Social Enterprise Through Acquisition (SETA) Project
The NLFC is excited to embark on a journey to support private business to transform into co-operatives in Rural Newfoundland & Labrador through the SETA project.
With an alarming 55 per cent of small and medium-sized enterprises (SMEs) with 1-4 employees in our province projected to exit within the next five years, primarily due to retirement, SETA’s mission is clear. We aim to facilitate the transformation of vital local, private businesses in Newfoundland and Labrador into sustainable social purpose community organizations (SPOs) to strengthen local economies and ensure the continuity of essential community services.
"Community Collaboration Sparks Transformation: $750,000 Investment to Preserve Businesses in Newfoundland and Labrador"
Project Partner: Community Sector Council NL
Project Funder: Northpine Foundation
Two Whales Coffee Shop - The First Co-op Conversion in this Project is in the Works!
Thank you to Flourish Community Development Co-operative and the Canadian Worker Co-operative Federation for making the Two Whales Coffee Shop Co-operative Conversion journey possible!