The Federation of African Canadian Economics, or FACE, recently celebrated the first anniversary of its founding, capping off a year in which it provided financial backing to businesses, including some on the East Coast.
Toronto-based FACE offers training and networking events for black entrepreneurs, as well as running a loan program that has so-far given out about $19 million to black-owned small and medium-sized enterprises. In total, FACE has earmarked more than $155 million that it will eventually distribute as loans, as well as another $5 million for smaller "micro-loans."
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