Federal business innovation and growth support to official language minority owned businesses, 2020

Release date: June 28, 2023
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Infographic: Federal business innovation and growth support to official language minority owned businesses, 2020
Description: Federal business innovation and growth support to official language minority owned businesses, 2020

In 2020, 344,225 businesses were OLM-ownedNote 1, representing 6.3% of all businessesNote 2 Note 3 in Canada. Of these businesses, 1,775 (0.5%) received $437,595,990 (12.7%) of all business innovation and growth support.

Compared with unsupported OLM-owned businesses, supportedNote 4 OLM-owned businesses were:

10.1 times more likely to be mid-sized businesses (100 to 499 employees)
33.1 times more likely to be large businesses (500 or more employees)
4.8 times more likely to report making at least $2 million in revenue
1.9 times less likely to be owned by women

Nearly half (48.7%) of all supported OLM-owned businesses were concentrated in professional, scientific and technical services or manufacturing, compared with 14.9% of unsupported OLM-owned businesses.

Compared with OLM-owned businesses that did not receive support, supported OLM-owned businesses were:

10.5 times more concentrated in manufacturing
8.6 times more concentrated in mining, quarrying, and oil and gas extraction
3.2 times more concentrated in information and cultural industries
22.6 times less concentrated in real estate, and rental and leasing

Sources: Statistics Canada, Business Linkable File Environment, 2020, Business Innovation and Growth Support, 2020, and Census of Population, 2021.

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Published by authority of the Minister responsible for Statistics Canada.

© His Majesty the King in Right of Canada, as represented by the Minister of Industry, 2023

Use of this publication is governed by the Statistics Canada Open Licence Agreement.

Catalogue no. 11-627-M

Frequency: Occasional

Ottawa

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