$90,000 Investment in Racialized and Indigenous Entrepreneurs
May 21, 2024NORTH BAY – Vic Fedeli, MPP for Nipissing announced that the Ontario government is investing $90,000 into 9 local business through the Racialized and Indigenous Supports for Entrepreneurs (RAISE) 2023-24 program. The program provides access to business development training, culturally responsive and tailored business coaching, networking opportunities, and a one-time grant of $10,000 to support Indigenous, Black and other racialized entrepreneurs.
“Small businesses are the backbone of Nipissing and communities across Ontario. They play a critical role in helping foster stronger and more vibrant communities,” said MPP Vic Fedeli. “As we continue to build a stronger, more inclusive Ontario, the provincial investment into the RAISE program will ensure Indigenous, Black and other racialized entrepreneurs have the opportunities and resources needed to succeed and reach their full potential.”
Local recipients include:
- WhisBay Traders Ltd
- Bessette Contracting
- MATCHPRO SERVICES LTD.
- Hoss Notarkesh Executive Business Coaching
- Larki Canadian Immigration
- Modern Investing
- AcuWellness
- Good Atlas
- Prime Health Nurse Practitioner
To be eligible for the program, applicants must be an Indigenous, Black or other racialized individual that owns a small business in Ontario and the business must be registered with the Canada Revenue Agency. Once admitted into the program, participants must complete business development training and business coaching (including networking) and complete a Business Action Plan that is reviewed by the business coach and validated by the Government of Ontario prior to receiving the grant payment.
After completion of the program, participants will be required to submit a report-back confirming that they have used the entirety of the grant on eligible expenses related to their Business Action Plan. Participants will also be invited to take part in surveys and other evaluation methods to improve the quality of the program.
QUICK FACTS
- In April 2022, Ontario launched the new Ontario.ca/business website to create a single window to make it easier for business owners and entrepreneurs to access the information and services they need.
ADDITIONAL INFORMATION
- Ontario Expanding Economic Opportunity for Entrepreneurs
- Building a Stronger and More Inclusive Ontario: Ontario’s Anti-Racism Strategic Plan