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Finance

BDM covers finance-related topics about Black entrepreneurs getting access to funding from banks and other government-affiliated entities.

Wes Hall to be honoured with 2023 Nation Builder of the Year Award by The Empire Club of Canada

History & Achievements

Wes Hall to be honoured with 2023 Nation Builder of the Year Award by The Empire Club of Canada

Hall will receive the accolade at an exclusive event at 11:30 a.m. on Jan. 25 at the Arcadian Court in Toronto.

CEBA repayment deadline marks crossroads for Black small businesses amid economic uncertainty

CEBA repayment deadline marks crossroads for Black small businesses amid economic uncertainty

Seventy-five per cent of businesses owned by a visible minority applied for a CEBA loan, compared with 65 per cent of all companies.

BlackRock buys Black-owned infrastructure firm GIP in $12.5B deal

BlackRock buys Black-owned infrastructure firm GIP in $12.5B deal

The strategic move propels the world's largest money manager into the upper echelons of investors specializing in long-term ventures within the energy, transportation, and digital infrastructure sectors.

4 Black-owned businesses receive nearly $3M in investment funds to spur growth

4 Black-owned businesses receive nearly $3M in investment funds to spur growth

Pepco, the parent company of Exelon, a large U.S. electricity generator and distributor based in Chicago, distributed the funding.

Black-owned Hive Wealth closes $3.4M seed round, launches new financial planning app

Black-owned Hive Wealth closes $3.4M seed round, launches new financial planning app

It features benchmarking and analytics, a retirement calculator, peer-to-peer learning modules, and short educational videos for professionals in startups, entrepreneurs, or independent contractors.

VC Include receives $50K to support Black entrepreneurs

VC Include receives $50K to support Black entrepreneurs

VC Include, based in western Washington, leads a climate justice initiative that provides capital to historically underrepresented emerging managers in private equity, venture capital, impact, and public market funds.

Black-led Base 10 among several VCs to invest in back office solution Every.io

Black-led Base 10 among several VCs to invest in back office solution Every.io

Base10 is a San Francisco-based venture capital fund that invests in companies automating real economy sectors, including transportation, healthcare, retail, logistics, and construction.

InfinitiGuard Security among five Black-owned businesses to receive $20K from Canadian law firm

InfinitiGuard Security among five Black-owned businesses to receive $20K from Canadian law firm

The Black-Owned Small Business Grant has awarded over $432,000 over the last four years.

Black tech entrepreneur using AI to create menu photos for restaurants, boosting mobile delivery sales

Black tech entrepreneur using AI to create menu photos for restaurants, boosting mobile delivery sales

Micah Berkley, a Black tech entrepreneur and consultant, is harnessing the capabilities of artificial intelligence (AI) to revolutionize the branding industry

Ontario investing $15 million in program to support Black entrepreneurs

Ontario investing $15 million in program to support Black entrepreneurs

The program expects to prepare more than 1,200 Indigenous, Black and other racialized entrepreneurs, including 450 entrepreneurs, in 2023–24.

RICE receives $1.5M investment from Wells Fargo

RICE receives $1.5M investment from Wells Fargo

The Russell Innovation Center for Entrepreneurs (RICE) has announced yet another investment — this time, a $1.5 million boost from Wells Fargo.

Black-owned Expert IEP wins $1M prize at Pharrell Williams' 2023 Demo Day

Black-owned Expert IEP wins $1M prize at Pharrell Williams' 2023 Demo Day

Other top prize winners include ECOMSPACES, a one-stop-shop for e-commerce solutions ranging from product photography to order fulfillment, and HBCU grand prize winner Monocle, a social e-reader that creates a community-focused reading experience, who were awarded $250,000 and $200,000.