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Subjects: WOM, ASI, SBS, CFG

The Honourable Mary Ng, Minister of Small Business and Export Promotion, announces federal investment of up to $2.1 million in woman-led businesses in Southern Ontario and the Asia Pacific Foundation of Canada


TORONTO, June 28, 2019 /CNW/ - The Government of Canada is advancing women's economic empowerment with the first ever Women Entrepreneurship Strategy, a $2-billion investment that seeks to double the number of women-owned businesses by 2025.

Today, Minister Ng joined the Consul General of Japan, local women entrepreneurs and business leaders to celebrate women's entrepreneurship in Canada and share how the federal government is helping women entrepreneurs succeed.

The Honourable Mary Ng, Minister of Small Business and Export Promotion, announced investments in four Southern Ontario businesses owned by women through the Women Entrepreneurship Fund. The successful recipients will each receive up to $100,000, which will help them innovate, grow, and access new markets.

The Honourable Mary Ng, Minister of Small Business and Export Promotion also announced an investment of up to $1.7 million dollars in the Asia Pacific Foundation of Canada through the Women Entrepreneurship Strategy's Ecosystem Fund. This will support the Asia Pacific Foundation of Canada's trade missions and special initiatives supporting women entrepreneurs interested in scaling by expanding into international markets in Asia.

The Women Entrepreneurship Strategy complements the Government of Canada's efforts to advance gender equality. These efforts include addressing pay equity, providing more affordable childcare and putting an end to gender-based violence.

Quotes

"Our government believes that women's economic empowerment is not just the right thing to do; it's good for the bottom line. That's why we launched the Women Entrepreneurship Strategy, a strategy that seeks to double the number of women-owned businesses by increasing their access to financing, networks and advice. It's a smart investment with an economic and social return."  
? The Honourable Mary Ng, Minister of Small Business and Export Promotion

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