Grants and Contributions:
Title:
514016
Agreement Number:
514016
Agreement Value:
$19,875,000.00
Agreement Date:
Apr 1, 2022 - Mar 31, 2026
Description:
Provide the Loan Fund Administrator funding for its operations to help the Board of Directors in its adjudicating, disbursing and servicing of loans to Black entrepreneurs and business owners.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
Canadian small businesses and entrepreneurs, particularly equity
deserving groups:
(Short-term) have access to programs and services to start, maintain
and grow their businesses, and are aware of the supports and
partnerships available to them;
(Medium-term) receive support to start and grow their businesses;
(Long-term) sustain their businesses, and an overall increased
participation of entrepreneurs from equity deserving groups in
entrepreneurship and SMEs'
Location:
Montreal, Quebec, CA H1Z2K4
Reference Number:
033-2021-2022-Q4-514016
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
784339947
Recipient Type:
Not-for-profit organization or charity
Additional Information:
2022/23 to 2025/26,
Amendment Date
Mar 13, 2025
Recipient's Operating Name:
Federation of African Canadian Economics (F.A.C.E.)
Recipient's Legal Name:
Federation of African Canadian Economics (F.A.C.E.)
Federal Riding Name:
Papineau
Federal Riding Number:
24055
Program:
Small Business and Entrepreneurship Development Program
Program Purpose:
Funding to ensure small businesses and entrepreneurs, including equity
deserving groups, have an equal opportunity for economic growth and
recovery.
NAICS Code:
810000
Amendments: