MP Hanley Announces Over $3.7 Million to Foster Indigenous Business Growth and Sustainability in the North November 1, 2024
Ottawa, ON – Today, Member of Parliament for Yukon, Brendan Hanley, announced a significant investment of over $3.7 million to support and empower Indigenous businesses in the North. This funding is part of the Government of Canada’s commitment to reconciliation and economic prosperity for Indigenous communities.
“Our government is committed to supporting the growth and sustainability of Indigenous businesses in the North,” said MP Hanley. “This investment will provide crucial resources and support to help Indigenous entrepreneurs start, expand, and succeed in their businesses.”
The funding will be provided through the Indigenous Business Initiative (IBI), a program that supports Indigenous entrepreneurs and businesses across Canada. The IBI offers a range of services, including:
- Business planning and advisory services
- Access to capital and financing
- Market research and development
- Training and mentorship programs
“This funding will make a real difference for Indigenous businesses in Yukon,” said Chief Doris Bill of the Kwanlin Dün First Nation. “It will help us create jobs, support economic growth, and strengthen our communities.”
The IBI is part of the Government of Canada’s broader Indigenous Economic Development Strategy, which aims to foster economic growth and create jobs in Indigenous communities. The strategy focuses on supporting Indigenous businesses, increasing access to capital, and fostering economic partnerships.
“We are pleased to see the Government of Canada invest in Indigenous businesses in the North,” said Grand Chief Peter Johnston of the Council of Yukon First Nations. “This funding will help us build a stronger and more prosperous economy for our people.”
The IBI is delivered by Indigenous Services Canada and is available to Indigenous individuals and businesses in all regions of Canada. More information about the IBI and other Indigenous Business Support Programs are available here: www.sac-isc.gc.ca/eng/1512328984897/1512328991409
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