When you’re starting a social impact organization, you face a capital gap: how do you get the cash infusion you need to build a successful business? However, there’s a crucial question you need to ask: will external funding serve your social impact purpose, or sully it?
Provincial policy could make an impact if it engaged cooperatives
Every year, the Province of British Columbia creates a budget – just like every other jurisdiction in Canada. And each year, when the Province creates its budget, it sketches out its policy priorities for the coming year.
This year, we were disappointed to find that the Province of British Columbia did not create policy opportunities to support cooperatives and community economic development in the budget. We need cooperatives now, more than ever, and we need the Province to support their impact in communities. In reading the Province’s budget, it’s our view that there are a number of places where government could invite cooperatives into their plans and projects and make real community impacts that have a long-lasting effect.
Since the economic crisis in 2008, British Columbians and Canadians want to find ways to support their local economies rather than subsidizing businesses that move that value out of communities and out of Canada. Cooperatives are a prime and valuable way to do that. If the Province of BC were to bring cooperatives into their planning, we’d make an impact.