cover image: Recommendations Report on Improving Access to Capital for Indigenous Peoples in Canada /

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Recommendations Report on Improving Access to Capital for Indigenous Peoples in Canada /

13 Sep 2017

Waterstone Strategies recently produced a report for our Board, entitled First Nations and Inuit Access to Capital for Economic Development, Business and Infrastructure: A Quantitative Assessment of the Access and the Gaps, which measured the size and assessed the characteristics of the gap between First Nation and Inuit financing,2 and mainstream Canadian financing. [...] First Nations and Inuit Access to Capital for Economic Development, Business and Infrastructure provides a detailed economic analysis on the gaps in access to capital between mainstream Canada and the First Nation and Inuit population for the period between 2003 and 2013. [...] The gap in access to capital remained nearly unchanged since 2003 for the smaller and owner-operated businesses in the majority of First Nations and Inuit communities, especially with respect to working capital and growth financing needs. [...] For example, while cost-sharing programs require provinces to report their expenses to the federal government, provinces are not required to report the details of all their expenditures to the federal government and are not accountable to the federal government for all federal transfers. [...] The Standing Senate Committee on Aboriginal Peoples In 2007, the Standing Senate Committee on Aboriginal Peoples made a series of recommendations to improve Indigenous access to capital, citing a lack of access to capital as a key and primary barrier for Indigenous economic development.13 In particular, the Senate Committee identified Section 89 of the Indian Act as one of the primary barriers to
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Pages
39
Published in
Gatineau, QC, CA

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