Co-operatives play a vital role in creating jobs and supporting local economies in communities across Newfoundland and Labrador. To recognize their contributions, the Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology, in cooperation with the Newfoundland and Labrador Federation of Co-operatives (NLFC), has declared October 13-19 as Co-op Week in the province.
This week offers a chance to reflect on the positive impact that co-operatives have on the lives of Canadians and to celebrate their role in building stronger communities.
There are about 70 registered co-operatives in Newfoundland and Labrador employing more than 1,000 people supported by some 100,000 people who are member-owners. Co-operatives are helping to improve, sustain and stimulate the social and economic conditions in communities throughout this province, providing opportunities in areas such as housing, child care and financial services.
The Department of Industry, Energy and Technology recognizes the important work of the NLFC in supporting the ongoing growth and development of the co-operative sector. The department and the NLFC collaborate to support existing co-ops and the development of new co-ops and micro-businesses in the province. For example, the department’s financial contribution to the NLFC Co-operative Incubator Pilot Program for co-op startups led to three co-ops successfully graduating and becoming provincially incorporated.
Through the Community Capacity Building (CCB) program, as well as the Regional Development Program (RDP), the department supports co-operatives and other community-based economic development organizations to enhance skills and implement projects essential to regional economic planning and development. Groups interested in learning more about the co-operative business model and available opportunities should contact their local IET office or the NLFC.
Quotes
“The co-operative sector contributes significantly to the local and provincial economy by providing programs and services and creating employment opportunities across Newfoundland and Labrador. I would like to thank the NLFC for their continued work to support individuals and purpose-led businesses to have a positive impact on communities small and large. We will continue to work with co-operatives and the NLFC to support the ongoing growth and development of the co-operative sector.”
Honourable Andrew Parsons, KC
Minister of Industry, Energy and Technology
“For 75 years, the Newfoundland & Labrador Federation of Co-operatives has been supporting the co-operatives of our province representing over 100,000 members! This Co-op Week, we assert that “CO-OP’S MEAN BUSINESS!” While driven by social benefits like quality of life for members and their shared communities, economic goals of profitability and providing jobs are equally prioritized. Co-operative businesses are ensuring a future for our province!”
Dave Walsh
Managing Director, Newfoundland-Labrador Federation of Co-operatives
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Learn more
Community Capacity Building
Newfoundland-Labrador Federation of Co-operatives
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