What Is BAIDS?

BAIDS, short for Business Advisory Implementation Development Services, is a customized program designed to uplift and empower Black businesses that lack the resources and expertise to execute critical professional functions. From general advisory to the complexities of marketing, staffing, and tax law, the program serves as a lifeline for Black entrepreneurs, offering essential support today for long-term success tomorrow.

All program services are delivered by Black professionals and experts, ensuring all guidance is filtered through a Black lens and accounts for the unique challenges that Black businessowners face in today’s professional climate. Every BAIDS participant’s program experience is tailored to their specific needs, and all services and support are provided on a pro bono basis.

Through this approach – customized, cost-free, and culturally relevant professional development – BAIDS program participants will not only become compliant with all laws, rules, and regulations regarding business operation but also gain the skills and insights necessary to compete in the modern market.

Why BAIDS, Why Now?

Historically, small Black businesses have faced numerous challenges in establishing longevity, including systemic racism, lack of access to capital, and exclusion from influential networks. Since 2020, the COVID-19 pandemic has only exacerbated these inequities, making it even more difficult for Black entrepreneurs to gain their footing and survive in an unstable business climate.

With a long track record of supporting diversity in business, the Black Business and Professional Association (BBPA) identified an opening for specialized professional assistance that prioritized the needs of emergent Black talent. This resulted in BAIDS, a one-of-a-kind program created specifically for the Black community to help business leaders overcome both recent setbacks and more intrinsic societal biases.

BAIDS is also a critical part of the BBPA’s larger post-COVID-19 recovery strategy for Black businesses and professionals.

Who Is BAIDS For?

BAIDS specifically targets businessowners, entrepreneurs, and CEOs across Canada’s Black community. This nationwide program caters to small- and medium-scale businesses. Eligible companies can be family-owned or part of a franchise and can also be individually owned or run via a partnership.

Beyond technical requirements, BAIDS is for all Black businesses that have the zeal to scale up and thrive. Initially, the target cohort size is 150 businesses, but the final number of accepted applicants is dependent on funding.

How Will BAIDS Be Facilitated?

The BAIDS program will enlist seasoned experts across a wide variety of professional categories to deliver services and mentor program participants. These highly qualified professionals will work directly with business leaders to provide education and also perform evaluations and impact studies. Their efforts will serve to track, measure, and report on BAIDS’ outlined outcomes and Key Performance Indicators (KPIs).

BAIDS will provide program participants with services in the following areas:

  • Business Planning and Budgeting
  • Accounting and Bookkeeping
  • Auditing
  • Business Registration
  • Taxation (Individual and Corporate)
  • GST/HST Filing
  • T3010 Filing (Not-For-Profit and Charities)
  • Bank and/or Governmental Loan Applications
  • Annual Returns Filing
  • Loan Application
  • Marketing
  • Human Resources Management
  • Staffing
  • IT Implementation and Development
  • Operations Management
  • Referrals (to other professionals, i.e., Insurance coverage)
  • General Advisory