January 16, 2025
Advancing economic reconciliation in Canada requires implementing both Indigenous and social procurement strategies. As part of the TRC Call to Action 92, many governmental organizations at the provincial and federal level have begun to incorporate these strategies within their organizational structures.
There is, however, a dearth of readily available information regarding Indigenous procurement and social procurement. While both strategies aim to address social inequality through procurement practices, they differ in scope, goals, and targeted outcomes. In this piece, we will help provide you with a brief overview of the key components of the two policy approaches in addition to their differences.
Understanding Indigenous Procurement
Indigenous procurement refers to the practice of specifically prioritizing Indigenous businesses and entrepreneurs in procurement processes. The primary objective of Indigenous procurement is to foster economic opportunities for Indigenous peoples, ensuring they have access to contracts, business development, and employment opportunities.
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