SASKATOON — The Government of Canada renewed its commitment to support local entrepreneurs and small businesses with additional funding to help grow in their respective fields.
Secretary of State for Small Business and Tourism Rechie Valdez, on Tuesday, May 19, announced that two Saskatchewan-based organizations will receive over $2.3 million in federal assistance. Valdez announced on behalf of the Minister responsible for Prairies Economic Development Canada (PrairiesCan), Eleanor Olszewski.
The Black Professionals and Entrepreneurs of Saskatchewan Inc. and the Coalition of Black Small & Medium Enterprises are the recipients, with the former receiving $1.4M and the latter $925,000.
BPES, represented by board chair Dr. Somto Ibezi, plans to expand access to entrepreneurship training, procurement opportunities and advanced digital skills for Black entrepreneurs in the province.
CoBSMEs CEO Yinka Adebule was present for their organization, with the money aimed at providing their members with targeted training, mentorship and networking opportunities.
Valdez said that the Liberal government came into office with a clear mandate to build Canada’s economy, making it one of the strongest in the G7 despite unfolding global challenges.
"These days are challenging times, whether that’s global uncertainty or the crisis in the Middle East, but our government remains committed to ensuring that we build the strongest economy. [US] tariffs and the war in the Middle East are creating pressure for Canadian businesses. We’re not standing by,” said Valdez
She added that community organizations play a key role in helping entrepreneurs access the practical supports and connections needed to grow their businesses, and that, working alongside PrairiesCan, this funding will create opportunities for about 800 entrepreneurs in the province.
Ibesi and Adebule welcomed the funding and thanked the federal government for believing in supporting their vision.
“This funding, BPES plans to deliver a procurement readiness program which is designed to educate, support and position black entrepreneurs within the supply chain ecosystem. Our incubator program will focus on nurturing, empowering, and advancing black entrepreneurs across Saskatchewan,” said Ibesi.
She added that BPES also has an AI and digital innovation program aimed at enhancing efficiency, productivity, and profitability for both emerging and established black-owned businesses.
Adebule, meanwhile, said that the funding demonstrated the federal government’s dedication to building a stronger, more inclusive economy in the country.
“The Government of Canada recognizes the vital role Black businesses play in building a strong and inclusive Canada. That is why this is a game‑changer for Black businesses in Saskatchewan,” he said.
“This funding enables CoBSMEs to continue implementing impactful programs that support the building, growth, and scaling of Black‑owned businesses across the province.”
