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In 2005 the Department of Innovation, Trade and Rural Development and the Newfoundland-Labrador Federation of Co-operatives (NLFC) announced a partnership to advance the regional co-operative development strategy. The strategy will enhance the development and promotion of the co-operative model to support business growth in rural communities throughout Newfoundland and Labrador.
A regional co-operative developers’ network was established by comprising eight departmental staff with extensive experience working within rural communities. They were given co-op development training which helps them to identify co-operative opportunities, initiate regional projects, and promote the co-op model for business. Network members also assist existing co-ops with funding proposals and provide advice about by-laws, co-op legislation, board training, and business planning.
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