NEWS RELEASE
MONTREAL, August 11, 2021
The Honorable Steven Guilbeault announces financial assistance for Groupe 3737 and the Afro-Entrepreneurs Fund, two non-profit organizations run by members of black communities in Montreal.
Black-Canadian business owners and entrepreneurs make important contributions to the Canadian economy, yet they continue to face systemic racism and obstacles in starting and growing their businesses. This has been further exacerbated by the COVID-19 pandemic. The Government of Canada is working to address long-standing barriers with its first-ever Black Entrepreneurship Program (BEP)—an over $400 million investment to support the long-term success of Black entrepreneurs and business owners.
Today, The Honorable Steven Guilbeault, Minister of Canadian Heritage and Member of Parliament for Laurier – Sainte-Marie, accompanied by Emmanuel Dubourg, Member of Parliament for Bourassa, today announced, on behalf of the Honorable Mary Ng, Minister of Small Business, of Export Promotion and International Trade, that two organizations will receive $ 7,981,376 under the National Ecosystem Fund in Montreal.
Fonds Afro-Entrepreneurs in the ridding of Minister Guilbeault (Laurier--Sainte-Marie):
Groupe 3737 (FACE member) in the ridding of Prime Minister Justin Trudeau (Papineau):
The support is provided through the National Ecosystem Fund, which was created to strengthen the entrepreneurship ecosystem for Black entrepreneurs and business owners across Canada.
Quotes
“Black Canadian business owners and entrepreneurs make significant contributions to the Canadian economy and to communities around them, but continue to face systemic barriers. This investment to support Groupe 3737 and the Fonds Afro-Entrepreneurs of Montreal is an important step in helping entrepreneurs and business owners in black communities. The National Ecosystem Fund will support Black-led business organizations across the country so that they can better access capital, and offer mentoring, financial planning services, and business training to entrepreneurs and business owners. This is just one part of our whole-of-government approach to taking action against anti-Black racism.”
“Through the National Ecosystem Fund, the Groupe 3737 and the Fonds Afro-Entrepreneurs will be able to expand existing initiatives or create new ones and provide critical support, services, and resources to Black Entrepreneurs and businesses in INSERT REGION. This important investment is another example of our government’s commitment to diversity and inclusion, while working to address systemic racism against Black Canadians.”
“I am delighted that with the help of our government, the Fond Afro-Entrepreneurs, located in my riding of Laurier – Sainte-Marie, but whose action affects entrepreneurs throughout Quebec, as well as the 3737 Group will be able to strengthen their services. Many entrepreneurs and businesses in black communities will benefit. "
"Thanks to the National Ecosystem Fund, the Afro-Entrepreneurs Fund will be able to develop tailor-made support so that the start-up and growth projects of entrepreneurs from black communities have the most efficient tools to ensure the sustainability, and the creation of quality jobs in their business. The need for this need arises from the findings of the Afro-entrepreneurs Fund, and its partner Filaction, in the financing and support of community businesses since 2008."
“The Black Communities Entrepreneurship Program is an important step in not only opening up capital, innovation and value-added job creation by black entrepreneurs and business owners in Canada, but also in all that relates to the support in coaching, mentoring and other supports essential to the entrepreneurs of this community. Synergistically with the other components of the Program, the Ecosystem Fund will allow organizations that support black entrepreneurs to improve their services and concretely strengthen the economic development engine that entrepreneurs represent. ) s black. Groupe 3737 is pleased to continue this important work alongside the federal government, which began in 2020 with the establishment and formalization of the Black Communities Entrepreneurship Program. "
Quick facts
Associated links
Contacts
Alice Hansen
Press Secretary
Office of the Minister of Small Business, Export Promotion and International Trade
613-612-0482
[email protected]
Groupe 3737
Rose Carlie Mars
514-544-3737
[email protected]
Fonds Afro-Entrepreneurs
Jaël Elysée
514-525-2042
[email protected]