Province Renews Partnership with Black Business Initiative

first_img The provincial government is investing half-a-million dollars inthe African-Nova Scotian community. Economic Development Minister Ernest Fage announced the ongoingoperational support for the Black Business Initiative (BBI)today, June 23, as the fourth annual Black Business Summit getsunderway in Halifax. “Business is growing in the African-Nova Scotian community,adding to the rising number of businesses and jobs in every partof the province,” said Mr. Fage. “As part of our economic growthstrategy, the province will continue to help the BBI achieve itsgoal of building a dynamic presence within the Nova Scotiabusiness community.” “Our priority for the coming year and beyond will be businessretention and growth through partnerships, because they are thekey to sustainable economic development,” said Rustum Southwell,executive director of the BBI. “The agreements we’ve signed withother business organizations and the work we’ve done with theprovince to create new pools of capital for black-ownedbusinesses are excellent examples of how partnerships will ensureour success.” In addition to forming partnerships, the BBI’s staff of 10develops initiatives and supports clients through a variety ofdirect services. These include training, community-developmentprojects, and events and publications promoting awareness ofAfrican-Nova Scotian entrepreneurial activity and success. Loanfunds are also offered, including the BBI’s overwhelminglysuccessful Community Economic Development Investment Fund, whichrecently raised $130 thousand for investment in black-ownedbusinesses throughout the province. ECONOMIC DEVELOPMENT–Province Renews Partnership with BlackBusiness Initiativelast_img