Series - Canada’s Social Finance Ecosystem - What’s Next?

The Indigenous economy is worth $30 billion and climbing. Why aren’t investors getting more involved?

Author Nickie Shobeiry

Why It Matters

Indigenous women entrepreneurs are opening businesses at twice the rate of non-Indigenous women. As Canada looks to rebuild its economy, it’s more important than ever to back Indigenous entrepreneurs — but despite this, there're still significant barriers to funding, including to the $755 million Social Finance Fund.

This story is in partnership with Employment and Social Development Canada (ESDC). 

For Judy Hughes, senior director of business and economic development at The Native Women’s Association of Canada (NWAC), backing Indigenous women entrepreneurs represents a massive, and growing, opportunity. Not only is the Indigenous economy currently worth $30 billion — even during the pandemic, the number of Indigenous entrepreneurs has been increasing at five times the rate of self-employed Canadians. Of these entrepreneurs, Indigenous women are leading the way, starting business at

 

For limited access, create a FREE account

Limited Time Offer

Unlimited Access

Only $24 for the year 

80% off the standard annual membership ($119.50)

Enjoy unlimited access to insightful social impact journalism, special reports, talks and events that fuel your learning, development and decision-making.

For group membership discounts, contact us. community@futureofgood.co

Already have an account? Log in

These special introductory offer is not available to current subscribers of the same subscription type. Your payment method will automatically be charged in advance the introductory rate indicated in the offer above for 1 year, and after 1 year the indicated standard. Your subscription will continue until you cancel. Cancellation takes effect at the end of your current billing period. HST taxes apply. Offer terms are subject to change