Federation of African Canadian Economics (F.A.C.E.)
$37,000,000.00 CAD
≈ $0.89 for every person in Canada
≈ 478 Canadians' average pay for a year
- Program
- Black Entrepreneurship Program
- Recipient country
- Canada
- Fiscal year
- 2025-2026
- Agreement period
- February 4, 2026 – March 31, 2030
- Reference
- ic:033-2025-2026-Q4-515615
Published purpose
Provide the Loan Fund Administrator with funding to disburse loans to Black entrepreneurs and business owners.
In plain English AI-generated
This federal contribution provides $37 million to the Federation of African Canadian Economics to administer 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.
Community tags
Tags are applied by readers, not by this site. One tag per person per record.
Good value
Local impact
Needs context
Questionable
Success story
Wasteful
View official source record
Imported July 30, 2026 from open.canada.ca Grants & Contributions