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
However, Whyte said even the process of getting a loan through the Black Entrepreneurship Program has been challenging. Two years after funding was made available, he’s still trying to access a loan.
The association, which is a part of the “ecosystem” of organizations working with the federal government, has helped Whyte navigate the loan application process and provided financial planning resources. Nerissa Allen, the co-founder and president of the Black Business Association of British Columbia, said the program came at a time when the Black community was dealing with the “traumatic” murder of George Floyd, in addition to the pandemic.
On the East Coast in Halifax, Alfred Burgesson has also been involved with the program. As the founder and CEO of Tribe Network, his relatively new organization has been working with the federal government to provide networking opportunities for up-and-coming entrepreneurs.
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