“[The agreement] allows these communities to access funds to buy income-generating assets for their businesses,” Power said.
“That will lead to greater economic activity in those communities, increased employment and greater economic self-sustainability.”
Power said currently there is very little enterprise able to be sustained in such communities.
“What these initiatives do is provide Aboriginal companies and entrepreneurs with [the tools] to meet the needs of the surrounding industry, particular mining,” he said.
He also touched on the future of opportunities in the remote areas Fortescue operates – watch the video above to find out more.
Kathleen Jahour is Head of Regional Business Banking WA at ANZ