Canadian Association of Aboriginal Business (CCAB) – Released the findings of its latest report, “Promise and Prosperity: The 2020 Ontario Aboriginal Business Survey” provide a longitudinal analysis of Indigenous business successes and challenges, while diving deeper into a crucial topic in today’s economy – improving access and participation for Indigenous businesses within government supply chains…only one in four Indigenous businesses have ever bid on a contract for either the Ontario (20%) or federal (21%) governments.

Indigenous businesses cite the following barriers to government contracts:

• the size of government projects (12%);
• the complexity of government procurement (9%); and
• a lack of experience with the process (10%).

The following recommendations will assist in the collaboration of a shared path forward for governments, Indigenous businesses, and corporate Canada, and a prosperous Indigenous economy.”

Based on survey findings, CCAB recommends:

• building awareness of Ontario procurement and funding opportunities
• developing partnerships with Indigenous entrepreneurs,
• simplifying access to financing and funding opportunities, and
• building IT infrastructure and capacity for e-commerce.

https://www.ccab.com/wp-content/uploads/2020/10/CCAB_PP_2020_Final.pdf