Lethbridge organization supporting Black-led businesses with help of federal funding
Global News
Black-owned businesses in Lethbridge will be getting a boost thanks to federal funding.
The BIPOC (Black, Indigenous, People of Colour) Foundation in Lethbridge, Alta., is one of two organizations receiving federal funding to support the growth of Black entrepreneurship in Alberta.
Edmonton’s Canadian Imperial Advantage is receiving $2.8-million while BIPOC Foundation is getting $2.6-million.
“We know that the Black population is our fastest growing population in western Canada, and we also know that Black entrepreneurs are under-represented on the national level,” said Minister responsible for Prairies Economic Development Canada Daniel Vandal.
“It’s something that is going to create jobs and diversify the economy in western Canada and Canada, for that matter.”
The funding is provided through the Black Entrepreneurship Program’s National Ecosystem Program.
Clement Esene, executive director of BIPOC Foundation, said the money will be going toward the organization’s Black Founders Hub to support Black-led businesses in Alberta, British Columbia, Saskatchewan and Manitoba, through the use of digital tools.
“It’s a 10-week accelerator program where the entrepreneurs will go through an intake process and they will get help with mentorship, they will get help with training, the right coaching,” he explained.
The non-profit will be able to assist Black-led businesses in accessing funding and connect with investors, something Esene said isn’t always an easy task.
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