Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Greater Engagement Between Industry And Māori Enterprises

JOINT MEDIA STATEMENT: Federation of Maori Authorities, BusinessNZ, Federated Farmers, Industrial Research Ltd, National Urban Maori Authority


New Initiative for Greater Engagement Between Industry And Māori Enterprises

New Zealand’s leading business organisation, the country’s largest Māori network, New Zealand's leading independent rural advocacy organisation, one of New Zealand’s leading high-tech science and engineering institutes, and New Zealand’s urban Māori collective have today confirmed their commitment to a new initiative designed to provide greater engagement between Māori-led businesses and business-support services.

Today’s announcement will see BusinessNZ, the Federation of Māori Authorities (Federation), Federated Farmers, Industrial Research Limited (IRL) and the National Urban Māori Authority (NUMA) building on BusinessNZ and the Federation’s existing Memorandum of Understanding (MoU), announced in July. This new reference group will have a wider reaching scope, as it now includes Federated Farmers, IRL and NUMA. The reference group will showcase its commitment to recommendation 23 of the Māori Economic Development Panel’s Action Plan with a focus on improving engagement between industry groups and Māori enterprise.

Chief Executive of the Federation, Te Horipo Karaitiana said that the Federation was excited at the potential that existed within Māori enterprises.

“There are a lot of exciting opportunities for Māori, particularly amongst some of our more recent enterprises and also where the farming industry is considered. We think that with the right sort of mentoring and networks with industry groups, there’s some real progress to be made in new areas alongside our MoU with Federated Farmers, IRL and NUMA.

“Already we’ve started to see the benefits of our links with BusinessNZ and believe this is a model that can work for other Māori groups in a similar position.”

BusinessNZ Chief Executive Phil O’Reilly said the initiative meant the organisation could foster greater engagement with Māori, ensuring that Māori business gets the attention it deserves.

“Our organisations recognised the benefits from aligning our efforts earlier this year through the MoU and we’re starting to see some of those gains take shape. This new initiative will help strengthen our efforts, enabling us to channel our combined industry knowledge and advice into helping a greater number of Māori enterprises who want to get involved with us.”

“The ultimate aim of this initiative is to promote better responsiveness to Māori enterprise needs which will lead to more enterprise partnerships, including job creation and essential economic development.

Federated Farmers President, Bruce Wills, echoing these statements, has a great outlook on the relationship and what it can do for Māori.

“We want to be engaged on this issue. We have a commitment to the agricultural industry going back 67 years and can offer effective advice for growth between enterprises and industry. We have seen what the MoU has been able to achieve recently, and we can contribute to that in a new kind of way, heading off in a complementary direction. We are looking forward to seeing our relationship with these other organisations flourish in order to work for Māori, long term.”

IRL has been working with the Federation and other strategic Māori industry partners to support their businesses to look at how they can work with Māori focused businesses on commercialising and further lifting the performance and productivity of Māori assets and resources.

Gavin Mitchell, Industry Engagement General Manager of IRL said: “The Māori economy continues to be an increasingly important part of the NZ Inc journey, so providing multi-sectorial Māori businesses with a ‘one stop shop’ to get better value from their products is vital to New Zealand’s economic growth. Leveraging and growing the $37 billion Māori asset base through science and innovation is going to make a significant impact on the New Zealand economy.”

National Urban Māori Authority spokesman John Tamihere confirms that this initiative will work by embracing Māori customs, culture and community within the urban centres.

“It is the latent talent pool of Māori entrepreneurial activity that takes place in cities. It is the urban Māori who will drive and grow the Māori economy.”

END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news