TORONTO- Researchers behind a new study say Canadian businesses owned by Indigenous women have been steadily growing, but that progress is being threated by the COVID-19 pandemic and other systemic barriers.<\/p>\n
The Canadian Council for Aboriginal Business and Women Entrepreneurship Knowledge Hub say the proportion of businesses owned by Indigenous women and with revenue greater than $1 million doubled to reach nine per cent in 2019, up from four per cent in 2015.<\/p>\n
While most Indigenous women that are business owners are sole-proprietors, the percentage with employees hit 42 per cent in 2019, up from 23 per cent in 2010.<\/p>\n
The findings come from more than 3,000 First Nations, Inuit, and\u00a0Metis business owners surveyed by phone in 2010, 2015 and 2019.<\/p>\n
The report warns the pandemic has exacerbated many of the structural and social barriers that Indigenous women entrepreneurs have faced and is putting their gains in jeopardy.<\/p>\n
It says 91 per cent of Indigenous businesses experienced a negative impact stemming from the virus, with 76 per cent seeing a decrease in revenues and 65 per cent noticing a drop in demand for products and services.<\/p>\n
This report by The Canadian Press was first published Dec. 10, 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"
TORONTO- Researchers behind a new study say Canadian businesses owned by Indigenous women have been steadily growing, but that progress is being threated by the COVID-19 pandemic and other systemic barriers. The Canadian Council for Aboriginal Business and Women Entrepreneurship Knowledge Hub say the proportion of businesses owned by Indigenous women and with revenue greater …<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":""},"categories":[32,39],"tags":[],"yoast_head":"\n