Atlantic First Nations firms and communities are facing unprecedented losses of revenues due to the Covid-19 pandemic and will continue to feel the economic effects for the next two to three years.
• Only 8% of Indigenous businesses can continue to operate for one year without support due to
• 2 out of 5 Atlantic Indigenous businesses expect a 50% drop in revenues.
• Indigenous communities have less access to liquidity to finance deficits, these limit borrowing
ability for Indigenous communities.
"Almost a decade after the Royal Commission on Aboriginal Peoples (RCAP, 1996) - an international decade dedicated by the United Nations to Indigenous People - it is timely to reflect on the state of the Aboriginal economy, on what has been achieved in Aboriginal economic development, how success is measured, and what barriers persist.