The Black Entrepreneurship Alliance (BEA) has reached an exciting new milestone with the announcement of a $2.4 million investment from the Government of Canada through FedDev Ontario. The news was officially shared by Hon. Judy A. Sgro, underscoring the federal government’s continued commitment to supporting Black entrepreneurship, innovation, and economic empowerment across Canada.
The Black Entrepreneurship Alliance (BEA) has achieved a major milestone with the announcement of a $2.4 million investment from the Government of Canada through FedDev Ontario, officially announced by Hon. Judy A. Sgro. This investment underscores the government’s commitment to advancing Black entrepreneurship, innovation, and economic empowerment across Canada.
A Transformative Partnership
Built through the powerful collaboration of the Black Creek Community Health Centre and the York University TD Community Engagement Centre, the BEA provides vital resources, mentorship, and opportunities to support entrepreneurs in the Black community.
Proven Impact to Date
• Since its launch, the Black Entrepreneurship Alliance has:
• Supported 136 entrepreneurial ventures
• Generated more than $46 million in revenue
• Created 989 new jobs
• Raised over $7.3 million in capital
These results highlight the critical role BEA plays in fostering economic equity and ensuring Black-owned businesses have access to the tools needed for long-term growth.
More Than Just Funding
This $2.4M investment is more than a financial contribution—it represents an investment in equity, generational wealth, and economic empowerment. By providing resources and support, BEA is strengthening pathways for resilience, innovation, and sustainability in the Black business ecosystem.
Recognizing Leaders and Partners
Special recognition goes to Minister Evan Solomon, MP Judy Sgro, the BEA partners, and the broader community network for their role in making this achievement possible. Their dedication highlights the importance of collective action in driving meaningful change.
The Road Ahead
With this new investment, the Black Entrepreneurship Alliance is set to expand its reach, support more ventures, and build stronger foundations for Black entrepreneurs in Canada.
This is more than an initiative—it’s a movement to redefine the future of entrepreneurship through representation, opportunity, and empowerment.
📌 To learn more about BEA’s programs and updates, follow Black Entrepreneurship Alliance
Editor: Emmanuel Emmfo EMMANUEL Emmfo
