Black Business to population ratio in Canada
Thanks to Tropicana Community Services, https://tropicanacommunity.org/, and the Government of Canada SBCCI program for sponsoring the September 28, 2023, conference entitled:” Growing beyond Grassroots” at the Hilton Hotel, Toronto, Ontario.
Labour Market Research and Data presentation: By: Dr. Cleophas Justine Pierre (Labour Market and Migration Consultant)
Results from the first-ever Black Rapid Labour Marker Needs Assessment in Canada.
There has never been a Black Labour Market Needs Assessment in Canada’s history (1867 to 2022).
According to Statistics Canada, there are approximately 1.5 million Black people in Canada, with about 147,000 self-identified combined Black Business owners and Black Self-employed (2022).
The Dependence ratio of Black people in Canada is approximately 40%.
The average age of a Black person in Canada is 29.8 when compared with the general population of 41.2. (Most Black people are young and unemployed.)
However, for this exercise, we are focusing on Black employers…
The Black Business population was estimated at 27,640 businesses (July 2022) and 78,316 Black Business owners. ( Approximately 2.8 Black business owners per Business).
86% of all Black #Businesses in Canada are Nano firms with less than three employees, and most of them are based in Ontario (over 50%).
The Business-to-population ratio (BPR) for Black people in Canada is 2.6%. Compared with a business-to-population ratio of 10.12% of the general Canadian population.
The average Business to population ratio in the USA is 18.6%. However, when we isolate the 17 wealthiest states in the USA, the BPR is 28.6%
As Black people in Canada, this means we cannot employ our children because we do not have enough Black businesses to use their resources. This is one of the main reasons we have so much unemployment and underemployment in our community.
We need more Black Labour Market Consultants and better Black researchers who would conduct research in the interest of Black Canadians.
We also need 60,000 Black businesses in Canada by 2028, with an average of 5 employees. This goal would create perfect employment in the Black community.
This is what data can do from our Applied Intelligence model!!
Perfect employment goal for 2028( 60,000 Black Businesses X 2.8 Business owners to Black businesses = 168,000 Black business owners. Plus 60,000 Black business times, five employees per business = 300,000 employees. ( 300,000 + 168,000 = 468,000 Black people employed. (Perfect employment by 2028)
To make decisions, you need data, and at Dunn Pierre Barnett and Company, Canada Ltd, we have the evidence, and we have the largest database on Black people worldwide, including Canada. (Over 80 million people have completed our surveys from (2005 to 2023).
Get our latest report on the Rapid Black Labour Market needs assessment for Canada, and support Black #research https://lnkd.in/g-fPB3DP
ABOUT DUNN PIERRE BARNETT AND COMPANY CANDA LTD
DUNN, PIERRE, BARNETT & CO. (DPBA) is a Black Owned Research, Management, Consulting and Technology firm specialising in Collecting, Disseminating, and analysing Administrative, Primary, Statistic and Labour Force data on diverse populations globally, including Black, Indigenous, and People of Colour (BIPOC).
The firm also specialises in the fields of Technical and Vocational Training and Education, Migration, Labour Market Needs Assessments, Social Research, Capacity-Building, Research, and Business Development services. It is registered in Ontario, Canada and the Caribbean. It has an excellent track record in building capacity and strengthening institutions using the competency-based approach to education and training.
DPBA draws on its association with over 17 Universities, has MOUs with over 30 Statistical agencies, and has more than 53 team members, directors, and associates that work together to achieve innovative and creative solutions to human capital and workforce development challenges in countries. It has delivered over 160 projects in 40 countries worldwide. https://dpbglobal.com/
DPBA also has one of the largest databases on Black people worldwide (collecting Black data from over 135 countries). We have collected data on over 80 million Black people worldwide, divided into 33 Major and 85 minor indicators, including data on the UN SDG goals by country. All data is coded in ISIC, NAICS and ISCO.
