Asks the federal government to make the Black Entrepreneurship Program permanent with stable, multi-year funding. It also asks that the program's Ecosystem Fund, Loan Fund and Knowledge Hub be funded at levels that match demand, that outcomes be reported publicly, and that a Portfolio Management Office be supported to coordinate Black-led business organizations.
Asks the federal government to make the Black Entrepreneurship Program permanent with stable, multi-year funding. It also asks that the program's Ecosystem Fund, Loan Fund and Knowledge Hub be funded at levels that match demand, that outcomes be reported publicly, and that a Portfolio Management Office be supported to coordinate Black-led business organizations.
Sponsored by Amandeep Sodhi (Brampton Centre) · Liberal
Black entrepreneurs could have more predictable access to loans, mentorship and training, with fewer gaps in service between funding cycles. Federal spending would become an ongoing commitment to a program aimed at one community.
The full petition text
Black entrepreneurs in Canada continue to face well-documented barriers to accessing capital, networks and business support;
Since 2021, the Black Entrepreneurship Program has supported more than 24,000 Black entrepreneurs, and its Loan Fund has approved 801 loans worth more than $70.6 million. Yet it has not been made permanent dispite promises made in campaigns;
The Program's Ecosystem Fund enables trusted Black-led, community-based organizations to deliver mentorship, training, financial coaching and advisory services across the country;
The Program relies on time-limited funding cycles, most recently $189 million for 2025 to 2030, and gaps between cycles disrupt services, cost organizations skilled staff and stall entrepreneurs' progress; and
Stable investment in Black-owned businesses creates jobs, expands the tax base and strengthens Canada's economic resilience.
We, the undersigned,citizens and residents of Canada, call upon theGovernment of Canadato1. Make the Black Entrepreneurship Program a permanent program with ongoing, stable funding; 2. Maintain all three pillars of the Program, the Ecosystem Fund, the Loan Fund and the Knowledge Hub, at funding levels that reflect demand; 3. Provide Black-led delivery organizations with predictable multi-year funding agreements and timely decisions to prevent gaps in service; 4. Report publicly on the Program's outcomes to measure its long-term impact on Black entrepreneurship in Canada; and 5. Support the Black Entrepreneurship Ecosystem Coalition in establishing a Portfolio Management Office to coordinate delivery among Black-led business organizations.
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