Empowering Indigenous Australians through business

Release Date: 
1 November 2019
Media release

Throughout October, Indigenous businesses have showcased the many ways Aboriginal and Torres Strait Islander people create jobs, bring financial security to their families and communities, and contribute to the growth of the Australian economy.

Minister for Indigenous Australians, the Hon Ken Wyatt, said Indigenous Business Month has provided a platform to demonstrate the depth of the Indigenous business sector.

“Indigenous entrepreneurs and business owners are getting on with the job and have proven the value they bring to our economy,” Minister Wyatt said.

“Indigenous Business Month has been a resounding success and the initiatives being delivered under its banner have far-reaching effects.”

“Today I was in Cairns, and had the opportunity to jump on-board with Dreamtime Dive and Snorkel as they celebrated one year of operation. It is a great example of an Indigenous business sharing our culture with locals and tourists alike, and demonstrates the power business can play in empowering communities and providing job opportunities.”

“The Morrison Government’s commitment to grow Indigenous businesses is unwavering.

“In this financial year alone, we are investing around $550 million through the Indigenous Advancement Strategy to support jobs and economic development opportunities.”

“We are working to drive demand for Indigenous businesses and employees through the Indigenous Procurement Policy as well as strengthening the supply side to enable Indigenous Australians to take up more opportunities than ever before.”

“We can see our policies having a real impact. In October there were 55 new applications and 47 new businesses approved and registered with Supply Nation. Those businesses will have the opportunity to win more and larger contracts, particularly with the Commonwealth Government.”

“Also during Indigenous Business Month, more than 40 Indigenous business owners were supported to attend the World Indigenous Business Forum in Vancouver, Canada, to share knowledge with other countries and explore export opportunities for our Indigenous companies.”

“Australia proudly secured the next World Indigenous Business Forum for Darwin which will bring more attention to this burgeoning sector and showed Australia’s Indigenous business sector can match it with the best on the world stage.”

“To strengthen supply, the Morrison Government’s ten-year Indigenous Business Sector Strategy is improving access to business support and capital, fostering networks and improving data.”

“This Strategy includes programs like funding Indigenous Business Australia to deliver business support nationally and making $6 million available to 12 Remote Indigenous Business incubator pilots and $21 million to Many Rivers to work with Aboriginal and Torres Strait Islander people living in remote Australia to develop, establish and build small enterprises.”

“We are also creating more jobs in regional Australia through the 1,000 jobs package which provides salary support to businesses to take on and retain staff, allowing them to grow and invest back in their local communities.”

“The practical on-the-ground support provided by the Morrison Government is creating a solid foundation for sustained growth in the Indigenous marketplace that will last for generations,” Minister Wyatt said.”

Indigenous Business Month is run by the Alumni of Melbourne Business School’s MURRA Indigenous Business Master Class.