Procuring An Edge For Indigenous Businesses - Government, Public Sector
1. Diversifying Procurement Market Share The Canadian government implemented the federal Procurement Strategy for Aboriginal Business ("PSAB") in 1996, aiming to increase the number of Aboriginal businesses participating in procurement processes. Since its inception, the PASB program has awarded more than $3.3 billion in contracts to Aboriginal businesses. 1 Under the PSAB, contracts that serve primarily Indigenous populations or that are subject to a land claim agreement must be set aside for bids from Aboriginal businesses only. 2 Further, the federal government encourages Public Works and ...
Source: mondaq.com