Our Research - First Nations’ Enterprises are Aiming for More Than Economic Growth
Our latest research shows that First Nations’ community-based enterprises (CBEs) aim for more than financial gains.
They focus on making positive changes across generations, revitalising culture and governance, and boosting community pride and identity. These enterprises address gaps in services in ways that are culturally and socially responsive, often family and values-based. They provide safe spaces for employment, education, leadership, and community development, meeting the needs identified by their communities.
The release of our latest discussion paper, “The True Value of First Nations’ Community-Based Enterprises,” reveals four key findings.
Intergenerational Outcomes: Intergenerational outcomes are highly valued by First Nations’ businesses. They want to ensure the next generations know their stories and are proud of their culture and where they come from. This research highlights the importance of activities that support all community members, particularly younger generations. In turn, this ensures the transfer of knowledge, stories, and cultural practices, within the community.
Consideration of wise and land-based practices is vital: wise and land-based practices are embedded in Indigenous cultures. Each community is unique. What works for one community might not work for another. Wise and land-based practices include historical knowledge and connection to Country. It recognises that cultural identity is interwoven with and connected to land.
The social outcomes contributed by CBEs are of equal, or greater, benefit than financial outcomes: First Nations’ enterprises aim for more than just economic growth. They focus locally to strengthen identity and culture across generations. They incorporate values-based or family-based practices that are community driven rather than financially focused.
We need a different model of monitoring and evaluating First Nations’ CBEs to include what’s most important to First Nations’ communities – social and cultural outcomes: We emphasise the importance of measuring the overall success of these community businesses, focusing on what they define as success. This includes impact on culture, health, economic growth, and education. Understanding this success helps guide future initiatives and investments, making sure they are beneficial for the community.
A new approach to measuring long-term success
The report also calls for a shift in how we evaluate the success of CBEs. Current evaluation methods, which often prioritise short-term economic gains, fall short in capturing the broader, more lasting impacts of CBEs. The research discussion paper calls for a model that considers the long-term social and cultural benefits that CBEs bring to communities, ensuring these outcomes are recognised and valued.
This reimagined evaluation model would not only provide a more accurate picture of a CBE’s contributions but also align more closely with the values and aspirations of First Nations' communities.
Why this matters
Understanding and valuing social and cultural outcomes is essential for supporting the true goals of First Nations' CBEs. It allows us to see beyond the numbers and recognise the deeper impact these enterprises have on communities - impact that can last for generations.
If we are to support First Nations' communities in a meaningful way, we must embrace this broader definition of success. It’s time to rethink how we measure the impact of community-based enterprises and ensure that social and cultural benefits are given the attention they deserve.
Contribute to a broader dialogue
Are we on the right track?
We invite you to read our discussion paper and share your thoughts and perspectives.
Download the discussion paper and let us know if you agree with the findings.