Money grows in Ontario!
Are you black and own a small business in Ontario? Blacks and Indigenous persons can receive a grant of up to $10,000 under the RAISE grant program if they apply before the December deadline.
The Racialized and Indigenous Supports for Entrepreneurs (RAISE) is a grant program (2023-24) that will provide access to business development training, culturally responsive and tailored business coaching, networking opportunities, and a one-time grant of $10,000 to support Indigenous, Black and other racialized entrepreneurs.
To be eligible for the program, applicants must be an Indigenous, Black or other racialized individual that owns a small business in Ontario and the business must be registered with the Canada Revenue Agency.
Once admitted into the program, participants must complete business development training and business coaching (including networking), and complete a Business Action Plan that is reviewed by the business coach and validated by the Government of Ontario prior to receiving the grant payment.
After completion of the program, participants will be required to submit a report-back confirming that they have used the entirety of the grant on eligible expenses related to their Business Action Plan. Participants will also be invited to take part in surveys and other evaluation methods to improve the quality of the program.
Applications for the program must be submitted on or before December 8, 2023, and follow the application guide.
