Page 30 - XperienceAlberta-EDA-2024-1
P. 30

FINANCIAL SERVICES
FOR FIRST NATIONS
 Indigenous businesses benefit from organizations that put their needs first
INDIGENOUS BUSINESS AND investment in Alberta is flourishing. Invest Alberta, one of North America’s leading organizations for fund attraction, recently reported that the Indigenous community contributes over $6 billion in GDP and supports roughly 60,000 jobs across the province. This success often requires initial funding to get off the ground, or to help make the leap to the next level, and that’s where organizations like Indian Business Corporation come in.
Since 1987, the Indian Business Corporation (IBC) has provided access to capital for Indigenous peoples, and finances Indigenous businesses across Alberta. The organization finances viable business ventures across numerous sectors — serving a diverse group of clients, who have received financing to assist operations ranging from cattle-ranching business to windshield-repair companies and even ready-to-wear fashion enterprises.
Over the last 36 years, the IBC has helped fund over 2,500 business or expansion ventures, directly and indirectly contributing to the creation of almost 7,000 employment opportunities, having loaned over $110 million in total, making a positive impact in Alberta’s Indigenous community
“After nearly 40 years of making loans to First Nations entrepreneurs in Western Canada, we have witnessed many positive outcomes that occur
 30
XPERIENCE ALBERTA 2 0 2 4
EDAAlberta.ca

























































































   28   29   30   31   32