Ottawa removed 1,100 companies from Indigenous procurement list: Hajdu

WATCH: Pressure is mounting for the Auditor General to investigate the federal government's beleaguered Indigenous procurement program. It's meant to boost First Nations, Inuit and Métis economies by awarding 5 per cent of government contracts for goods and services to Indigenous companies.

The Procurement Strategy for Indigenous Business was set up in the late 1990s in order to help First Nations, Métis and Inuit companies compete for federal work.Russia warns U.S. over Ukraine’s use of long-range weapons There is no indication that the 1,100 companies removed from the list in recent years were not Indigenous-owned or controlled when they applied for the IBD.

The idea was that by “setting aside” a certain percentage of federal contracts for Indigenous firms, it would give those companies experience with the lucrative world of government procurement, help grow the businesses and have knock-on effects for First Nations, Inuit and Métis communities.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hajdu won’t say if non-Indigenous companies should pay back Indigenous contractsIndigenous Services Minister Patty Hajdu repeatedly dodged questions on Monday over non-Indigenous companies accessing federal contracts meant for First Nations, Inuit and Métis.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Ottawa must eliminate tokenism from Indigenous procurement program, says Indigenous business leaderIndigenous Services Minister Hajdu defends program, warns it would be at risk under a Conservative government for being “too woke”
Source: globepolitics - 🏆 12. / 78 Read more »