Black owned business initiatives | EDC

Broadening the reach of Black entrepreneurs

Although the number of Canadian Black-owned businesses has grown to an estimated 144,980, the variety of sectors in which they operate hasn’t expanded as significantly. Francisque says while there are some examples of Black innovation in sectors, like technology and health, there are just as many cases where the businesses find better financing in the U.S. market.

“I see businesses that are ready to take off and unless they have a founder rooted in Canada, wanting to grow in Canada for Canada, they are at risk of . . .