Growing Pacific business

The growing number of successful businesses owned by Pacific people is good not only for their owners but for New Zealand’s economic future, says Pacific Island Affairs Minister Hekia Parata.

Ms Parata addressed business people at a Pacific Business Trust seminar in Porirua last week.

‘‘It takes a lot of courage to start a new business and I understand how important it is to nurture Pacific business owners,’’ says Ms Parata.

‘‘ Sessions like this, which showcase successful businesses and encourage more business start- ups, are of immense value. These sessions have helped establish 244 new Pacific-owned businesses over the last four years and have created 506 new jobs.’’

The Pacific population is the fastest naturally growing population in New Zealand. By 2026, one in 10 people will be of Pacific descent and they will make up a significant proportion of our workforce, Ms Parata says.

The Pacific Business Trust, funded through the Ministry of Pacific Island Affairs, offers training, support and business development services to help Pacific entrepreneurs and business people succeed.

‘‘No-one can guarantee that every business venture will succeed. With every start-up there is a degree of risk,’’ she says.

‘‘However, the support of the Pacific Business Trust means that Pacific people starting out in business, or those already established, have someone to help support and guide them toward their goals.’’