Latest news with #ElaineChambers
Yahoo
23-05-2025
- Business
- Yahoo
NACCA Promotes Indigenous Business and Community Participation in the Defence Supply Chain
OTTAWA, ON, May 23, 2025 /CNW/ - The National Aboriginal Capital Corporations Association (NACCA) announces its support for a bold new pilot program promoting the participation of Indigenous communities and businesses in Canada's defence supply chain. The Indigenous Defence Supply Chain Pilot is a joint initiative of NACCA and the Council for the Advancement of Native Development Officers (CANDO). On May 28–29, the two Indigenous economic organizations will bring 25 Indigenous businesses to CANSEC 2025, Canada's leading defence, security, and emerging technology trade show. The businesses will have an opportunity to build relationships and profile their goods and services at CANSEC's Indigenous Pavillion. "Indigenous businesses are ready, willing, and able to supply to defence projects—which are often located on or near their territories," says Shannin Metatawabin, NACCA's CEO. "But the bidding process is still complex and unfamiliar, and those essential relationships with the sector still need to be built." The Indigenous Defence Supply Chain Pilot will be a three-year effort focused on building Indigenous capacity to participate in defence procurement. Through an annual call for applications, the pilot will provide cohorts of 30 to 50 Indigenous business owners, community leaders, and development officers access to tools, training, and mentoring in defence procurement. "This pilot will connect Indigenous businesses and communities to an industry that is known to be difficult to access, while demonstrating its practical approach to cultivating opportunity," says NACCA board chair Elaine Chambers. "And this is only the beginning. To assist First Nation businesses, the First Nations Procurement Authority was just established on May 1, 2025. Part of its mandate will be to take over initiatives like the Defence Supply Chain Pilot for First Nations businesses, making the introductions now occurring at CANSEC a regular feature." Founded on May 1, 2025, the First Nation Procurement Authority (FNPA) is a not-for-profit corporation that will offer outreach, training, and support to help verified First Nation businesses access government and corporate procurement opportunities. With a clear mandate from the Assembly of First Nations, the FNPA is governed by Canada's five most prominent national Indigenous economic organizations: NACCA, AFOA Canada, the Council for the Advancement of Native Development Officers, First Nations Finance Authority, and First Nations Financial Management Board. The FNPA is modelled after successful institutions supporting Indigenous procurement in Australia, New Zealand, and the United States. Once it becomes fully operational, the FNPA will serve as a vital resource for governments and corporate Canada to procure from verified First Nation businesses in a wide range of sectors. Quick Facts The Government of Canada has mandated that federal departments and agencies allocate at least 5% of the total values of their contracts to Indigenous businesses by 2030. An Indigenous business is one that is comprised of at least 51% ownership and control by First nations, Inuit or Metis individual. Despite there being more than 60,000 Indigenous businesses in Canada, only 2900 are registered withing the Indigenous Services Canada managed Indigenous Business Directory. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. About NACCA NACCA, the National Aboriginal Capital Corporations Association, is a network of over 50 Indigenous Financial Institutions (IFIs) dedicated to stimulating economic growth for all Indigenous people in Canada. These efforts increase social and economic self-reliance and sustainability for Indigenous people and communities nationwide. Related Links NACCA: CANDO: AFOA Canada: FNFA: FMB: FNPA: National Indigenous Business Definition - NACCA National Aboriginal Capital Corporations Association SOURCE National Aboriginal Capital Corporations Association View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
23-05-2025
- Business
- Cision Canada
NACCA Promotes Indigenous Business and Community Participation in the Defence Supply Chain
