Celebrating Indigenous owned businesses through NAIDOC week

South Australian Business News
Anthony Caldwell
Monday, July 3rd 2023
Shutterstock 1507145429

They are this nation’s first explorers, first navigators, first engineers, first farmers, first botanists, first scientists, first diplomats, first astronomers and first artists. 

We are not referring to the first European settlers that arrived and commenced establishing businesses in Australia in 1788. Trade has existed on this land for far longer, and this land’s history runs much deeper, some estimate 65,000 years deeper.

In recognition of NAIDOC week, we take the opportunity to pay tribute to and recognise the original custodians of this great land, the Aboriginal and Torres Strait Islander peoples.

The South Australian Business Chamber conducts much of its business from the traditional lands of the Kaurna people of the Adelaide Plains and recognises the many lands in rural and regional South Australia.

Aboriginal and Torres Strait Islander-owned businesses play an important role in our economy. 

In a 2021 study conducted by Melbourne University, we learned that Indigenous businesses contribute over $4.88 billion to the Australian economy annually and employ upward of 45,000 people.

These figures do not recognise the additional economic, social, and cultural benefits of these businesses. The Centre for Aboriginal Economic Policy Research says Aboriginal-owned businesses are 100 times more likely to hire Aboriginal workers. 

Additionally, more than 56% will provide pro-bono support for their community and more than 54% will sponsor local sports and community activities. Interestingly, Indigenous businesses are less likely to be sole traders or categorised as small businesses, generating gross income four times that of non-Indigenous businesses.

We celebrate these proud and community-driven businesses that are fundamental to our culture and economy. 

As we celebrate NAIDOC week, and recognise the history, culture, and achievements of Aboriginal and Torres Strait Islander peoples we encourage all South Australians to experience and support these businesses.

As you ponder your calendar for the week, why not visit the NAIDOC website and take part in one of the fantastic events on offer in South Australia and immerse yourself in Australia’s rich history, celebrating the achievements of the oldest living civilisation on the planet.

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