Report Shows Aboriginal Entrepreneurs Face Significant Barriers in Financial Ecosystem
Ottawa, March 7, 2017 – The National Aboriginal Capital Corporations Association (NACCA) and the Business Development Bank of Canada (BDC) commissioned a study of the financial ecosystem that provides support for Aboriginal entrepreneurship in Canada. NACCA and its member Aboriginal Financial Institutions (AFIs) provide financing and support to Aboriginal entrepreneurs. The number of AFIs across Canada has grown to over 50 and include Aboriginal Capital Corporations, Aboriginal Developmental Lenders and Aboriginal Community Futures Development Corporations. In addition to BDC’s mainstream financial services and advice, BDC’s Aboriginal Banking Unit offers two specialized streams of financing for Aboriginal entrepreneurs including the “Aboriginal Business Development Fund,” and “Growth Capital for Aboriginal Business.” Continue reading