Black Canadian entrepreneurs are essential contributors to the nation’s economy, generating over $3 billion annually. Despite their resilience and innovation, they face unique challenges that demand focused attention. CEBS Vision-2030 is stepping in to bridge the gaps and create opportunities for Black-owned businesses to thrive.
Black entrepreneurs often encounter structural challenges such as limited access to capital and underrepresentation in key industries. Statistics show that Black Canadians receive less than 2% of small business loans, hindering their ability to grow and scale businesses.
To address these issues, federal initiatives like the Black Entrepreneurship Program offer grants, loans, and mentorship to help entrepreneurs overcome systemic hurdles.
The African-Caribbean-Black Canadians Entrepreneurship & Business School Vision-2030 (ACB-CEBS Vision-2030) is a transformative program offering accessible, MBA-style training. This initiative equips Black entrepreneurs with essential business skills to compete in high-growth sectors like tech and finance.
By fostering collaborations with organizations like the Business Development Bank of Canada (BDC) and the Trade Commissioner Service (TCS), CEBS Vision-2030 expands trade opportunities and helps Black entrepreneurs tap into international markets.
CEBS Vision-2030’s ultimate goal is to increase Black-owned businesses’ GDP contribution to $6-10 billion by 2030. Through targeted support, training, and funding, this initiative empowers Black entrepreneurs to build sustainable ventures that contribute to a more inclusive economy.