The Indigenous business sector is one of the fastest growing in Australia. Around 12,000-16,000 Australian businesses are Indigenous-owned, and Indigenous self-employment rates suggest this diverse emerging industry group number will grow by around 2,200 by 2026. (https://www.dfat.gov.au/sites/default/files/business-envoy-january-2019.pdf)
This business growth is in part a reflection of increased Aboriginal and Torres Strait Islander people’s engagement in education with more Indigenous people attaining Year 12 qualifications, VET training and university graduation. The need to continue to enhance educational experiences for Aboriginal and Torres Strait Islander peoples is widely recognised as an important way forward in encouraging and enabling Indigenous business.
Imperatives to building Indigenous business also include includes a commitment to towards culturally appropriate engagement & working with Aboriginal and Torres Strait Islander communities to ensure locally based decision making. E.g. https://www.mpra.com.au/our-history
This action agenda seeks to celebrate Indigenous business and to understand the range of ways, particularly structural, that can promote the formation and sustaining of Indigenous owned businesses.