Prosperity Framework

Growing NSW’s first economy

Growing NSW’s first economy is the NSW Government’s framework to promote the economic prosperity of Aboriginal people and communities in NSW.

Aboriginal economic prosperity is a key element of OCHRE, the NSW Government’s plan for Aboriginal affairs.

Growing NSW’s first economy is not a stand-alone policy. It does not prescribe specific programs or initiatives for Aboriginal people. Its approach is different.

Growing NSW’s first economy integrates Aboriginal economic participation into NSW Government priorities which focus on:

  • Jobs and employment
  • Education and skills
  • Economic agency

Read about Growing NSW’s first economy here

Inquiry into economic development

On 1 May 2017, the NSW Government tabled its response to the Standing Committee on State Development’s Inquiry and Report into economic development in Aboriginal communities in NSW.

The NSW Government’s response is available here

Aboriginal Procurement Policy

The Aboriginal Procurement Policy (APP) aims to grow Aboriginal businesses and support 3,000 additional Aboriginal employment opportunities and deliver three per cent of NSW Government contracts to Aboriginal businesses by 2021.

The policy has three elements:

  1. NSW Government agencies will be allowed to directly procure goods and services valued up to $250,000 from qualified Aboriginal businesses.
  2. all NSW Government agencies will be required to set Aboriginal business procurement targets and report outcomes for contracts over $10 million.
  3. the policy targets 3% of Government goods and services contracts to be awarded to Aboriginal-owned businesses by 2021, and contribute to an additional 3,000 employment opportunities across government supply chains.

The APP, for implementation from 1 July 2018, is one of a number of commitments to Grow the First Economy of NSW, which integrates Aboriginal economic participation into NSW Government Priorities with a focus on:

  • Jobs and employment
  • Education and skills
  • Economic agency

The NSW Government takes a strengths-based approach to Aboriginal economic prosperity. This is reflected in OCHRE, the NSW Government’s community-focused plan for Aboriginal affairs in NSW, but also in Aboriginal Affairs’ broader work with NSW First Peoples.

The NSW Government spends approximately $20 billion a year on goods and services. The APP will generate social and economic returns from this expenditure, such as employment opportunities for Aboriginal people.

Learn more about the Aboriginal Procurement Policy on the Department of Finance, Services & Innovation website.


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