A Healthy Economy Depends on the Source of New Growth
In a post Covid-19 economy we will see jobs and employment numbers rise, we will see retail spending increase and we will experience a “bump” that will have many say we are in economic recovery.
It’s Time for Change (ITFC) maintains the position, that the health of our economy will depend on the source of that growth as opposed to growth itself.
Spending by people, organizations, companies, and all levels of government, stimulus or otherwise, is what drives our economy. As we procure, goods and services our collective purchasing power, we will create demand and drive growth in jobs.
Consider the following announcements in the last three months alone:
● Canada Infrastructure Bank set to launch $1B initiative for Indigenous community projects
● $149 Billion to support Canadians and businesses
That’s a great deal of spending. The ITFC economic inclusion network has created an environment to include and bring to light the entire supplier base:
You cannot do business, buy someone’s products or services if you do not know they exist!
In Canada, there are over 55,000 Indigenous businesses that will and can benefit from an enhanced strategic position within Canada’s supply chain. This is why ITFC is here.
In Canada, there are 1.2 million private sector companies that will and can benefit from an enhanced strategic position and relationship with Canada’s Indigenous peoples, communities, and businesses. Employment growth within the Indigenous economy will benefit all Canadian’s in multiple sectors across our economy.
Additional jobs per Indigenous business will contribute an additional $2 billion of income and purchasing power! This kind of growth is sustainable and good for our national economy.
Once we finally, truly collaborate and engage with the Indigenous peoples, businesses, and communities, we can really well and truly optimize the opportunity we already have here at home and contribute to a much healthier economy.