Several components of the Black Entrepreneurship Program are now closed but the loan component, which provides loans of up to $250,000 to eligible businesses, remains open.

A partnership between the Government of Canada, Black-led business organizations and financial institutions, the program is investing up to $265 million over four years.

In a statement, the administering Atlantic Canada Opportunities Agency said that ACOA has adapted its approach to the sectors it supports as a result of the pandemic with specific emphasis on digitization, the workforce of the future, the  green economy and inclusion.

“While the pandemic has had significant impacts in key sectors of Atlantic Canada, companies are capitalizing on new realities to digitize, automate, diversify and attract new talent…,” the statement said.

Disclosure: ACOA is a client of Entrevestor.