BDC

BDC Unveils $50M Fund to Empower Women Entrepreneurs Amid Canada’s Succession Shift

BDC Unveils $50M Fund to Empower Women Entrepreneurs Amid Canada’s Succession Shift

Ottawa (Rajeev Sharma): As Canada braces for a generational shift in business ownership, the Business Development Bank of Canada (BDC) is stepping in with a $50 million initiative aimed at helping women entrepreneurs acquire established companies from retiring owners. The newly launched Thrive Entrepreneurship Through Acquisition (ETA) Fund, managed by BDC Capital, is designed to provide both capital and strategic support to women looking to purchase and scale existing small and medium-sized enterprises (SMEs). The move comes in response to what experts are calling a “succession tsunami” — the anticipated exit of tens of thousands of business owners over the…
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