October 20, 2020

Export Development Canada Joins as WEConnect International Market Member

TORONTO, October 20, 2020 — Building on an already successful partnership, WEConnect International has welcomed Export Development Canada (EDC) as a market member as part of its commitment to support women-owned businesses grow into new markets.

“We are excited to be working with WEConnect International to connect with and provide market opportunities to more women-owned businesses,” said EDC Women in Trade Lead, Jennifer Cooke. “We look forward to seeing the positive impacts that this partnership yields for Canadian women entrepreneurs.”

Globally, women’s business enterprises continue to earn less than 1 percent of the money spent on vendors by large global buyers. EDC, through the establishment of its own supplier diversity program, joins with other leading corporations which have recognized the value of increasing the participation of women-owned businesses in their supply chains.

“EDC has long been a supporter of women-owned businesses, and we’ve enjoyed a long-term partnership. Over the years, EDC has supported many WEConnect International events. We’ve been able to leverage their services and expertise to further support women business owners seeking to start exporting or to grow internationally,” said Stephanie Fontaine, Director for Canada.

“I’m thrilled that EDC is taking this very important step to bring our partnership to a new level, and I look forward to working with their procurement team,” she added.

About WEConnect International

A corporate-led, global non-profit, WEConnect International works with an alliance of over 105 multinational buyers that have committed to sourcing more products and services from women-owned businesses based in over 120 countries. Member buyers collectively represent over $1 trillion in annual purchasing power. WEConnect International identifies, educates, registers and certifies women’s business enterprises based outside of the U.S. that are at least 51% owned, as well as managed and controlled by one or more women, and connects them with large buyers. For more information, see www.weconnectinternational.org

For media inquiries please contact:

Angela Walker | VP of Marketing and Communications | WEConnect International | awalker@weconnectinternational.org

About EDC

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC’s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.

For more information and to learn how we can help your company, call us at 1-800-229-057 or visit www.edc.ca.

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Export Development Canada