The Black Business Initiative (BBI) is a Province-wide business development initiative committed to fostering the growth of businesses owned by members of the Nova Scotia Black Community. The BBI places priority on educating Black business owners in the operation of their business - from marketing to budgeting to securing funding. The BBI is committed to growing the Black presence in a diverse range of business sectors including high-tech, manufacturing, tourism, and the cultural sector. In 1996, the Government of Canada and the Province of Nova Scotia set up the BBI to address the unique needs confronting the Black business community in Nova Scotia. For the first five years of its existence, BBI was funded under the COOPERATION Agreement for Economic Diversification, a joint agreement between the Federal and Provincial Governments. The BBI is currently funded by the federally administered Atlantic Canada Opportunities Agency (ACOA) and the Provincial Department of Economic Development.