Black Entrepreneurship Program Ecosystem Fund Receives $15.2 Million in Funding

The Honourable Eleanor Olszewski, Minister of Emergency Management and Community Resilience and Minister responsible for Prairies Economic Development Canada (PrairiesCan), has announced $15.2 million in funding over five years for the Black Entrepreneurship Program Ecosystem Fund on the Prairies. This funding will strengthen support for not-for-profit organizations that serve Black-led businesses and entrepreneurs. The Government of Canada is committed to reducing barriers for Black entrepreneurs and helping them gain better access to capital and achieve long-term success.

Key Takeaways:

• The Black Entrepreneurship Program Ecosystem Fund has received $15.2 million in funding over five years.
• The funding will support not-for-profit organizations that serve Black-led businesses and entrepreneurs on the Prairies.
• The Black Entrepreneurship Program has been extended with an additional $189 million in funding through 2030.
• Eligible organizations can seek funding through the Black Entrepreneurship Program Ecosystem Fund to expand services such as mentorship, networking, financial planning, and business training.
• Black-led not-for-profit organizations are eligible to apply for funding to develop or expand services for Black entrepreneurs.
• The PrairiesCan website can provide information on the fund and the application process.

Statistics:

• $15.2 million in funding over five years for the Black Entrepreneurship Program Ecosystem Fund.
• 5-year funding period.
• $189 million in additional funding through 2030 for the Black Entrepreneurship Program.
• 2025 - year the funding was announced.
• PrairiesCan website provides information on the fund and application process.

Sources:

• Government of Canada News (2)
• PrairiesCan website.