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Canadian Council for Aboriginal Business (CCAB) Community & Commerce Ontario Research Report Launched

by pmnationtalk on June 25, 2015473 Views

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Canadian Council for Aboriginal Business (CCAB) Community & Commerce
Ontario Research Report Launched

TORONTO 06-26-2015 The Canadian Council for Aboriginal Business (CCAB) is launching its latest research report- Community & Commerce Ontario. The report takes an in-depth look at Aboriginal Economic Development Corporations (AEDCs) using original research based on interviews with the CEOs and presidents of AEDCs across the province of Ontario. AEDCs are community-owned businesses set up as Corporations at arm’s length from Chief and Council; Aboriginal community members are generally the shareholders and ultimate beneficiaries of the AEDCs success.

This timely report seeks to understand how AEDCs function, what they need to grow and what hurdles have been overcome to reach success.

The report finds that community owned corporations are a growing trend within Aboriginal economic development, increasingly creating wealth for not only their communities, but their non-Aboriginal neighbours as well. The strengths of AEDCs are their ability to adapt to community needs, getting First Nations, Inuit and Métis peoples to articulate their economic goals as well as sending a clear signal to business Canada that an Aboriginal community is open to development that reflects their values and needs.

Once AEDCs have worked with their community to understand what their members’ goals are, they work alongside Canadian businesses to achieve these goals with the professionalism of any mainstream corporation, creating economies on reserve and building human capacity in the process.

The Ontario Ministry for Aboriginal Affairs (MAA) is playing a proactive role promoting the growth of these organizations through their Aboriginal Economic Development Fund, as well as the new Aboriginal Procurement Program. These programs are informed by the research of the CCAB, and as such listen directly to the voices of Aboriginal business people. “Ontario has had a long and productive relationship with the CCAB as we work together to build opportunities for Aboriginal people,” said David Zimmer, Ontario’s Minister of Aboriginal Affairs. “We support CCAB’s research projects over the years because they provide the data we need to design and deliver programs that make a difference.”

The report confirms the importance of sustainability recognizing the three pillars, the land, the people and the economy. Aboriginal peoples take a holistic view but at the end of the day their goal is to sustainably promote jobs and wealth for their communities.

CCAB President and CEO JP Gladu stated; “CCAB for over thirty years has connected Aboriginal Businesses with Business Canada.  Forward thinking opportunities such as the MAA Aboriginal Procurement program; continue to strengthen existing and potential business relationships.  CCAB is proud to help support the development of this kind of innovative programming through our research as we collectively work toward business certainty and equitable prosperity for all Canadians.”

About the Canadian Council for Aboriginal Business

The Canadian Council for Aboriginal Business (CCAB) was founded in 1984 by a small group of visionary business and community leaders committed to the full participation of Aboriginal people in Canada’s economy. A national nonprofit organization, CCAB offers knowledge, resources and programs to both mainstream and Aboriginal owned member companies that foster economic opportunities for Aboriginal people and businesses across Canada.

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For CCAB inquiries, please contact:

Max Skudra
Senior Manager, Research
Canadian Council for Aboriginal Business
Tel: 416 961 8663 ext.232
Email: mskudra@ccab.com

For Media inquiries, please contact:

Chris Allicock
Media Specialist
Amberlight Productions
Tel: 416 694 3131
Email: chris@amberlight.ca

 

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