First Nations

Proud to be part of the First Nation Community

Raventech Consulting has First Nations business status and is registered in AANDC’s Aboriginal business database.

AANDC is the lead department responsible for carrying out the Government of Canada’s Federal Framework for Aboriginal Economic Development. Released in June 2009, the Framework represents a fundamental change to how the federal government supports Aboriginal economic development.

The Framework uses a modern and comprehensive approach to seize opportunities and build strategic partnerships with Aboriginal groups, the private sector, and the provinces and territories. There are five strategic priorities under the Framework:

  • Strengthening Aboriginal Entrepreneurship
  • Developing Aboriginal Human Capital
  • Enhancing the Value of Aboriginal Assets
  • Forging New and Effective Partnerships
  • Focusing the Role of the Federal Government
  • Strengthening Aboriginal Entrepreneurship

AANDC aims to create a more business friendly climate on reserve and in the North through improved access to capital and other business opportunities that will help to strengthen entrepreneurship for First Nations.

One way AANDC helps support this priority is by addressing the shortage of available credit for Aboriginal small business development through funding Aboriginal Financial Institutions (AFIs). AFIs concentrate on providing loans to enterprises which are not yet ready to successfully secure business loans from banks. Some AFIs also provide additional business services, including training and support to Aboriginal entrepreneurs.

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Procurement Strategy for Aboriginal Business (PSAB) Overview
The PSAB supports Aboriginal business capacity development on behalf of the federal government of Canada. Through mandatory set asides, voluntary set asides, joint ventures and partnerships, the Strategy aims to assist Aboriginal businesses to compete for and win federal contracting opportunities

There are currently more than 37,000 Aboriginal owned businesses in Canada, covering a wide variety of economic sectors. The Government of Canada recognizes that an effective way to improve the well-being and quality of life of Aboriginal people in Canada is to improve their economic opportunities. Aboriginal economic development also helps strengthen the Canadian economy in general.

Making A Difference
Over the years, Aboriginal Affairs and Northern Development Canada (AANDC) has created different programs to support Aboriginal economic development, including the Procurement Strategy for Aboriginal Business (PSAB). PSAB aims to increase the number of Aboriginal firms participating in the federal procurement process.

Under PSAB, qualified Aboriginal firms can bid on government procurement contracts through several business arrangements, such as sub-contracting and joint ventures with other firms. The PSAB is open to all Aboriginal businesses, including sole proprietorship, limited companies, co-operatives, partnerships, and not-for-profit organizations.

PSAB’s Success
Since PSAB’s establishment in 1996, more than 100,000 contracts have been awarded to Aboriginal suppliers with a total value of $3.3 billion. PSAB also helps fulfill the Government of Canada’s priority to strengthen Aboriginal entrepreneurship as outlined in the Federal Framework for Aboriginal Economic Development, announced in 2009.

The Government of Canada strongly encourages Aboriginal businesses and federal employees to do business together. This video is designed to outline useful information about PSAB for both Aboriginal businesses and federal employees interested in finding out more about how the program can and does work for them.