By Canadian Immigrant Magazine |
The fourth annual DIVERSEcity Entrepreneur & Small Business Fair is being held during Small Business Week, on Wednesday evening, October 23 at Surrey City Hall, BC. This is a great starting point for not only newcomers, but any emerging or new entrepreneur looking for information and inspiration to succeed.
Many newcomers turn to self-employment and entrepreneurship after arrival, with higher rates than Canadian-born people. According to Statistics Canada, immigrants are more likely to be business owners (5.8% vs. 4.8% for Canadian-born) and self-employed (10.8% vs. 7.5% for Canadian-born). Additional research from a decade-long study from Statistics Canada released in April 2019, found that immigrant-owned firms create more net jobs and have higher growth than businesses with owners born in Canada.
But, when starting off, many immigrants lack information on the local context of doing business; they are also missing established networks and a credit history. That’s why immigrant entrepreneurs need additional support to plan, launch and grow their business.
“It takes a lot for any immigrant to move their family and careers to Canada. However, the settlement journey, including finding employment, is not always smooth for everyone, so many new Canadians explore entrepreneurial possibilities,” says Florence Kao, coordinator of the Immigrant Entrepreneur Program at DIVERSEcity. “Especially for people with business experience from their home countries, they are eager to learn more about business in the Canadian context and explore business ideas. The DIVERSEcity Entrepreneur & Small Business Fair is a great place for any emerging entrepreneur to start!”
The free admission fair, presented by TD Bank and sponsored by BDC, will feature:
- Inspiring speakers and practical workshops, including keynote speaker Harry Narang
- Exhibitor booths of organizations who offer self-employment and small business information and resources, including Small Business BC, Newton BIA, Beta Collective, Community Futures, Futurpreneur, Telus, Neil Squire Society and more.
- One-on-one advice to help you get started on your entrepreneurial journey
- Business showcase of local immigrant entrepreneurs
- Presentation of three Immigrant Entrepreneur Grant Awards (value of $1,000 each) (chosen through an independent judging process after an application process)
Last year’s Immigrant Entrepreneur Grant Award winners will also be sharing their inspiring success stories at the event. For more information about the DIVERSEcity Entrepreneur & Small Business Fair, see www.dcrs.ca/entrepreneurfair.