A new unit within the Ministry for Business, Innovation and Employment will be tasked with boosting Māori economic outcomes through a greater focus on financial literacy, education, a plan to improve Māori land productivity and a new Māori-oriented investment fund.
The Māori Economic Development Panel released its Māori economic development strategy and action plan yesterday.
A Māori economic development advisory board will also be appointed.
Māori Affairs Minister Dr Pita Sharples said the "Māori edge" added real value to New Zealand Inc.
“As Māori enterprises enter export markets, our people are showing that Māori culture is a strong basis for establishing inter-personal and cultural bonds that underpin business relationships. This is natural for Maori, and a strategy that New Zealand Inc. can adopt as well,” he said.
“The establishment of this unit marks the third phase of the Government’s Māori Economic Development programme, which started in early 2009 with the Māori Economic Summit Conference, which established a Māori Economic Taskforce, leading to the Māori Economic Development Panel which has produced this strategy and action plan."