Effects of WeWork bankruptcy on Canadian non-profits unknown

Five Canadian WeWork locations to close after U.S. company goes into receivership

Why It Matters

Non-profits have limited budgets, but coworking spaces like WeWork can help alleviate overhead costs due to their flexibility.

The bankruptcy of large U.S. workplace-sharing company WeWork is unlikely to affect Canadian non-profits, according to some in the coworking sector. “I don’t think there were many non-profits that used WeWork, at least not in Toronto,” said Tonya Surman, CEO of the Centre for Social Innovation, a social enterprise specializing in shared workspaces. “I think anybody who was at a non-profit knew that we were the place for them, or at least I sure hope so.”

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