Black Dollar Magazine

BLACK DOLLAR MAGAZINE

For Black entrepreneurs, creatives, decision-makers and executives

Sign up for FREE BDM newsletter
     

RESOURCES//BDM

Photo by My Networking Apparel / Unsplash

The Black Entrepreneurship Program (BEP) is a partnership between the Government of Canada, Black-led business organizations, and financial institutions. An investment of up to $265 million over four years will help Black Canadian business owners and entrepreneurs grow their businesses and succeed now and into the future.


RBC Royal Bank Branch in Edmonton, Alberta, Canada
Photo by Frugal Flyer / Unsplash

Businesses at every stage of start-up and growth can use ongoing support, guidance and resources to help them succeed. The RBC Small Business Navigator supports Black entrepreneurs by featuring practical resources, stories of resilience and financial advice to further the growth and management of their businesses.


Photo by PiggyBank / Unsplash

TD is committed to supporting the Black community at large — including Black entrepreneurs. The bank continues to invest in our customers to help address their unique financial needs and aspirations.


CIBC Retail Bank
Photo by PiggyBank / Unsplash

Apply for up to $250,000 in financing to help start, grow or take your business to the next level. Access expert advice and read inspiring stories from business owners like you.


BMO Branch Logo
Photo by PiggyBank / Unsplash

To bring business within reach for Black entrepreneurs, BMO is committed to championing the growth of Black-owned businesses. Learn more about the bank's comprehensive programs, partnerships and educational resources designed to help you thrive.


Scotiabank Logo
Photo by PiggyBank / Unsplash

Businesses that have a minimum black ownership of 50 per cent or more and annual sales up to $15,000,000 will be eligible to apply for loans under the program.


Photo by Christina @ wocintechchat.com / Unsplash

As part of its mandate to provide funding and capacity-building support for Canadian Black-led businesses, Black Opportunity Fund (BOF) has established the Black Entrepreneur Program to provide Canadian Black entrepreneurs who have been unable to access traditional funding from financial institutions with business education, financial literacy, skills training and support to help build their capacity and knowledge to operate successful, sustainable businesses.


Photo by My Networking Apparel / Unsplash

The BlackNorth Initiative is on a mission to end anti-Black systemic racism throughout all aspects of our lives by utilizing a business-first mindset.


Photo by Christina @ wocintechchat.com / Unsplash

The effects of systemic racism have long disenfranchised the Black entrepreneurial community. The Canadian Black Chamber of Commerce endeavours through this program and funded by the Government of Canada to “level the playing field” and provide start-up and established Black entrepreneurs with the support needed to help their businesses succeed. The effects of the pandemic have further highlighted the great need for this service in the Black community.


columns on montreal building
Photo by Etienne Martin / Unsplash

Black entrepreneurs are making a significant contribution to our communities and our economy, yet they face unique barriers that prevent them from achieving their full potential. BDC is here to help.


Business newspaper
Photo by Adeolu Eletu / Unsplash

The BBPA has been providing programs tailored to serve our community since 1986. It offers business classes, financial literacy, business readiness marketing, and much more.


Photo by Christina @ wocintechchat.com / Unsplash

The Black Business Initiative is committed to growing a stronger Black presence in Nova Scotia’s business community. It acts as a catalyst for job creation, equitable participation, and advancing the economic prosperity of Nova Scotia. In 1996, the Government of Canada and the Province of Nova Scotia founded the organization to address the unique needs confronting the Black business community in Nova Scotia.


Photo by Emilio Garcia / Unsplash

The Federation of African Canadian Economics (FACE) is a national and bilingual Black-led non-profit organization focused on providing resources and information to the Black community across Canada with the aim of accelerating wealth creation for Canadians of African descent. To be the catalyst for Black generational wealth creation, FACE has launched its Black Entrepreneurship Loan Fund, among other services, for all Canadians of African descent to see a better tomorrow.


Photo by Cytonn Photography / Unsplash

The Government of Canada offers grants, loans, and private and public sector financing. Please take advantage of the programs they have to provide.


💡
BLACK ENTREPRENEUR MENTAL HEALTH INITIATIVE
Photo by Siviwe Kapteyn / Unsplash

The Black Entrepreneur Mental Health Initiative (BEMHI) believes mental health services should be accessible to all. That's why BEMHI offers entrepreneurs and essential workers the opportunity to engage with culturally appropriate mental health supports and wellness sessions at no cost.

💡
BLACK ENTREPRENEURSHIP ALLIANCE
Elegant man with hot coffee
Photo by Adeolu Eletu / Unsplash

BCCHC's Black Entrepreneurship Alliance, funded by Canada's Federal Economic Development Agency for Southern Ontario, builds on the community leadership of Black Creek Community Health Center to support Black entrepreneurs and their success. Partners include York University, TD Community Engagement Centre, Startup Here Toronto, the City of Toronto, and YSpace.

The Canadian economy benefits from the efforts of black company owners and entrepreneurs. This program offers assistance in overcoming institutional racism and other barriers that may prohibit participants from establishing and expanding their enterprises.

The Black Creek community's Black entrepreneurs now have access to education and training opportunities to help establish an equal environment that fosters their success.