“The Federal Government spends more than $50 Billion on services each year, purchased by thousands of government buyers.
“While many understand the driving need to engage Indigenous businesses, just as many government buyers do not. This report shows unfortunately that the message is not hitting home.”
The report shows that:
The Indigenous business sector is one of the fastest growing in the country. There are between 12,000 and 16,000 Indigenous-owned businesses, which collectively generate more than $1.0 billion per year, with revenues increasing on average by 12.5% a year. The Government estimates that by 2026, an additional 73,250 Indigenous Australians will join the working ages of 20-44 with around 2,200 Indigenous Australians starting a business.
Ms Kinsela-Christie is Managing Director of IPS Management Consultants, an Aboriginal-owned regional business that has benefited from the IPP. IPS has grown from 3 to 25 staff in just 4 years, and has provided jobs and opportunities to more than 100 Indigenous consultants across the country.
She has used her success and learnings to drive advocacy and opportunity across the Indigenous business sector. In June this year she launched her new book ‘Supplier Diversity How’ in Bunbury (WA). The book, the first of its type in Australia, has become a bible for organisations keen to support the growth of the Indigenous business sector.
“As an Indigenous woman and business owner, I live and breathe the challenges facing our businesses every day,” Ms Kinsela-Christie said.
“We face unconscious bias, entrenched behavior and racism at every step.
“Supplier diversity in Australia provides an opportunity to level the playing field and open up opportunities for Indigenous business.
“It also provides an opportunity for Indigenous people as business owners to own their destiny, to have true self determination and to create businesses that can service and support a community.
“Indigenous businesses are so important to our economy. They are 100 times more likely to employ and retain Indigenous employees. For every dollar spent with an Indigenous business, $4.40 is injected into Indigenous communities.”