Auckland’s Māori economy a ‘formidable force’

Published: 05 August 2015
Filed under: Economic development

Auckland Tourism, Events and Economic Development (ATEED) has welcomed the New Zealand Institute of Economic Research’s report, The Auckland Māori Economy, commissioned by the Independent Māori Statutory Board.

The report reveals that Auckland Māori entities and businesses had assets of $23 billion in 2013, while the Māori economy accounted for about 5 per cent or $4 billion of the regional gross domestic product.

The report also says improving Auckland Māori participation rates in study, work and entrepreneurship will deliver significant economic benefits.

Brett O’Riley, ATEED Chief Executive, says: “The Māori economy is a formidable force within Auckland’s regional economy. ATEED is developing some exciting plans to further advance the business and economic well-being of mana whenua and mataawaka in the Auckland region.”

The second Māori Economic Growth Forum will be held early next year, following a successful inaugural event in June 2014.

More than 100 iwi representatives, business leaders and Māori SME owners attended the 2014 forum, where they shared ideas and made important connections to grow their businesses.

Brett O’Riley says: “The inaugural Māori Economic Growth Forum highlighted a strong interest in ICT and digital activity. ATEED is developing initiatives that will open up more opportunities for entrepreneurs in this area, helping grow the Māori technology and digital economy and increasing skills in what is a fast-growing sector.”

ATEED provides a range of services for Māori businesses, including capability building and connection to relevant business support activities. It also runs a Māori tourism development programme, supporting businesses with market intelligence and start-up advice through to visitor and export opportunities.

Brett O’Riley says: “We will continue to look for opportunities to showcase and develop the Māori economy, culture and capability in Auckland. This includes identifying appropriate investment and sector partners, and growth initiatives.”

Ends

For further information please contact:
Duncan Croft, Senior Communications Advisor, ATEED
021 827 046

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