Canadian Prime Minister Justin Trudeau spoke Wednesday at Hxouse in Toronto, the office of the organization founded by The Weeknd and his longtime associates La Mar Taylor and Ahmed Ismail, to announce a major investment in a new national program to help Black Canadians get funding and business loans with national banks.
Trudeau announced investments of up to $220.9 million in partnership with Canadian financial institutions — including up to nearly $93 million from the Government of Canada over the next four years — to launch Canada’s first-ever Black Entrepreneurship Program. This program will help thousands of Black business owners and entrepreneurs across the country recover from this crisis and grow their businesses. The prime minister thanked The Weeknd, Taylor and Ismail in his opening remarks.
According to the announcement, the program will include:
- up to $53 million to develop and implement a new National Ecosystem Fund to support Black-led