Co-ops’ performance in job creation and economic development in Canada is not theoretical. With growth three times that of the economy in general, job creation nearly five times higher, and a lifespan twice that of conventional companies, co-ops have repeatedly shown they are more sustainable than any other form of business. According to the Parliamentary Committee on Co-ops,
Co-ops have a huge impact on the New Brunswick economy. In 2014, CECNB conducted an economic impact study on 138 of our co-ops in partnership with the Shannon School of Business at the University of Cape Breton. It revealed that these co-ops:
Generated nearly $1.35 billion in annual revenues
Created the equivalent of 7500 full time jobs
Contributed $500 million to GDP and $330 million in employment income
In addition to co-ops, there are more than 550 social enterprises in New Brunswick. A comprehensive survey completed by CECNB in partnership Mount Royal and Simon Fraser universities in 2014 revealed that the average social enterprise in NB “employs 16.5 FTEs and generates $738,000 in annual revenues from the sale of goods or services”. Based on these findings, the co-op and social enterprise sector is responsible for the creation of nearly 16,000 jobs in our province.
 Survey of Social Enterprises in New Brunswick, Mount Royal University, Simon Fraser University, and the Co-operative Enterprise Council, Oct 2014
 The Economic Impact of Co-operatives and Social Enterprises in New Brunswick, George Karaphillis, Shannon School of Business, Cape Breton University, October 2014