Today's News |
Government of Canada Announces $85 Million in Funding for Women's Entrepreneurship (WES Ecosystem Fund)
Tuesday, October 9, 2018
The Women Entrepreneurship Strategy Ecosystem Fund will support women-owned and women-led businesses
Vancouver, BC, October 9, 2018--(T-Net)--The Government of Canada, joined by women entrepreneurs and leaders, announced last week the new WES Ecosystem Fund and participated in a panel on women's entrepreneurship.
The up to $85-million investment will help organizations address the barriers and challenges that women entrepreneurs face and deliver improved support and programs for women-owned and -led businesses.
The Women Entrepreneurship Strategy complements Government of Canada efforts to advance gender equality through addressing pay equity, introducing more affordable childcare and putting an end to gender-based violence, stated the government in its news release.
In Budget 2018, the federal government launched the first ever Women Entrepreneurship Strategy (WES), a $2-billion investment that seeks to double the number of women-owned and women-led businesses by 2025.
"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 and women-led businesses by increasing their access to financing, networks and advice. It's a smart investment with an economic and social return. I'm thrilled that the WES Ecosystem Fund will help foster women entrepreneurship from coast to coast to coast." stated The Honourable Mary Ng, Minister of Small Business and Export Promotion
"When we invest in women, we strengthen the economy for everyone. That is what our government is doing with the Women Entrepreneurship Strategy and the significant investment announced today during Gender Equality Week. By supporting women in business, we are growing our middle class and creating a thriving economy that benefits our sons and daughters. And we have a $150 billion reason to do this well because that's what we'll add to our GDP in less than a decade if we successfully take steps to advance equality, such as boosting women's participation in the workforce." said The Honourable Maryam Monsef, Minister of Status of Women.
Quick facts
Associated links
For further information: Mallory Clyne, Director of Communications, Office of the Minister of Small Business and Export Promotion, mallory.clyne@canada.ca; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, ic.mediarelations-mediasrelations.ic@canada.ca
Related Links
http://www.ic.gc.ca/eic/site/icgc.nsf/eng/home
Other Recent Company News |
||||||||||||||
|