Grants and Contributions:

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Title:

1000062

Agreement Number:

1000062

Agreement Value:

$1,922,500.00

Agreement Date:

Apr 1, 2022 - Dec 31, 2024

Description:

Based in Hamilton, Empowerment Squared is a registered Canadian charitable organization dedicated to empowering newcomer, racialized and marginalized youth and communities. Empowerment Squared is recommended for a non-repayable contribution of up to $1,922,500 to enhance its services and build capacity to support Black business owners and entrepreneurs in the greater Hamilton and Windsor areas. Through the proposed project, Empowerment Squared will expand its organizational capacity and service offering, establish a consortium of professional services providers, mentors, facilitators and community advisors to offer networking events (in person and/or virtual), deliver professional development and skills training to Black business owners and entrepreneurs, including a customized matchmaking and mentorship program, a custom designed business essentials curriculum and targeted seminars, and create a Digital Hub to showcase success stories, and promote entrepreneurs in Black communities. The project has broad community support, including public and private funders, and is expected to leverage the participation of over 150 volunteers. The project will expand the organization’s reach through collaborations with new partners, and will strengthen the capacity of the Black entrepreneurship ecosystem in Ontario and Canada.

Organization:

Federal Economic Development Agency for Southern Ontario

Expected Results:

To support not-for-profit Black-led business organizations across Canada to develop new services or expand those they already offer such as mentorship, networking, financial planning, and business training for Black entrepreneurs.

Location:

HAMILTON, Ontario, CA L8E 4H8

Reference Number:

062-2021-2022-Q4-00066

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

806582896

Recipient Type:

Not-for-profit organization or charity

Recipient's Operating Name:

Empowerment Squared

Recipient's Legal Name:

GLOBAL CITIZENS CARE FOR UNDERPRIVILEGED AND REFUGEE EMPOWER

Federal Riding Name:

Hamilton East - Stoney Creek

Federal Riding Number:

35036

Program:

Black Entrepreneurship Ecosystem Fund

Program Purpose:

To strengthen the entrepreneurship ecosystem for Black entrepreneurs and business owners across Canada.

Coverage:

NAICS Code:

541611