FLR | How Black Business’ Help The Canadian Economy | Friday Leadership Report

Happy Friday,


August is Black-owned business month in Canada – an essential way to honour and recognize the challenges & opportunities of being a black business leader in Canada.


I had dinner with a couple of black business leaders & it was genuinely astounding to hear of some of the challenges that still exist in this day & age for people of colour.


According to a survey released in the fourth quarter of 2021 by StatsCan on Businesses recovering from COVID 19;


31.4% of Businesses majority-owned by visible minorities were more likely to face obstacles such as attracting new or returning customers vs (20.7 %) for the average Business.
29.7% change in consumer demand vs 22% for the average.
28.3%, maintaining sufficient cash flow vs 20% for the average.


My friends sharing their stories at dinner were real-time examples of these StatCan research surveys.


I’ve had a lot to process and digest since that memorable & inspiring dinner; while things are improving substantively, there are many new ways we can be more accepting and supportive of black business leaders in Canada.


This month, can I encourage you to support and affirm the black business leaders in your life and community? I am enclosing a great resource to identify black businesses in your community and online.




Along the road with you.




Two years after signing BlackNorth Initiative, majority of companies have failed to make substantial progress on diversity, survey shows | The Globe And Mail


Leadership Examples And Lessons From The First Black Army Secretary | Forbes


Business owner welcomes new program for Black entrepreneurs in northern Ontario | CBC


My black year: Maggie Anderson at TEDxGrandRapids