Black Business Initiative Announces Succession Plan: Matthew Martel to Succeed Rustum Southwell as CEO

Halifax, NS – On April 27, 2023, Rustum Southwell, the CEO of the Black Business Initiative (BBI), announced his retirement after 25 years of successfully leading the organization. Matthew Martel, the current Chief Operating Officer of BBI, will succeed Southwell, effective May 1, 2023. The transition plan for the new CEO is already in place to ensure a seamless transfer …

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CBCC Launches #BlackFoodEnergy Entrepreneurship Accelerator with DoorDash: Supporting Black-Owned Food Businesses in Greater Toronto Area

The Canadian Black Chamber of Commerce (CBCC) has partnered with DoorDash and Spring Activator to launch the #BlackFoodEnergy Entrepreneurship Accelerator. The ten-week program aims to support Black-owned and operated food businesses in the Greater Toronto Area by addressing day-to-day business challenges. It is also backed by the Federal Economic Development Agency for Southern Ontario (FedDev). The accelerator program offers a …

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Canada’s Growing Black-Owned Businesses: Statistics and Challenges

Canada’s Black-owned businesses are on the rise, with a recent study by Statistics Canada | Statistique Canada estimating 66,880 Black business owners in the country in 2018. Representing 2.1% of all business owners, the majority of Black business owners were men (70.4%), immigrants (61.4%), and based in Ontario (50.6%) or Quebec (23.3%). With increasing proportions of Black people among incorporated …

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