The National FACE-to-FACE Tour Begins!

First stop: Ontario

Tiffany Callender, FACE CEO, is taking the Black Entrepreneurship Loan Fund discussion to:

• Brampton
• Hamilton
• Mississauga
• Toronto
• Windsor

Background:

FACE, a coalition of Black-led organizations, is dedicated to stimulating economic growth and creating generational wealth for Canadians of African descent. In 2020, FACE was created to address the needs of Black business owners and entrepreneurs who were economically devastated during the pandemic.

The Black Entrepreneurship Loan Fund, which is adjudicated by FACE, seeks to address the specific systemic barriers Black business owners have too often faced when seeking financing. It also demonstrates the government’s commitment to addressing these barriers with long-term solutions by co-developing programs to better support Black entrepreneurs on their road to success.

BAIDS is a program built through a realistic and cultural lens, to address the issues of race, lack of access to capital, information, and networks. All Black businesses, with the zeal to scale up and thrive, will have access to BAIDS and its resources. The program’s intended outcome is for black enterprises to become compliant with the rules and regulations, and legal framework of running and operating a business. To start, the target cohort size is 150 businesses.