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HomePolicy Articles Article Summary

Creating Wealth In Aboriginal Communities

Report by Stelios Loizides, Wanda Wuttunee

Stelios Loizides and Wanda Wuttunee explain that Aboriginal unemployment rates are rising and show no signs of slowing. This Report explores the goal, expressed by Aboriginal leaders, to improve the economic prospects for community residents through business enterprise; this paper also looks at programs that strive to meet this objective. The study looks at ten Aboriginal Communities that implemented dedicated programs to establish community-owned businesses as foundations for economic and social development, as well as increased autonomy and self-reliance.

Loizides and Wuttunee suggest that successful programs include six key factors: 1) strong leadership and vision; 2) a strategic community economic development plan that takes into account the communities strengths and weaknesses; 3) access to capital, markets and management expertise in order to facilitate growth within the business enterprises; 4) good governance and management; 5) a high level of transparency and accountability; and, 6) a positive interplay between business and politics. By implementing programs that embrace these core ideas, Loizides and Wunnenee contend that Canada’s Aboriginal communities can become more economically self-sufficient.

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Policy Publication Details

Author(s): Stelios Loizides; Wanda Wuttunee;
Publisher: Conference Board of Canada [ Visit Website ]
Year Published: 2005; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: National;
Registration Required: No Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / Aboriginal / Economic Development
Policy Articles / Aboriginal / Economic Development / 2005
Policy Articles / Aboriginal


Keywords / Tags:

Canada; aboriginal communities; economic development; aboriginal autonomy; aboriginal wealth; aboriginal employment; aboriginal well being; management; accountability; leadership; vision; capital; markets;