Aboriginal Businesses Face Challenges With Securing Capital and Infrastructure

80 percent of small businesses started by Aboriginals collapse within a few years due to lack on intergenerational wealth and a robust financial network.

A general view of the Aboriginal light festival titled Grounded presented by Parrtjima at Federation Square in Melbourne, Australia, on March 10, 2023. Asanka Ratnayake/Getty Images

Entrepreneurs from the Aboriginal community face significant challenges in scaling their operations, mainly due to a lack of intergenerational wealth, which makes securing loans for essential infrastructure difficult.

Representatives highlighted this during the Joint Standing Committee on Aboriginal and Torres Strait Islander Affairs session held in Perth on Sept. 2.