Economic Impacts of COVID-19 on Atlantic Indigenous Communities & Businesses
June 17, 2020
There are wide-ranging and far reaching economic impacts of the Great Shutdown triggered by measures to stop the spread of COVID-19. APEC is examining how this is impacting specific industries, providing its perspective on important issues related to this pandemic, and producing analysis and commentary on broader economic topics, questions and policy responses. In this update, APEC examines the impacts of COVID-19 on Atlantic Indigenous Communities & Businesses.
COVID-19 Magnifies Socio-Economic Challenges Facing Atlantic Indigenous Communities and Businesses
June 17, 2020
The serious economic effects caused by COVID-19 are a key concern for Atlantic Indigenous businesses and communities because of pre-existing risks, vulnerabilities and challenges. In this Briefing Note, APEC examines community economic and financial risks, Indigenous business risks, community and individual socio-economic vulnerabilities, and community health risks.
Current COVID-19 support programs are inadequate for Atlantic Indigenous communities & businesses
May 26, 2020
Atlantic Indigenous businesses and communities are not immune from the economic dislocation sweeping across the region and nation due to COVID-19. The federal government has announced specific Indigenous funding as part of a broader package of support measures to respond to the economic crisis. However, given the pre-existing vulnerabilities facing Indigenous communities and businesses, the current support may be inadequate.
Highlighting Successful Atlantic Indigenous Businesses Webinar
June 27, 2019
This webinar provides an overview of APEC's report Highlighting Sucessful Atlantic Indigenous Businesses - the purpose of the research, economic impact of Indigenous businesses in Atlantic Canada, opportunities and challenges, gender-based analysis, and options for growth and policy initiatives.
Highlighting Successful Atlantic Indigenous Businesses
APEC Research Report, including 4-page policy brief & 1-page fact sheet
June 19, 2019
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.
Atlantic Indigenous Economic Outcomes and Opportunities
APEC Report Card
July 26, 2018
Indigenous people play an important and growing role in the Atlantic economy, but economic indicators show that there is more work to be done to fully realize their economic potential, according to the latest Report Card from the Atlantic Provinces Economic Council (APEC).
There are about 129,000 persons of Indigenous identity in Atlantic Canada, about 6% of the region’s population. The Indigenous population is young, with half under 35 years of age, and growing rapidly.
Policy priorities should focus on labour and education outcomes such as skills development and training; enhancing Indigenous business participation in the supply chains for major projects and government procurement; and adopting inclusion and diversity policies. Partnerships with non-Indigenous communities and businesses may also be of value to develop joint community economic initiatives.