What challenges do Indigenous businesses face today?

What challenges do Indigenous businesses face today?

Indigenous businesses often face challenges such as limited access to capital, market discrimination, and regulatory hurdles.

Can you elaborate on the access to capital issue?

Certainly! Many Indigenous entrepreneurs struggle to secure funding due to a lack of credit history or collateral, which banks often require.

What about market discrimination?

Market discrimination can manifest as biases from consumers or suppliers, making it harder for Indigenous businesses to compete.

Are there any initiatives to support these businesses?

Yes, there are various initiatives, including government grants, mentorship programs, and partnerships with larger corporations to support Indigenous entrepreneurs.