutions.
The Federal Government is deploying close to $33 million — along with funds from RBC, BMO Financial Group, Scotiabank, CIBC, National Bank, TD, Vancity, and Alterna Savings — to create a new Black entrepreneurship loan program which will provide Black entrepreneurs with loans between $25,000 and $250,000.
Another $53 million from the federal government will go toward helping entrepreneurs access funding, capital, mentorship, financial planning services and business training, while $6.5 million will go support collecting data on the state of Black entrepreneurship in Canada.
Learn more about the announcement and quick facts below: pm.gc.ca/en/news/news-releases/2020/09/0...reneurs-and-business
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