Grants and Contributions:
Title:
515615
Agreement Number:
515615
Agreement Value:
$37,000,000.00
Agreement Date:
Feb 4, 2026 - Mar 31, 2030
Description:
Provide the Loan Fund Administrator with funding to disburse loans to Black entrepreneurs and business owners.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
Black entrepreneurs have access to support services, including loan capital, to start and grow their businesses. Black entrepreneurs are supported to start and grow their businesses.The number of Black-owned businesses in Canada grows
Location:
Montreal, Quebec, CA H2J 2L1
Reference Number:
033-2025-2026-Q4-515615
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
784339947
Recipient Type:
Not-for-profit organization or charity
Additional Information:
2025/26 to 2029/30,
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:
Black Entrepreneurship Program
Program Purpose:
The Black Entrepreneurship Program will help Black Canadian business owners and entrepreneurs grow their businesses and succeed now and into the future.
NAICS Code:
523900