YorkU, CBCC sign MOU to create positive change for Black-owned businesses


York University and the Canadian Black Chamber of Commerce (CBCC) signed a Memorandum of Understanding (MOU) this week to foster positive change for Black-owned businesses and social enterprises. The agreement creates a pathway for CBCC members to fast track their applications in the university’s Social Procurement Vendor Portal. “As an anchor institution, we have an opportunity and an obligation to lead by example and maximize our economic and social impact on the communities around us,” said YorkU President Rhonda Lenton. York states that the change is part of its broader efforts to prioritize vendor diversity, which include the launch of a Social Procurement Vendor Portal in 2022 and revisions to its policies.