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KRED Enterprises: building and sustaining independent Aboriginal economic development
Published by: CSRM
The energy and resources sector has a strong presence in the more remote regions of Australia and is now the largest private sector employer of Indigenous people. While there have been notable gains over the last decade, there is still more that can be done to increase Indigenous economic participation in and beyond the resources sector.
There are success stories but these are relatively isolated and the pool of full-time employees is also relatively small.
The challenge is to build diversified and well managed businesses that also generate a social dividend back to communities and regions, and an expanded labour pool with initiatives that focus on enabling greater skill development and employability, rather than just getting a job.
This publication is the first in a series of short teaching cases for classroom use featuring prominent indigenous businesses and developed in partnership with the United Nations University's Traditional Knowledge Initiative. KRED Enterprises in the Kimberley region of Western Australia is a innovative venture that has brought several Traditional Owner Groups together to further harness economic development opportunities from the resource sector. The case study documents the path to success of KRED and also the challenges they have surmounted but continue to encounter.