CECNB helps strengthen local economies and build healthy, sustainable communities through co-op and social enterprise development.
There are 700+ co-ops and social enterprises in New Brunswick
They operate in almost every sector; agriculture, forestry, health, construction, energy, housing, transportation, finance, arts and culture, technology, retail, and more.
They generate nearly $2 billion in annual revenues and create approximately 16,000 full time jobs.
Co-ops in Canada demonstrate growth 3x that of the economy in general, job creation nearly 5x higher, and have a lifespan nearly 2x that of conventional companies.
are enterprises owned by a group of people who come together to pool their resources and meet common economic, environmental, social, or cultural needs in their community.
are businesses that sell goods or services in the market and invest the majority of their profits into social, cultural or environmental goals.
Co-ops and Social Enterprises
Are vital to rural communities and build local economies.
Provide opportunities to immigrants, First Nations communities, and vulnerable populations.
Are particularly attractive to millennials and youth.
Are a proven model for business succession.
Are perfect vehicles for raising local investment and creating local prosperity.
Job Creation and Economic Impact
With growth 3x that of the economy in general, job creation nearly 5x higher, and a lifespan 2x that of conventional companies, co-ops have repeatedly shown they are more sustainable than any other form of business.
Co-ops and social enterprises operate in every sector of the economy from forestry and fisheries to health care, construction, transportation, retail, processing, housing, finance, tourism, and much more. They are strongest in rural communities and often the only providers of critical services and products.
90% of MBAs from business schools in North America prefer working for organizations committed to social responsibility. Ethics and integrity, it seems, win out over financial reward.
Immigrants, First Nations, and Vulnerable Populations
The co-op business model is used worldwide and provides an opportunity for immigrants, First Nations, and others who face barriers to employment to build sustainable livelihoods. Studies show that nearly half of the co-ops and social enterprises in New Brunswick employ marginalized populations.