New National Indigenous Economic Prosperity Institute

Reported by The Canadian Press on June 6th, 2024, the First Nations University of Canada celebrated the two-year anniversary of the National Indigenous Economic Strategy, a groundbreaking Indigenous-led initiative dedicated to achieving socioeconomic parity for Indigenous Peoples in Canada.

A new institute is in the works that would track Indigenous economic prosperity in Canada by collecting data on population, businesses, land and resources.

“The National Indigenous Economic Prosperity Institute will serve as a catalyst for change, promoting innovative solutions and fostering economic resilience within Indigenous communities and non-Indigenous communities.”

This announcement and celebration is not just about looking back; it’s about reaffirming commitment to Indigenous economic reconciliation and paving the way for future generations.

The Mastercard Foundation is putting forward $6 million over five years, while the McConnell Foundation is adding another $1.5 million over the same time frame.

“Full reconciliation with Indigenous Peoples will not happen without economic reconciliation. It is not only the fair and right thing to do, but there is a strong and compelling business case for all Canadians.”

– Dawn Madahbee Leach, Chairperson, National Indigenous Economic Development Board

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