04/27/2016 11:36 EDT | Updated 04/28/2017 05:12 EDT

First Nations Economy Worth $1.1 Billion In Atlantic Canada: Study

The study also says that the indigenous economy creates more than 16,000 full-time jobs.

The Canadian Press

HALIFAX — A newly released study says Atlantic Canada's economy is bolstered by $1.14 billion in business and household spending from the region's indigenous community.

The study says the indigenous economy creates more than 16,700 full time equivalent employment positions and contributes $184.5 million in overall tax revenues.

Study co-chair John G. Paul says the study shows indigenous communities are significant contributors to the region's economy.

Paul says given the indigenous population is the fastest growing and youngest in Canada, aboriginal communities are looking for innovative ways to grow the economy.

The report's findings will be used to inform government and community economic policy and to help develop business growth.

The report was authored by Group ATN Consulting on behalf of the Atlantic Policy Congress of First Nations Chiefs Secretariat.


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