Sydney, Nova Scotia, June 7, 2013

Archived - Minister of Finance Announces Financial Support for Purdy Crawford Chair in Aboriginal Business Studies

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The Honourable Jim Flaherty, Minister of Finance, today announced that the Harper Government is providing $5 million over five years, as outlined in Economic Action Plan 2013, to expand the Purdy Crawford Chair in Aboriginal Business Studies at Cape Breton University.

“Canada’s long-term economic prosperity depends on the entrepreneurial spirit and initiative of Canadians,” said Minister Flaherty at an event at the university. “The Purdy Crawford Chair in Aboriginal Business Studies is a fine example of this. The program is encouraging Aboriginal peoples in Canada to study business at the post-secondary level, while undertaking pure and applied research specific to Aboriginal communities. This program is helping to build a brighter future for Aboriginal youth and helping to promote independence and economic self-reliance for Aboriginal communities.”

Building on its successes to date, the new investment will position the Chair to undertake capacity building in Aboriginal business studies across Canada, encourage Aboriginal entrepreneurism and disseminate best practices from coast to coast to coast. The national expansion will contribute to building a new generation of university educated business professionals among Aboriginal youth. To enhance the reach and resources of this initiative, the chair will enhance its partnerships with universities and Aboriginal organizations and others.  

“Our Government believes that Aboriginal youth in Canada will be among the next generation of entrepreneurs, business leaders and financiers,” said Minister Flaherty. “Aboriginal youth represent the fastest-growing demographic in Canada, and the country is experiencing a skills and labour shortage in a range of industries. Engaging, educating and training Aboriginal youth is critical to Canada’s economic future.”

For further information, media may contact:

Kathleen Perchaluk
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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