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BDC commits $250M to help Indigenous and Black-led businesses – Toronto Star

June 19, 2024

MONTREAL – The Business Development Bank of Canada is committing $250 million to help Indigenous and Black-led businesses.

The money comes as BDC also creates a new inclusive entrepreneurship team.

The Crown corporation says it is launching a $50-million program that will provide loans, plus training, for businesses that are majority-owned by women, Indigenous and Black entrepreneurs and have revenues under $3 million.

BDC Capital is also launching two new $100-million funds to support Indigenous and Black-led businesses.

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