OTTAWA, ON, May 23, 2025 /CNW/ - The National Aboriginal Capital Corporations Association (NACCA) announces its support for a bold new pilot program promoting the participation of Indigenous communities and businesses in Canada's defence supply chain. The Indigenous Defence Supply Chain Pilot is a joint initiative of NACCA and the Council for the Advancement of Native Development Officers (CANDO). On May 28–29, the two Indigenous economic organizations will bring 25 Indigenous businesses to CANSEC 2025, Canada's leading defence, security, and emerging technology trade show. The businesses will have an opportunity to build relationships and profile their goods and services at CANSEC's Indigenous Pavillion. "Indigenous businesses are ready, willing, and able to supply to defence projects—which are often located on or near their territories," says Shannin Metatawabin, NACCA's CEO. "But the bidding process is still complex and unfamiliar, and those essential relationships with the sector still need to be built." The Indigenous Defence Supply Chain Pilot will be a three-year effort focused on building Indigenous capacity to participate in defence procurement. Through an annual call for applications, the pilot will provide cohorts of 30 to 50 Indigenous business owners, community leaders, and development officers access to tools, training, and mentoring in defence procurement. "This pilot will connect Indigenous businesses and communities to an industry that is known to be difficult to access, while demonstrating its practical approach to cultivating opportunity," says NACCA board chair Elaine Chambers. "And this is only the beginning. To assist First Nation businesses, the First Nations Procurement Authority was just established on May 1, 2025. Part of its mandate will be to take over initiatives like the Defence Supply Chain Pilot for First Nations businesses, making the introductions now occurring at CANSEC a regular feature." Founded on May 1, 2025, the First Nation Procurement Authority (FNPA) is a not-for-profit corporation that will offer outreach, training, and support to help verified First Nation businesses access government and corporate procurement opportunities. With a clear mandate from the Assembly of First Nations, the FNPA is governed by Canada's five most prominent national Indigenous economic organizations: NACCA, AFOA Canada, the Council for the Advancement of Native Development Officers, First Nations Finance Authority, and First Nations Financial Management Board. The FNPA is modelled after successful institutions supporting Indigenous procurement in Australia, New Zealand, and the United States. Once it becomes fully operational, the FNPA will serve as a vital resource for governments and corporate Canada to procure from verified First Nation businesses in a wide range of sectors. Quick Facts The Government of Canada has mandated that federal departments and agencies allocate at least 5% of the total values of their contracts to Indigenous businesses by 2030. An Indigenous business is one that is comprised of at least 51% ownership and control by First nations, Inuit or Metis individual. Despite there being more than 60,000 Indigenous businesses in Canada, only 2900 are registered withing the Indigenous Services Canada managed Indigenous Business Directory. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. About NACCA NACCA, the National Aboriginal Capital Corporations Association, is a network of over 50 Indigenous Financial Institutions (IFIs) dedicated to stimulating economic growth for all Indigenous people in Canada. These efforts increase social and economic self-reliance and sustainability for Indigenous people and communities nationwide.
Cision Canada
14-05-2025
- Business
- Cision Canada
NACCA SIGNS FIRST OF ITS KIND 10-YEAR FUNDING AGREEMENT WITH THE GOVERNMENT OF CANADA
OTTAWA, ON, May 14, 2025 /CNW/ - The National Aboriginal Capital Corporations Association (NACCA) is thrilled to announce its ten-year funding agreement with Indigenous Services Canada. The first of its kind between the federal government and an Indigenous economic organization, the agreement signed on May 5, 2025, represents a milestone on Canada's journey to a transformed fiscal relationship with Indigenous peoples. "This agreement testifies to the proven value of the Indigenous Financial Institutions network and the deepening trust of our government partner," says Shannin Metatawabin, NACCA's Chief Executive Officer. "Providing an average of $83 million per year, the funds will enable our long-established network of 50+ developmental lenders to continue promoting jobs, services, and empowerment for businesses in Indigenous communities across the country." Indigenous Financial Institutions offer not just loan capital, but access to tools and supports to achieve better daily business practices and focus on sustainability. With this funding, they can continue providing Indigenous entrepreneurs and community-owned businesses with non-repayable contributions to cover eligible project expenses, in addition to their repayable loans. The funds will support delivery of the network's flagship Aboriginal Entrepreneurship Program to promote Indigenous