B.C. government investing in affordable homes in the Downtown Eastside
The Government of British Columbia says it is investing in people in the Downtown Eastside with approximately 450 units of affordable rental housing being constructed for low- to moderate-income households. These units are being funded through the government’s Budget 2017 Update, which included a commitment of $208 million to build 1,700 affordable rental-housing units over the next four years. The Province is working in partnership with the City of Vancouver, Vancouver Coastal Health and four non-profit service providers to ensure the appropriate housing and support services will be made available. The B.C. government is committing approximately $83 million for the projects, two of which are on Hastings Street, and two on Cordova Street.
Margaret Atwood joins effort to cover cost of environmental study at Pelee Island Co-op
Canadian author Margaret Atwood — who once received help from the co-op when she was stranded without food — is now stepping up to help Ontario’s Pelee Island Co-op. The century-old Pelee Island Co-op is struggling to cover the costof an $80,000 environmental study ordered by the Ministry of Environment and Climate Change. The award-winning author tweeted her support for the co-op and posted a link to an Indie-gogo campaign aimed at helping to cover the study.
Interested in a better Internet Invest in a music co-op
If you’re interested in a better internet—that balances the needs of creators and consumers—there is now the opportunity to invest in a music co-op, called Resonate. Resonate is a streaming service like Soundcloud or Spotify. But it has major differences. Your member share means that you own a portion of Resonate. And you can vote on how the business is operated and at the end of the year, you can share in the profits.
Calgary Co-op’s $2.2 billion vision for growth
The co-ops in Alberta seem to do things big. The Calgary Co-op has grown from its launch in 1956 to be one of the largest and most successful retail co-operatives in North America, a strong local brand with a membership of more than 460,000 Calgarians who share in its profits. The Co-op employs more than 3,950 Calgarians, a number about to become much higher as it proposes to invest an additional $1 billion over the next eight years in retail operations. A further $1.25 billion will be invested in various residential and office projects. The Co-op is also investing in upgrades to its existing inner-city stores to support multi-purpose developments being pursued by the city.