On March 7, 2023, BMCC attended Manitoba’s Budget Speech, where Finance Minister Cliff Cullen outlined the province’s financial plan for 2023/24. The budget focuses on tax relief, business incentives, and investments in healthcare, safety, and community support.

Key Highlights:

✅ Tax Changes for Individuals – The Provincial Basic Personal Amount increases to $15,000, and tax brackets shift to ease the burden on lower-income earners.
✅ Business Incentives – Payroll tax exemption raised to $2.25M, a doubled venture capital fund, and expanded loan programs to support business growth.
✅ Major Investments – Significant funding in housing, healthcare, and mental health initiatives.

What’s Missing?

❌ No direct strategies to address labour shortages.
❌ No mention of equity or anti-Black racism initiatives.

BMCC is advocating for targeted programming to ensure Black business owners and professionals receive equitable support.