In this paper we explore Indigenous Business survival rates during and after the COVID-19 pandemic. We use BLADE and PLIDA data to define Indigenous businesses as either self-identified (business owner self-identified as Indigenous in the 2021 census), or Indigenous businesses which are part of an Indigenous Business Registry. We explore the correlation between family and carer responsibilities with the probability of survival of sole traders and small partnerships.
In the Indigenous Business and Corporation Snapshot Study 3.0 we report statistics describing ‘the Indigenous business ecosystem’, which is made up of three separate groups: (1) Indigenous businesses listed on the five registries participating in this study; (2) Indigenous corporations with operating Australian Business Number from the Office of the Registrar of Indigenous Corporations registry; and (3) sole traders and partnerships with at least 50% of owners selfidentifying as Indigenous in the Australian Census and Centrelink records and that can be linked to businesses in the Business Longitudinal Analysis Data Environment or BLADE. At present there is no Australian Bureau of Statistics data available on owners of companies who self-identified as Indigenous. Indigenous companies in our study are only those that appear on registries and thus represent an under-estimate of the actual Indigenous ecosystem.
Snapshot 3.0 - See my contribution at the report launch at 28:11
Part Four: Impacts of COVID-19 on the Indigenous Business Ecosystem
In this section we present analysis on the impact of COVID-19 on business and corporation survival rates for three parts of the Indigenous ecosystem: registered businesses, self-Identified Indigenous businesses and ORIC Corporations. Understanding the extent to which Indigenous-owned businesses and corporations survived COVID-19 (up until 2022) sheds light on the strengths and pressure-points in the ecosystem that can reflect current support effectiveness and areas for support extension. This work builds upon analysis by Supply Nation (2020, 2021) that focused on early impacts of COVID-19 on firms on their registries.
For more details please check the full report here.