How Canada’s international trade commitments can be utilized for Indigenous businesses challenged by the COVID-19 recession

Government procurement can become a very useful instrument as a second stage, post-stimulus tool, to ensure the full maximization of Indigenous SMSE potential and long-term prosperity.

Considering the Government of Canada spends approximately $22-billion a year on public procurement and that SMSEs receive approximately three-quarters of the contracts awarded annually to suppliers in Canada, the potential economic impact for Indigenous businesses from securing additional procurement contracts is enormous, writes Maria Panezi. The Hill Times photograph by Andrew Meade

Opinion

BY MARIA PANEZI

August 12, 2020

FREDERICTON, N.B.—The dire economic consequences of the global pandemic are particularly felt by remote communities, owners of small and medium-sized enterprises (SMSEs) and Indigenous entrepreneurs. Research conducted by the Canadian Council for Aboriginal Business on COVID-19’s impact on Indig...

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