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Canada Invests $189M to Boost Black Entrepreneurship Program

10/21/2025

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Summary

Story summary

The Government of Canada announced a $189 million extension of the Black Entrepreneurship Program (BEP) for 2025–2030.
Minister Rechie Valdez said the renewal expands BEP, building on the 2021 program.
The renewal designates $67 million for loans and $105.4 million for regional development.
The BEP has assisted over 24,000 Black entrepreneurs.
Tiffany Callender, co-founder of FACE, said the support helps overcome barriers and sustain Black businesses.

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Story summary

The Government of Canada announced a $189 million extension of the Black Entrepreneurship Program (BEP) for 2025–2030.
Minister Rechie Valdez said the renewal expands BEP, building on the 2021 program.
The renewal designates $67 million for loans and $105.4 million for regional development.
The BEP has assisted over 24,000 Black entrepreneurs.
Tiffany Callender, co-founder of FACE, said the support helps overcome barriers and sustain Black businesses.