Employee Ownership Trusts now law, make it easier for Canadian business owners to share wealth with employees

Why It Matters

When outside interests take over a small or medium business, manager positions are usually the first to be cut, removing large salaries from communities. Often, the business is purchased then closed, leaving holes in the community. Employee Ownership Trusts help businesses stay in local communities when a business has no successor, and contribute to employee retention and financial wealth.

WEBINAR REPLAY: Canadian Black entrepreneurs should create the next Google / Les entrepreneurs noirs canadiens devraient créer le prochain Google

Why It Matters

Il n'existe qu'un seul fonds canadien, BKR, pour financer l'entrepreneuriat noir dans le domaine de la technologie. Lorsqu'ils obtiennent un financement, les entrepreneurs noirs reçoivent des prêts, rarement des fonds propres. Le Québécois Wils Theagene estime qu'il est urgent de changer de système et de créer une véritable chaîne de financement pour les entrepreneurs de la communauté noire. There is only one Canadian fund, BKR, to finance Black entrepreneurship in technology. When they get funding, Black entrepreneurs receive loans, rarely equity. Quebec's Wils Theagene sees a pressing need for a system change, creating a real financing chain for entrepreneurs from the Black community.

Mindset more valuable than skillset when it comes to a career in social finance

Why It Matters

Canada’s $755 million Social Finance Fund has the potential to accelerate the growth of Canada’s social finance market. Will there be enough skilled people to support it?