The federal government is investing in the first-ever Black Entrepreneurship Program.
Prime Minister Justin Trudeau announced the $221-million fund Wednesday morning.
The fund will help to support black entrepreneurs access training, up to $250-thousand in business loans and create a Black Entrepreneurship Knowledge Hub.
The federal government will give $93-million over three years with the rest of the funding coming from Canada’s banks.
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Trudeau says the new program will help Black business people overcome longstanding discrimination and systemic racism.
***With files from Wendy Gray