COS-Indigenous-Range-ECatalogue-2022

10 The Power of Indigenous Business power ful, diversified, and self-sustaining Indigenous business sector is essential for empowering First Nations peoples in urban, regional, and remote areas of Australia. Creating a pathway for First Peoples of Australia suppor ts them in becoming more economically independent and playing an integral par t in the Australian economy. The creativity, cultural awareness, community intelligence, and market savvy of First Nations peoples assists in expanding networks, business skills, and financial wellbeing, significantly boosting the economy. A Over the last decade, the Government and other major Australian businesses have made significant commitments for the expansion and growth of the First Nations communities through development, engagement, and inclusion. According to the Business Council of Australia, the number of Australian businesses working to execute Indigenous employment plans has increased substantially since 2009. Moreover, businesses that are actively involved in First Nations cultural industries have a greater social return on investment ratios than businesses involved in mainstream sectors.