Canadian Co-operative Investment Fund makes first investments
The Canadian Co-operative Investment Fund has approved the first four investments from its $25 million fund. And a B.C. co-op is among those investments.
The Kootenay Country Store Co-op in Nelson, B.C. moved to a new store in 2016. It added a new food services department and seating area, which rapidly became the community hub the store hoped for.
However, it also has rapidly become standing room only during peak hours. Thanks to the loan from the co-op investment fund, they are now able to proceed with an expansion of their seating area through the addition of an exterior patio area.
Quebec co-op Olymel announces deal to buy Pinty’s Delicious Foods
Quebec-based meat processor Olymel has announced a deal to acquire Pinty’s Delicious Foods, a poultry processing company in Ontario.
Olymel is the meat processing division of La Coop fédérée, one of the largest co-ops in Canada.
Pinty’s has its roots in two family businesses dating back to 1943. The owners and management of Pinty’s said they were happy to have found a Canadian buyer. The company employs 360 people, and sells products in Canada and the U.S.
Sunshine Coast Credit Union, The Co-operators and Sunshine Coast Community Services Society collaborate on new housing support project
In terms of supply and affordability of rental housing, the Sunshine Coast ranks as one of B.C.’s top ten communities in critical condition.
But three community-minded organizations are working together to launch a new service that aims to keep people housed during times of acute financial stress. The program offers short term interest-free loans and support through advocacy and referral services.
Recognizing the need for a variety of solutions to support housing security, the Sunshine Coast Credit Union, The Co-operators and Sunshine Coast Community Services Society are working together to develop and deliver a service that will support individuals experiencing a temporary financial crisis. Tenants facing the potential for eviction, or the termination of their utilities, will be able to apply for a short term interest free loan. Applicants will be required to qualify based on specific criteria including minimum income verification.