How might community ownership support rebuilding?
About This Collection
This past weekend, on July 3rd, the world marked the International Day of Cooperatives. It is curated by the International Cooperative Alliance, which was founded in 1895. The cooperative movement in Canada has a rich history, but more broadly, employee and community ownership models of financing, business, and social enterprises are gaining ground. Whether it's in domestic or global development contexts, these community ownership models will be integral to rebuilding post-pandemic — this collection illuminates just that.
Beyond donations: How two Canadian organizations are rebuilding community wealth post-COVID
Since COVID-19 first hit Canada in March 2020, the gap between the rich and poor has grown wider in communities, with nearly 40 percent of Canadians reporting deteriorating finances over the last year. The organizations that typically help them, however, are also suffering, with more than two-thirds of Canadian charities reporting an average 30 percent revenue drop, over the last year. To rebuild after the pandemic, organizations will need to experiment with innovative new ways to mobilize social finance and build community wealth.