Enterprise development requires a mixture of micro and large scale enterprises to support local, regional and national communities. Small scale enterprises are important for local and regional development. Much of the north has shared resources, both culturally and genetically, and this requires new ways of developing small scale enterprises.
NAILSMA takes a strategic approach to how development across the region may occur. This approach is called a ‘culture-based economy’, which is an approach that allows people to engage in a market economy whilst maintaining and adding value to their cultural values.
Culture-based economic outcomes can be achieved by increasing Indigenous engagement and return in traditional and emerging industries for social, cultural and environmental benefits. Indigenous people in northern Australia have refined their management of these landscapes over thousands of years, having occupied this landscape for at least 50,000 years.
The traditional industries are such industries as mining, pastoral, fishing and pearling. The emerging industries are industries such as carbon, water, biodiversity, coastal management and general payment for environmental services industries.
Importantly the culture-based economy sustains people whom chose to reside on their ancestral lands, and provide unique and refined management for the global community, including their local communities.