business success, as well as popular new programming tailored to women and youth Indigenous entrepreneurs. A portion will reinforce the network itself, helping NACCA and our members enhance capacity to manage the increasing demand. "We are grateful for the trust the federal government has placed in NACCA and the network to deliver," says NACCA chair Elaine Chambers. "That trust is well placed. Our members are Indigenous professional organizations committed to rebuilding their communities and economies. We've worked so hard to get here—it's exciting to think of all we will achieve together over the next decade." Now that it has the master agreement, NACCA will conclude agreements with individual IFIs. The funds will support the business success of Indigenous clients this fiscal year and beyond. Quick Facts A first of its kind agreement between the Government of Canada and an Indigenous Economic organization. NACCA is the national voice for over 50 Indigenous Financial Institutions (IFIs) working to advance economic reconciliation by providing Indigenous entrepreneurs with the capital and support they need to thrive. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. About NACCA NACCA, the National Aboriginal Capital Corporations Association, is a network of over 50 Indigenous Financial Institutions (IFIs) dedicated to stimulating economic growth for all Indigenous people in Canada. These efforts increase social and economic self-reliance and sustainability for Indigenous people and communities nationwide.
Yahoo
14-05-2025
- Business
- Yahoo
NACCA SIGNS FIRST OF ITS KIND 10-YEAR FUNDING AGREEMENT WITH THE GOVERNMENT OF CANADA
OTTAWA, ON, May 14, 2025 /CNW/ - The National Aboriginal Capital Corporations Association (NACCA) is thrilled to announce its ten-year funding agreement with Indigenous Services Canada. The first of its kind between the federal government and an Indigenous economic organization, the agreement signed on May 5, 2025, represents a milestone on Canada's journey to a transformed fiscal relationship with Indigenous peoples. "This agreement testifies to the proven value of the Indigenous Financial Institutions network and the deepening trust of our government partner," says Shannin Metatawabin, NACCA's Chief Executive Officer. "Providing an average of $83 million per year, the funds will enable our long-established network of 50+ developmental lenders to continue promoting jobs, services, and empowerment for businesses in Indigenous communities across the country." Indigenous Financial Institutions offer not just loan capital, but access to tools and supports to achieve better daily business practices and focus on sustainability. With this funding, they can continue providing Indigenous entrepreneurs and community-owned businesses with non-repayable contributions to cover eligible project expenses, in addition to their repayable loans. The funds will support delivery of the network's flagship Aboriginal Entrepreneurship Program to promote Indigenous business success, as well as popular new programming tailored to women and youth Indigenous entrepreneurs. A portion will reinforce the network itself, helping NACCA and our members enhance capacity to manage the increasing demand. "We are grateful for the trust the federal government has placed in NACCA and the network to deliver," says NACCA chair Elaine Chambers. "That trust is well placed. Our members are Indigenous professional organizations committed to rebuilding their communities and economies. We've worked so hard to get here—it's exciting to think of all we will achieve together over the next decade." Now that it has the master agreement, NACCA will conclude agreements with individual IFIs. The funds will support the business success of Indigenous clients this fiscal year and beyond. Quick Facts A first of its kind agreement between the Government of Canada and an Indigenous Economic organization. NACCA is the national voice for over 50 Indigenous Financial Institutions (IFIs) working to advance economic reconciliation by providing Indigenous entrepreneurs with the capital and support they need to thrive. The IFI network has provided $53,000+ loans totaling $3.3 billion to businesses owned by First Nations, Métis, and Inuit. About NACCA NACCA, the National Aboriginal Capital Corporations Association, is a network of over 50 Indigenous Financial Institutions (IFIs) dedicated to stimulating economic growth for all Indigenous people in Canada. These efforts increase social and economic self-reliance and sustainability for Indigenous people and communities nationwide. Related Links: NACCA website: SOURCE National Aboriginal Capital Corporations Association View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
