Indigenous businesses in Atlantic Canada are making a sizable contribution to the regional economy and are expanding rapidly, but financial obstacles remain a significant barrier to their future growth.
This report highlights successful Atlantic Indigenous businesses and the impact they have on Atlantic Canada’s economy. The study notes that Atlantic Indigenous business revenues were valued at $1.6 billion in 2016, almost 137% more than in 2012. These firms are benefitting the region, creating jobs and income for both Indigenous and non-Indigenous workers: 40% of employees are non-Indigenous workers receiving $118 million in wages.
APEC completed the report on behalf of the Atlantic Policy Congress of First Nation Chiefs Secretariat, under the Atlantic Aboriginal Economic Development Integrated Research Program (AAEDIRP).
The study created an Atlantic region Indigenous business database and collected and analyzed online survey and business interview data from companies located throughout Atlantic Canada. The purpose of the study was to highlight Atlantic Indigenous business success stories and how these can inform and assist further growth.