Indigenous Economic Power Project (IEPP) - Snapshot annual reports

The problem​

Indigenous businesses contribute substantially to the Australian economy and First Nations communities. A lack of data makes it hard to assess what can support them and the whole ecosystem to grow. ​

The research​

Working with Indigenous business data custodians and the Australian Bureau of Statistics (ABS), the IEPP identifies Indigenous businesses and corporations and tracks characteristics, such as employment, profitability, longevity, ownership structure and industry composition.

Snapshot 3.0, the latest IEPP report, is the most complete picture of the ecosystem to date. Now including non-registered Indigenous sole traders and partnerships, it shows that First Nations businesses and corporations contribute over $16 billion every year, employing 116,795 people in almost 14,000 firms. ​With information from 2021-22 now in the dataset, the research team also explore the impact of Covid-19 health policies on the survival rates of Indigenous firms.

The impact​

The IEPP provides valuable information for governments and corporations wanting to develop effective procurement policies and grant programs that benefit small enterprises as well as large and foster a balanced and sustainable business ecosystem.

Department: Management
Area: Policy, politics and law; Processes and practice

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