Empowering Growth: WeShall Investments Contributes $1.1 Billion to Canada's Flourishing Economic Landscape
The Investment Case for BIPOC-Led Businesses
Toronto, ON, Sept. 6, 2023 – WeShall Investments unveiled today an internal economic impact study that sheds light on the substantial contributions of WeShall's portfolio companies to the Canadian economy since its inception in 2014 by Wes Hall, CBC Dragons' Den investor.
The study's findings highlight that businesses backed by WeShall, despite the global economic uncertainty created by the pandemic, have generated approximately $1.1 billion in total economic output since the pandemic.
The economic assessment shows estimated contributions to the Canadian economy over the past three years as follows:
- Total economic output of $1.1 billion
- Total GDP contribution of approximately $700 million
- Employment growth from about 2,000 jobs in 2020 to over 3,800 jobs in 2022
The study reinforces WeShall's core philosophy that serving the under-served and putting people first yield the greatest long-term dividends. The contribution of WeShall's ventures to the economic output of Canada is particularly noteworthy as a visible minority or a female leads 80% of WeShall's portfolio companies.
"BIPOC and female entrepreneurs face immense challenges when starting their businesses. Understanding these challenges as a Black entrepreneur myself, it was vital that my private equity firm prioritize supporting and elevating equity-deserving business leaders," says Wes Hall, Executive Chairman and Founder of WeShall Investments. "Our economic impact study underscores the importance of building BIPOC and female entrepreneurs up. Imagine a country without these entrepreneurs-- our country would be without an additional $1.1 billion."
As of 2023, WeShall has invested in and supported over 30 businesses and continues to vet enterprises to augment its portfolio.
For more information on WeShall's investment criteria, please visit www.weshall.ca.
About WeShall Investments
WeShall Investments is a premier Canadian private equity firm with a diverse portfolio of investments demonstrating agility in various industries across Canada, the U.S., and the Caribbean. WeShall currently has over $600 million under management and over 19 years of investing in a diverse range of industries. This all started when Wes mortgaged his principal home and obtained a $100,000 loan to start Kingsdale Advisors some twenty years ago.
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