Profits increasing, business relationships improving
Indigenous entrepreneurs in British Columbia are showing improved wealth creation and business growth.
A survey of BC-based Indigenous entrepreneurs commissioned by Vancity and conducted by the Canadian Council of Aboriginal Business (CCAB) reveals that – despite challenges – most indigenous business owners expect growth in the next 2 years.
There are also improved relationships with non-indigenous businesses; 48% say they experienced systemic barriers when dealing with non-Indigenous business relationships five years ago, compared with 21% who experience them now.
More than 40% of those surveyed in 2018 say their business had clients in other Canadian provinces and territories during the past year, while 20% say they had clients outside Canada and the United States.
But there are some issues regarding government red tape and inadequate local infrastructure that make growth more challenging.
Indigenous entrepreneurs in British Columbia are showing improved wealth creation and business growth.
A survey of BC-based Indigenous entrepreneurs commissioned by Vancity and conducted by the Canadian Council of Aboriginal Business (CCAB) reveals that – despite challenges – most indigenous business owners expect growth in the next 2 years.
There are also improved relationships with non-indigenous businesses; 48% say they experienced systemic barriers when dealing with non-Indigenous business relationships five years ago, compared with 21% who experience them now.
More than 40% of those surveyed in 2018 say their business had clients in other Canadian provinces and territories during the past year, while 20% say they had clients outside Canada and the United States.
But there are some issues regarding government red tape and inadequate local infrastructure that make growth more challenging.
