Federal funding for Black entrepreneurs a 'beacon of hope,' though barriers persist

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Federal funding for Black entrepreneurs a 'beacon of hope,' though barriers persist
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OTTAWA — When Sean Whyte opened a fashion store in early 2020, he had no idea a global pandemic would force him to throw out his business plan within a couple…

Whyte’s Kelowna business, Grey Hearts Denim, pivoted from selling a range of fashion attire to making denim face masks.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

The federal government also spent $53 million to create an ecosystem of Black-led non-profit organizations to provide support and financial planning services to entrepreneurs. “We can make mistakes, that’s OK. Everybody makes mistakes. I’m just saying, give us a chance to make mistakes at the same level ,” he said.

However, Whyte said even the process of getting a loan through the Black Entrepreneurship Program has been challenging. Two years after funding was made available, he’s still trying to access a loan. “It’s meant the world and it’s been the difference probably between me not being here and being here,” said Whyte, who now operates both in a brick-and-mortar store and online.

On the East Coast in Halifax, Alfred Burgesson has also been involved with the program. As the founder and CEO of Tribe Network, his relatively new organization has been working with the federal government to provide networking opportunities for up-and-coming entrepreneurs.

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