Nadine Sparks, owner of Unity Wigs & Hair Services in Dartmouth, N.S., was just getting her business off the ground prior to the pandemic. She was gaining clientele, establishing her name in the community and things were really starting to come together.
Sparks has not been approved for any government funding during the pandemic, and her salon isn’t the only Black-owned business in that situation.
A group of Black executives is launching a new fund to invest in Black-controlled companies and organizations in Canada as a way to combat systemic racism.
The Black Opportunity Fund has “highly aspirational” goals for raising funds and will “meld investment capital and social capital together with philanthropy,” according to Ray Williams, managing director and vice chairman at National Bank Financial.
