In Canada, the business landscape is enriched by over 50,000 Indigenous-owned companies, representing First Nations, Métis, and Inuit communities. This thriving and diverse business community plays a pivotal role in contributing $48.9 billion yearly to Canada’s economy, as reported by Census Canada in 2020.
However, the potential economic impact of Indigenous-owned businesses could be even more substantial. The Indigenomics Institute suggests that this contribution has the potential to reach $100 billion if there is widespread adoption of inclusive policies and business practices by governments and corporations in their interactions with Indigenous companies.
Moreover, Indigenous peoples, who are the nation’s fastest-growing demographic, also play a significant role as employers of non-Indigenous individuals, creating employment opportunities across Canada.
Learn more here: https://www.edc.ca/en/article/building-relationships-with-indigenous-businesses.html
