On October 20, 2025, the Honourable Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism), announced a renewed federal investment of $189 million to support Black entrepreneurs across Canada. The announcement, made in Toronto as part of Small Business Week, marks a continuation of the government’s Black Entrepreneurship Program (BEP), first launched in 2021.
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The Government of Canada has announced a $189 million renewal of the Black Entrepreneurship Program, aimed at expanding funding, research, and mentorship opportunities for Black business owners nationwide. The investment aims to enhance access to capital, strengthen support networks, and sustain progress toward achieving economic inclusion.
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