In 2005 the Department of Tourism, Culture, Industry and Innovation and the Newfoundland-Labrador Federation of Co-operatives (NLFC ) announced a partnership to advance co-operative development in the province. A joint five year Memorandum of Understanding (MOU) was initiated in 2007, which focused on enhanced development and promotion of the co-operative model to support business growth in rural communities throughout Newfoundland and Labrador.
Building on the progress of the 2007 MOU between the Provincial Government and the NLFC, a renewed MOU was signed by both parties in 2012, and again in 2017.The signing of the 2017 MOU renews a working relationship between both partners, focuses on the engagement of more TCII staff in co-op development, encourages opportunities for co-ops and credit unions to become more engaged in the development of new co-op initiatives in their communities, and places a greater emphasis on targeted research and opportunity identification in sectors with high potential for co-op development.
Identified as a goal in the MOU, the Department of Tourism, Culture, Industry and Innovation partnered with the Newfoundland -Labrador Federation of Co-operatives to implement a Business Retention and Expansion (BR&E) initiative with the co-op sector. The completed report will be used by the NLFC during its AGM on September 27, 2014 to facilitate a discussion about opportunities for co-operatives and their partners.
Co-op BR&E Final Report (1.2 MB)