The Coalition Government is providing a $133,542 boost to Indigenous entrepreneurs in Katherine, Northern Territory, as part of its $115 million Indigenous Entrepreneurs package election commitment.
Minister for Indigenous Affairs, Nigel Scullion, said during a visit to Katherine Auto Body today that this investment will allow this local Territory business to purchase and install car-o-liner collision and repair equipment, which will lead to better business and more jobs for Aboriginal and Torres Strait Islanders.
“The Prime Minister made a commitment to doing things with Indigenous Australians rather than to them, and the Indigenous Entrepreneurs Fund is just one of the ways in which the Coalition Government is working with innovative Indigenous businesses particularly in remote areas”, Minister Scullion said.
“Indigenous entrepreneurs have the potential to transform their communities but in some cases they just need a hand with the capital to turn their business idea into a reality, through this package we are giving Indigenous entrepreneurs a fair go”.
“We also know that successful Indigenous businesses are key to improving employment rates for First Australians – an Indigenous business is 100 times more likely to employ an Aboriginal and Torres Strait Islander person than a non-indigenous business.”
“This proposal is a strong economic and business development opportunity as there are currently a number of major capital works projects in the Katherine region and will also create new job opportunities for Indigenous jobseekers in the region.
“This initiative complements the Coalition’s broader Indigenous economic development agenda including our new Indigenous Procurement Policy that has resulted in contracts worth $594 million in just its first 2 years. A spectacular success compared to the former policies under Labor, which resulted in just $6.2 million worth of contracts awarded to Indigenous businesses in 2012-13.”