The Liberal government has announced plans for a Black Entrepreneurship Program that will work with banks and other lending agencies to provide loans and other support for Black businesspeople. The program is supposed to address serious obstacles encountered by Black entrepreneurs in attempting to recover from the coronavirus pandemic, grow their businesses and start new ones. These obstacles include lack of access to capital, networks and mentoring. The reason Black entrepreneurs face these challenges more so than other businesspeople is supposed to be due to “systemic racism.” The government’s proposed solution: a special program targeting these entrepreneurs alone. As a Black businessman I should probably be thrilled by this. However, I am not. In fact, I oppose this and any other race-based preferential systems to address the challenges faced by Black entrepreneurs.
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