The Larrakia Development Corporation was established in 2002 by Larrakia people with the support of the Northern Land Council. The Council holds all shares in the organisation in trust for the Larrakia people. The Larrakia Development Corporation does not have a membership base; instead, its mission is enshrined in the Larrakia Development Corporation Trust deed. Its mission is "to promote the financial independence and lifestyle of all Larrakia people through the commercial development of assets and to do so in such a way that promotes employment, training and business opportunities for all Larrakia people". The Larrakia Trade Training Centre is one initiative of the Larrakia Development Corporation