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Box 11.2.4 Indigenous Business Australia — IBA EnterprisesIndigenous Business Australia’s (IBA) Business Development Programme, known asIBA Enterprises, directly assists Indigenous individuals, families and partnerships tosucceed in business. This is achieved through support for clients preparing to go intobusiness, and the provision of business loans and mentoring to Indigenous businesspeople.IBA Enterprises also undertakes economic development initiatives to encourageIndigenous people into business and to provide them with information and training. IBAEnterprises' holistic approach provides a continuum of support that helps Indigenousindividuals to get into business and to succeed.Nationally, business support approvals by IBA Enterprises totalled:• $3 211 890 in 2004-05• $4 226 972 in 2005-06• $6 595 620 for 2006-07 (to February 2007).Nationally, loan approvals by IBA Enterprises totalled:• $5 578 595 in 2004-05• $14 189 312 in 2005-06.Source: Indigenous Business Australia (unpublished)ECONOMICPARTICIPATION ANDDEVELOPMENT11.21

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