The federal government is investing $189 million to keep the Black Entrepreneurship Program going for another five years.

“When Black entrepreneurs can access capital, mentorship, and reliable data, they turn ideas into jobs and community prosperity.”

The initiative launched with $221 million in 2021 to provide funding and resources to Black entrepreneurs and small and medium-sized business owners. It provides financing, training, mentorship, and networking opportunities through three programs: the National Ecosystem Fund , the Black Entrepreneurship Loan Fund , and the Black Entrepreneurship Knowledge Hub ( BEKH ).

The renewed funding will keep capital flowing through the programs, expand its advisory support, and improve its data collection.

The federal government’s Regional Developm

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