FACE and TD connect on “Propelling Black Entrepreneurship Program”
The Federation of African Canadian Economics (FACE), broke boundaries by offering its Black Entrepreneurship Loan Fund, and has now partnered with TD Bank Group (TD) to create a new “Propelling Black Entrepreneurship Program.” Launching in April 2023, the initiative will provide training, financial tools, mentorship opportunities, and access to FACE’s regional partners and service providers. Entrepreneurs will also have the opportunity to take part in quarterly virtual or in-person training sessions focused on getting the financing needed from lenders to build their business. Additional support will focus on the development of business plans and tax filings, with the aim of creating stronger applications and a significant increase in the likelihood of accessing much-needed funding. In addition, TD has committed 50 grants valued $2,500 – $5,000, to Black entrepreneurs across the country.
To learn more about the “Propelling Black Entrepreneurship Program,” including how to apply, visit FACE’s website. Since 2021, FACE has raised $160 million in capital, dispersing $21.7M of that to help grow the next generation of Black Canadian entrepreneurs.
The Durham Region Association of Black Professionals & Entrepreneurs (DRABPE) is proud to highlight FACE’s efforts to remove barriers Black entrepreneurs face in creating generational wealth. Sharing FACE’s goal of supporting Black-owned businesses, we offer professional development and skills training, mentorship opportunities, and a forum for Black professionals and entrepreneurs to network and share resources. While DRABPE’s focus is on the Durham Region of Ontario, we believe our greater mission is to empower Black entrepreneurs, professionals, and business owners all over Canada and beyond.