Ottawa, Indigenous capital group sign first-of-its-kind 10-year agreement
May 8, 2025 | 11:14 AM
OTTAWA — Ottawa and the National Aboriginal Capital Corporation Association have signed a first-of-its-kind, $514 million agreement to help boost entrepreneurship.
Indigenous Services Canada says it’s the first time it has approved a 10-year agreement under an economic development program meant to advance economic reconciliation.
The Aboriginal Entrepreneurship Program works to increase the number of “viable Indigenous-owned businesses” by helping with access to capital and business opportunities, Indigenous Services Canada says.
NACCA will receive $514 million over 10 years — money allocated through the 2024 budget.
