Social enterprises, non-profits, charities and co‑operatives help build stronger communities, and contribute to a resilient, inclusive economy that benefits all Canadians. That is why the Government of Canada is investing in the Newfoundland-Labrador Federation of Co-operatives (NLFC) to spark the growth of co-operative organizations in the Northeast Avalon region of Newfoundland and Labrador.

“Business and co-operative incubators help position new enterprises for success by providing guidance, resources, and an entrepreneurial community. This investment from the Government of Canada will help the Newfoundland-Labrador Federation of Co-operatives continue to support and develop the local co-operative sector, further fueling Atlantic Canada’s economic momentum.”
- The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

“While there are approximately 70 registered co-operatives in Newfoundland and Labrador, the co-operative arena is still largely underdeveloped. Through this project, we will help NLFC enhance its capacity to respond to economic development opportunities and challenges and support the growing co-operative sector in the province.”
- Joanne Thompson, Member of Parliament for St. John’s East

 

“We are thrilled about the funding for our Co-operative Incubator Pilot Project, as it is an incredible commitment to enhancing support for co-operative development in the province. This project will help to bridge new collaborations, capacity, and support to co-operative entrepreneurs wishing to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise.”
- Dave Walsh, Managing Director, Newfoundland-Labrador Federation of Co-operatives

• For almost 75 years, the Newfoundland-Labrador Federation of Co-operatives (NLFC) has been the voice representing co-operatives and credit unions in Newfoundland and Labrador. It promotes the co-operative business model and provides a common table around which members can work together to address their collective needs.

• The NLFC works in partnership with other regional and national co-operative organizations, representing the interests of local co-operatives and facilitating support for programs and services.

• The co-operative business model is very versatile and can be applied to an organization of any size, in any sector. Profits from co-operatives are distributed in a wide variety of ways, all of which directly benefit the communities the co-operative operates within.

• This project was made possible through the Regional Economic Growth through Innovation (REGI) program.

Related products

• Newfoundland-Labrador Federation of Co-operatives (NLFC)
• Regional Economic Growth through Innovation (REGI) program
• The Atlantic Canada Momentum Index

Hugo Alvarez

Press Secretary

Office of the Minister of Rural Economic Development

Hugo.Alvarez@ised-isde.gc.ca

Paul McGrath

Director of Communications

Atlantic Canada Opportunities Agency

709-689-5731

Paul.McGrath@acoa-apeca.gc.ca

Dave Walsh

Managing Director

Newfoundland-Labrador Federation of Co-operatives

709-726-9434

dave@nlfc.coop