NEWS

‘Invigorate – Build – Maintain’: words that resonate with many of us at these times, and thus a particular poignant theme for 2020’s Indigenous Business Month. IBA held a virtual business forum in October with the Minister for Indigenous Australians and inspiring business owners/leaders to discuss how they have dealt with the current world. Read a summary of that event.

IBA partners with First Nations Foundation to deliver on their joint objective for the financial prosperity of Aboriginal and Torres Strait Islander people. The partnership supports the delivery of financial education and retirement goals for Aboriginal and Torres Strait Islander people.

IBA will receive $150 million in funding from the Federal Government over 2 years to stimulate construction and employment opportunities in regional locations. This equity injection will provide funding to support more Aboriginal and Torres Strait Islander people obtain a home loan to build their own home.

IBA are hosting a virtual forum with the Minister for Indigenous Australians as part of Indigenous Business Month. The forum is Monday 12 October from 12 noon to 1pm AEDT.

Resilience during COVID-19 has many faces. Transforming opportunities can be an important part of the process. When COVID-19 hit the clothing business, The Ark, was significantly impacted. Owners Lyn and David saw an opportunity to expand to provide healthcare, hospitality and corporate industries with Australian made apparel.

Since inception in 2018, the IBA Performance Bond Trust has now supported over 170 bonds worth $12 million, supporting contracts valued at nearly $202 million. Read how it has supported one business - Hicks Civil and Mining.

Check out this beautiful video as they construct two state-of-the-art commercial satellite ground stations in Alice Springs. The facility is the first development of its kind on Aboriginal owned land and transforms Australia’s capability in earth observation.

Built, project-managed and owned by Indigenous companies - this facility is the first development of its kind on Aboriginal owned land and transforms Australia’s capability in earth observation.

IBA and the NIAA have developed a new support package for Indigenous businesses who have been impacted by the crisis, including non-IBA customers. The package includes access to specialist advice and working capital assistance of up to $100k.

Meet Kylie and Naomi, who are great examples of how home ownership changes lives long after the SOLD sticker goes up. This article is the last in a series featured by The Guardian Labs on the impacts of Indigenous home ownership.