Building on the success of the first Grant Program earlier this year in partnership with IFundWomen, Visa awarded another ten Canadian women entrepreneurs with $10,000each and coaching to recover, grow and expand their businesses
TORONTO, Sept. 23, 2021 /CNW/ – Today, Visa Canada announced another round of recipients of its She’s Next Grant Program in Canada to boost women entrepreneurship, aiding in COVID-19 recovery and empowering growth and innovation. In collaboration with IFundWomen, ten additional Canadian women entrepreneurs each received a grant of $10,000 CAD and one-year business coaching to support, grow and expand their businesses.
Small businesses, especially those run by women, continue to struggle because of the pandemic, with the Canadian Federation of Independent Business (CFIB) estimating that total debt held by small businesses in Canada is $139 billion.i Many businesses find themselves in a tough position because sales haven’t bounced back to where they were pre-pandemic, and…
according to Visa’s 5th edition of the Back to Business global study, 2 in 5 Canadian small businesses think challenges caused by the pandemic will outlast the pandemic itself. Grant programs can help with this, offering financial support, while also fueling growth and innovation.
“Aiding in small business recovery and empowering entrepreneurs to keep growing and innovating is critical right now as we continue to live in a pandemic-challenged world,” said Stacey Madge, president and country manager, Visa Canada.
“When it comes to where to shop, Canadians prioritize shopping locally, and now more than ever, appreciate what each small business brings to their communities. That’s why we have an ongoing commitment to them, particularly women-led businesses that have been disproportionately impacted during the pandemic.
We congratulate the ten women entrepreneurs selected, they come from all sorts of backgrounds and industries, and truly are an inspiration.” “We thank Visa for their continued support of women entrepreneurs across Canada,” said Karen Cahn, Founder & CEO at IFundWomen…
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