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HomeThe companyDoing business with usDefinition of Indigenous Business
Definition of Indigenous Business

An Indigenous business is:

A limited company, a co-operative, a partnership, a not-for-profit organization in which Indigenous persons have at least 51 percent ownership and control,

 

or

 

A joint venture consisting of two or more Indigenous businesses or an Indigenous business and a non-Indigenous business(es), provided that the Indigenous business(es) has at least 51 percent ownership and control of the joint venture.

When an indigenous business has six or more full-time employees at the date of submitting the bid, at least thirty-three percent of them must be Indigenous persons, and this ratio must be maintained throughout the duration of the contract. The bidder must certify in its submitted bid that it is an Indigenous business or a joint venture constituted as described above.

 

or

 

  • Demonstrate proof of partnership with an acknowledged economic development registry of an Indigenous Organization and / or Government.
  • All Businesses must also take proactive steps to increase representation of women and other traditionally underrepresented groups and to implement these initiatives in a timely manner, taking advantage of training and hiring periods.
  • Provide all employees with the opportunity to voluntarily self-identify their diversity status. Ensure job postings invite applications from women and other traditionally underrepresented groups.


IOC scoring of submitted bids will also be based on businesses ability to demonstrate proactive steps to increase representation of women and other traditionally underrepresented groups