Canada made an investment of up to $4.8 million in women entrepreneurs and organizations supporting women entrepreneurs in Quebec. This funding is administered through Canada Economic Development for Quebec Regions.
Through the Women Entrepreneurship Fund, 21 women-owned or -led businesses will each receive an investment of up to $100,000 to help them grow their business and reach new export markets. This is a total investment of up to $2,080,000 in women entrepreneurs in Quebec.
Minister of Small Business and Export Promotion, Honourable Mary Ng said, “Our government believes that women’s economic empowerment is not just the right thing to do; it’s good for the bottom line. That’s why we launched the Women Entrepreneurship Strategy, a strategy that seeks to double the number of women-owned businesses by increasing their access to financing, networks and advice. It’s a smart investment with an economic and social return.”
In addition, Minister Bibeau announced the following WES Ecosystem Fund (Regional Stream) recipients:
- Association communautaire d’emprunt de Montréal (Microcrédit Montréal), will receive up to $1,461,000 to deliver adapted support services to help immigrant women develop their entrepreneurial skills.
- Youth Employment Services Foundation, located in Montréal, will receive up to $1,260,000 to support women of official language minority communities in all regions of Quebec in starting and growing their business.
The Women Entrepreneurship Strategy complements the Government of Canada’s efforts to advance gender equality. These efforts include addressing pay equity, providing more affordable child care and putting an end to gender-based violence.
The Women Entrepreneurship Strategy (WES) will help women start and grow their businesses by improving access to financing, talent, networks and expertise through an investment of nearly $2 billion. The strategy will help our government achieve its goal of doubling the number of majority women-owned businesses by 2025.