November 26, 2015, SASKATOON, SK – The Canadian Council for Aboriginal Business (CCAB) and Offset Market Exchange Inc. (OMX) announced today a Memorandum of Understanding (MOU) to promote Aboriginal business opportunities and Aboriginal employment in Canada.
This is the first partnership of its kind in Canada, linking Aboriginal owned businesses to procurement opportunities in the public and private sectors. This announcement will support the development and implementation of Aboriginal procurement strategies, and benefit CCAB Certified Aboriginal Businesses (CAB certified companies), Aboriginal Business Members, Aboriginal Economic Development Corporations, and Aboriginal communities. The OMX is Canada's platform for Government contractors to connect with suppliers and partners, as well as manage and track the economic impacts from their projects with Government.
"By linking our organizations, we will be able to maximize the opportunities for Aboriginal businesses to compete and win new procurements. We are also excited to collaborate with CCABon research studies, demonstrating the ability and capacity of Aboriginal owned business to succeed in the global supply chain of defence procurements. This MOU will match needs from Government contracts to the many diverse service facilities of Aboriginal owned businesses," said Nicole Verkindt, President of OMX.
"The Canadian Council for Aboriginal Business is committed to expanding the reach and potential of Aboriginal business. We are excited to engage with OMX on this unique opportunity that signals Aboriginal participation in an important sector of the economy... We are confident that Aboriginal business in Canada can compete and secure business in this massive market," stated CCAB President and CEO JP Gladu.
The OMX platform provides access to over 60,000 international defence, aerospace and shipbuilding companies by region, size, local content, certifications and capability, with effective web-based software tools to manage supplier and customer relationships collaboratively across an organization. It consolidates all of the related information required to complete a project, which will make defence contractors more competitive in a sector where there tends to be a lot at stake and entry costs can be heavy.
Major features include:
The Canadian Council for Aboriginal Business (CCAB) is committed to the full participation of Aboriginal peoples in Canada's economy. A national non-profit, non-partisan association, CCAB offers knowledge, resources, and programs to both Aboriginal and non-Aboriginal owned companies that foster economic opportunities for Aboriginal peoples and businesses across Canada.
CCAB programs include Progressive Aboriginal Relations (PAR), Certified Aboriginal Business (CAB), and the Aboriginal Business Mentorship Program (ABMP). CCAB confers four awards each year: the Aboriginal Business Hall of Fame (ABHF) Lifetime Achievement Award, the ABHF National Youth Entrepreneur Award, the Aboriginal Economic Development Corporation Award, and the Award for Excellence in Aboriginal Relations. These are given to recipients at our Annual Toronto, Calgary, and Vancouver Galas.
CCAB is also a leader in national research on the Aboriginal economy, developing the most comprehensive data available on Aboriginal entrepreneurs and community owned economic development corporations.