Federation of African Canadian Economics (F.A.C.E.)

$15,900,000.00 CAD

≈ $0.38 for every person in Canada ≈ 205 Canadians' average pay for a year

Department: Innovation, Science and Economic Development Canada
Program: Small Business and Entrepreneurship Development Program
Recipient country: Canada
Fiscal year: 2022-2023
Agreement period: April 1, 2022 – March 31, 2026
Reference: ic:033-2021-2022-Q4-514016

Published purpose

Provide the Loan Fund Administrator funding for its operations to help the Board of Directors in its adjudicating, disbursing and servicing of loans to Black entrepreneurs and business owners.

In plain English AI-generated

This federal contribution funds the Federation of African Canadian Economics to administer a loan fund that adjudicates, disburses, and services loans for Black entrepreneurs and business owners in Canada.

Category: Other Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported August 3, 2026 from open.canada.ca Grants & Contributions