Canada's federal government has implemented a new National Indigenous Procurement Policy, requiring federal departments and agencies to award a minimum of five percent of their procurement contracts to Indigenous businesses. This policy is estimated to generate $22 billion in revenue for Indigenous businesses. Indigenous economic organizations are also collaborating on a business plan for the proposed National Indigenous Procurement Institute.
That’s the estimated amount of revenue to be generated from a new National Indigenous Procurement Policy , which is now in effect within Canada ’s federal government, noted Dawn Madahbee-Leach, the general manager at Waubetek Business Development Corp.
This year, Indigenous economic organizations from across the country also collaborated on a business plan for the proposed National Indigenous Procurement Institute, which will manage a certified business directory of Indigenous businesses, using a definition of ‘Indigenous business’ that’s developed by Indigenous people.
A well-known leader in Indigenous economic development, Madahbee-Leach is chair of the National Indigenous Economic Development Board, which has led a number of other initiatives this year to advance opportunities for prosperity among Indigenous communities. Natural resources extracted from the traditional territories of Indigenous peoples are Canada’s number one export, she noted, coming in with a value of $300 billion annually.
Canada Indigenous Businesses National Indigenous Procurement Policy Revenue Procurement Contracts Indigenous Economic Organizations National Indigenous Procurement Institute
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