Black business owners raise concerns about government loan fund

This has echoes of the WE Charity political scandal given the sole source process followed with an organization close to the PM (his riding), an untested organization in program delivery, and complaints by applicants regarding the program requirements.

Will be interesting to see the results one year from now in terms of disbursements and areas of activity, and at the five year program evaluation benchmark.

And while I always welcome more information of the demographics of applicants, this does seem overly intrusive:

Some Black businesspeople say a new government program meant to bolster Black entrepreneurship is hard to access, offers unclear repayment terms and asks invasive questions about applicants’ sexuality.

The Black Entrepreneurship Loan Fund was announced in September by Prime Minister Justin Trudeau. Its application portal launched late last month.

The $291.3 million program offers loans of up to $250,000 to businesses that are majority Black-owned. Black entrepreneurs starting companies or operating existing small businesses can also apply for funding.

Source: Black business owners raise concerns about government loan fund

About Andrew
Andrew blogs and tweets public policy issues, particularly the relationship between the political and bureaucratic levels, citizenship and multiculturalism. His latest book, Policy Arrogance or Innocent Bias, recounts his experience as a senior public servant in this area.

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