Especially due to the impact of COVID-19 and historical systemic racism on small Black businesses across Canada, the BBPA has taken the lead in creating the BAIDS program to enable small Black businesses to succeed. During and post-COVID-19, BAIDS is a one-of-a-kind program for the community, as it is a platform built through a realistic and cultural lens, to address the issues of race, lack of access to capital, information and networks, just to mention a few.
This is part of the BBPA post-COVID-19 recovery strategy and plan for Black businesses and professionals.
The Business Advisory Implementation Development Services (BAIDS) is a bespoke program which is all inclusive and is designed to provide expert help to Black businesses who do not have the resources and or the expertise to perform the services. Effectively the participants will receive pro bono services and support from the BBPA. However, in reality, the BBPA will engage professionals at a fee to deliver the services.
The program is delivered by Black professionals and experts through a Black lens as it applies to the Black business and professional businesses.
The outcome of this program for black businesses is that they will become compliant with the rules and regulations, and legal framework of running and operating a business.
BAIDS is designed for business owners, entrepreneurs and CEOs across the Black community in Canada. It is a nationwide program that will cater to small and medium scale businesses, single-owned or partnerships, family-owned or franchise. All Black businesses, with the zeal to scale up and thrive, will have access to BAIDS and its resources. Initially, the target cohort size is 150 businesses and is dependent on funding.
Seasoned experts in the various professional fields covered in the BAIDS program will be employed to deliver the services and mentor the businesses. Expression of interest will be solicited from qualified professionals to facilitate the delivery of the program, as well as to perform evaluations and impact studies to track, measure and report on the outlined outcomes and Key Performance Indicators (KPIs).
The BAIDS Program will provide participants with the following;
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