Thesmall business ombudsman is encouraging Australians to support indigenousbusinesses, as the nation celebrates NAIDOC Week 2020.
The Australian Small Business and FamilyEnterprise Ombudsman Kate Carnell has urged Aussies to support indigenousbusinesses, as Supply Nation data revealed that the indigenous business sectoris in fact one of the fastest growing in Australia.
“Supply Nation data shows the number ofindigenous businesses is growing by 12.5 per cent each year.
"There are currently as many as 16,000indigenous-owned businesses in Australia and that is expected to grow to morethan 18,000 in the next five years.
“We know every dollar spent with an indigenousbusiness goes a long way," said Ms Carnell.
Ms Carnell also shared some known successstories, collated as part of the ASBFEO’s Indigenous SuccessStories series, which profiled a number of inspiring indigenousbusinesses that have embraced reciprocity as a reflection of culture in the waythey do business.
“Kakadu Tinytots for instance, plants ecogardens in remote communities so children can have access to fresh seasonalfruit and vegetables.
“Others are investing in the next generation ofindigenous professionals such as Willyama Services, an IT business whichoffers vocational training to indigenous high school students who areinterested in pursuing a career in technical support.
“In fact, indigenous businesses are 100 timesmore likely to employ other indigenous staff according to Supply Nation, whichis why procuring from indigenous businesses is an investment in both indigenousemployment and economic development more broadly," said Ms Carnell.
But while indigenous businesses provideservices across a range of industries, there are a number that have been hithard by the COVID crisis, such as those businesses relying on the touristtrade.
“It’s especially important that we supportthese businesses as much as possible as they work to recover from thisdifficult period,” Ms Carnell concluded.