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Indigenous Business Australia (IBA) and Northern Territory Indigenous Business Network (NTIBN) signed a Memorandum of Understanding (MoU) to collaborate and support Aboriginal and Torres Strait Islander businesses in the Northern Territory to achieve their economic goals and growth.
The MoU formalises the relationship between the two entities with key objectives including to enable Indigenous businesses in the NT to achieve their goals and aspirations, as well as providing access to capital and services.
The collaboration was made after the successful Aboriginal Economic Development Forum on Larrakia Country (Darwin). IBA supported this year’s forum through a Gold Sponsorship and co-hosted a Strong Women Strong Business breakfast.
NTIBN CEO Jerome Cubillo leads the peak body representing and advocating for Indigenous businesses in the Northern Territory.
“We are excited to partner with IBA. This announcement presents an opportunity to elevate the economic participation and social prosperity of Indigenous Territorians by encouraging, supporting, empowering, and building the capacity of our vibrant Indigenous business sector,” said Jerome.
“This partnership will enhance our ability to provide direct access to financial support that is largely unavailable in the mainstream banking and financial services sector.”
IBA CEO Kirsty Moore was on Larrakia Country this week meeting with NTIBN to discuss the importance of investing in the Northern Territory.
“IBA has been working with Northern Territory businesses and communities since we were established. This collaboration with NTIBN expands upon the strength of their established network and our broad ranges of services to further empower Aboriginal and Torres Strait Islander business growth in the area,” said Kirsty.
“Creating impact is about forming the right relationships and working with partners that know their communities and NTIBN is one of those partners. We look forward to further developing opportunities with them for Northern Territory businesses.”
[Interviews and images available upon request.]
Media contact: Tara Toohill 0427 011 938 or tara.toohill@iba.gov.au
About IBA
IBA is a commercially focused organisation. Economic independence for Aboriginal and Torres Strait Islander peoples is at the heart of what we do. Our programs assist Indigenous Australians to buy their own homes, be successful in business, and invest in commercial ventures that provide strong financial returns. IBA is established under the Aboriginal and Torres Strait Islander Act 2005 (ATSI Act) and is a corporate Commonwealth entity for the purposes of the Public Governance, Performance and Accountability Act 2013 (PGPA Act). IBA resides in the portfolio of the Prime Minister and Cabinet and is accountable to the Australian Parliament through the Minister for Indigenous Australians, the Hon Linda Burney MP.
About NTIBN
The NTIBN has been operating in the Northern Territory for over ten years as a consortium and peak body representing Northern Territory based Indigenous businesses. The NTIBN are a business growth and advocacy services provider, creating opportunity between businesses, strengthening business sector capacity, and representing on issues affecting First Nations businesses in the Northern Territory. The NTIBN is 100% Indigenous owned and its mission is to increase the economic participation and social prosperity of Indigenous Australians by encouraging, supporting, empowering, and building the capacity of Indigenous businesses.
