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ECONOMIC RECONCILIATION: A KEY TO BUSINESS GROWTH IN REGINA

Posted by: Regina Chamber Admin - October 24, 2024

BY JADA YEE

Managing Partner, OneHoop Indigenous Advisory Services

As Regina’s business community looks to the future, it’s important to recognize a group that has been integral to our economy for centuries: Indigenous peoples. Long before Canada’s formation, Indigenous communities were the first entrepreneurs, driving the fur trade and creating extensive trade networks. Their contributions laid the groundwork for the thriving economy we have today, and their role in business remains just as important now as it was then.

So, what does this mean for businesses today? It means that to build a truly strong and inclusive economy in Regina, we need to partner with Indigenous and Métis businesses, as well as create opportunities for Indigenous talent within our companies. This isn’t just about doing what’s right, it’s also about doing what’s smart.

For those asking “Why?” — Because Indigenous people represent the fastest-growing demographic in Canada, growing at four times the rate of the non-Indigenous population. This rapidly expanding workforce offers enormous potential for businesses looking to grow, innovate, and stay competitive. If you want your organization to be seen as an employer of choice, developing a solid Indigenous employment strategy is no longer optional — it’s essential.

But this goes beyond just checking a box. Partnering with Indigenous-owned businesses and hiring Indigenous employees brings new perspectives, fresh ideas, and a greater connection to the communities we serve. Companies that embrace diversity and inclusion are often more resilient, adaptable, and better equipped to tackle the challenges of today’s business landscape. When you create an inclusive environment that values Indigenous culture, you create a workplace where everyone thrives, and that’s when businesses really succeed.

Plus, consumers and investors are paying attention. More than ever, people are choosing to support businesses that reflect their values. By taking steps toward economic reconciliation, your business not only strengthens its workforce but also shows that it’s committed to making a positive impact on society. This is the kind of leadership that attracts loyal customers and long-term success.

The bottom line? Economic reconciliation isn’t just about acknowledging the past, it’s about building a stronger future, TOGETHER. Partnering with Indigenous businesses, hiring Indigenous talent, and creating an inclusive workplace are all key steps in growing your business and contributing to a thriving, connected community.

By working together, we can create a future where everyone benefits—where the success of Regina’s business community is shared by all. Let’s make economic reconciliation a priority, and let’s do it together.

Reach out to OneHoop to learn more about how we can help your business lead the way in reconciliation and growth.

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