support
Black Entrepreneur Ecosystem
Kingston Economic Development Corporation is a proud supporter of the Black Entrepreneurship Ecosystem for Southeastern Ontario, a not-for-profit organization established to help spark the entrepreneurial spirit and to help accelerate the growth of Black-owned businesses in South Eastern Ontario. This organization was created out of a need to help identify, support, and create a set of programs to help both potential and existing Black entrepreneurs to flourish in their entrepreneurial endeavors.
Resources for Black Entrepreneurs
Kingston Economic Development supports all entrepreneurs in their ventures as they explore financial solutions, business training, advice and more. If you’re a Black entrepreneur looking to start or grow your own business please contact our office to help you on the road to success.
Apply for a loan of up to $250,000 with the RBC Black Entrepreneur Business Loan, available to eligible Black Entrepreneurs in Canada.
In collaboration with Futurpreneur, RBC is providing funding to offer financial solutions and mentorship to help young Black entrepreneurs aged 18-39 advance their businesses with the Black Entrepreneur Startup Program.
BMO’s program provides loans of up to $250,000 using specialized lending criteria. To bring business within reach for Black entrepreneurs, BMO is committed to championing the growth of Black-owned businesses. Learn more about BMO’s comprehensive programs, partnerships and educational resources designed to help you thrive.
Businesses that have minimum black ownership of 50% or more and annual sales up to $15,000,000 will be eligible to apply for loans under the Black-Led Business Financing Program.
Apply for up to $250,000 in financing with CIBC to help start, grow or take your business to the next level. Access expert advice and read inspiring stories from business owners like you.
The Black Innovation Connections program is a 3-month, track-based coaching program that puts high-potential Black founders on the fast track to success and prepares them for the DMZ Incubator. Much like the Incubator, this program is customized to meet each founder’s unique needs. Connections also provides founders with an added layer of support to address the additional business barriers that Black-owned companies often face, including a $5,000 business grant upon acceptance into the program.
To be the catalyst for Black generational wealth creation, the Federation of African Canadian Economics (FACE) has launched its Black Entrepreneurship Loan Fund among other services for all Canadians of African descent to see a better tomorrow.
BEMHI offers entrepreneurs and essential workers the opportunity to engage with culturally appropriate mental health supports and wellness sessions at no cost.
BKR Capital (formerly Black Innovation Capital) was built with the objective of investing in promising black founders in the technology space. They look to partner only where they can add value with hard-working and visionary entrepreneurs.
Contact Norman Musengimana
Business Development Manager,
Start-Ups & Entrepreneurship
613-544-2725 x 7222
Cell: 613-217-0932
musengimana@investkingston.ca
