Indigenous business booming: New data reveals sector’s success
The extent of Indigenous businesses’ contribution to the Australian economy has been revealed—at least $4.88 billion—in a first-of-its-kind research snapshot of the sector’s diversity and impact.
he inaugural Indigenous Business Snapshot Study establishes the economic power of Indigenous businesses, using data pooled from the Australian Bureau of Statistics (ABS) and numerous custodians of Indigenous business data to form the Indigenous Business Longitudinal Analysis Data Environment (I-BLADE).
Its content can measure the sector’s scope and offers policy makers comprehensive data to identify and focus upon areas that need most assistance, closing a blind spot that has hindered the potential growth of Indigenous businesses.
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