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Working Effectively with Indigenous Peoples™

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11 Challenges for Indigenous Businesses

All entrepreneurs face some challenges but not all entrepreneurs face the same challenges. Indigenous entrepreneurs face some challenges that those in the mainstream business sector do not, and the challenges faced by Indigenous entrepreneurs differ again, depending on factors that are unique to Indigenous entrepreneurs. For example, an entrepreneur setting up a business on-reserve may be impacted by the degree of remoteness and size of community whereas an Indigenous entrepreneur in an urban setting may be impacted by the absence of home community support. In this article we take a look at both business and social challenges for Indigenous businesses. 

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Topics: Indigenous economic development

Why Canada Needs Indigenous Economic Reconciliation

 

"Trade and specialization were common to First Nations in Canada and throughout the Americas in the pre- and early contact periods. Moreover, public infrastructure, standards, mediums of exchange, and property rights to support markets were also common before contact. Pre- and early contact First Nations in Canada had all six market characteristics required to promote economic growth.

 

This conclusion should not be surprising as the history of Canada is one of First Nation trade with Europeans. What would have been the history of Canada if the Hurons had not traded canoes to the eventual voyageurs? It has been argued by Harold Innis that the fur trade created Canada. The stories of initial First Nation contact with Europeans are almost entirely a result of trade and markets." [1]

 

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Topics: Indigenous economic development

Developing Your Indigenous Procurement Strategy

 

"A central finding of this research is that Aboriginal procurement is not the same as traditional supply chain management. Procurement from Aboriginal contractors and communities involves relationship building and sustained partnership development in a manner unique from the typical request for proposal-style of supply chain contracting and service procurement that mining operations typically followed in the past. As such, procurement agreements with Aboriginal suppliers need to be approached and understood differently." [1]

 

A procurement strategy is the plan as to how your organization will procure (acquire) the cost-effective goods and services required to successfully operate. An Indigenous procurement strategy (IPS) is just as it sounds - a strategy to procure cost-effective goods and services from Indigenous firms, and are typically part of an Impact and Benefit Agreement between an organization and an Indigenous community.

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Topics: Indigenous relations, Indigenous economic development

What is Indigenous procurement?

 

Simply put, Indigenous procurement is the act of purchasing goods and/or services from an Indigenous-owned business. For example, my company, Indigenous Corporate Training Inc., is an an Indigenous-owned business that provides training for government, corporations, and individuals on how to work with Indigenous Peoples. So, for those of you who have taken my training, you, or your team lead, have engaged in Indigenous procurement.

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Topics: Indigenous economic development

Indigenous Economic Development Corporations – The ABCs

Sometimes when the name says it all, the name says it all. This is true in a basic sense with Indigenous Economic Development Corporations. Namely a corporation (or group of corporations) formed to develop the economic activity of a community.

 

Economic Development Corporations (also known as “EDCs”) in short form are corporations formed under the laws of governmental regulation to manage the economic arm of the Indigenous community. They are becoming more and more commonly used in Canada and, more importantly, are becoming more influential in the overall Canadian corporate environment.

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Topics: Indigenous economic development

Notable Impact of Urban Reserves and Saskatoon

The first urban reserve in Canada was created in 1988 in the City of Saskatoon. The relationship between Saskatoon and Muskeg Lake Cree Nation (MLCN) was unique at the time but thankfully is no longer as urban reserves are becoming more common. Saskatoon now has five urban reserves and four Treaty Land Entitlement (TLE) selections. TLEs are lands that have been selected and acquired with funds under the Treaty Land Entitlement (1992) Framework.

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Topics: Indigenous relations, Indigenous economic development