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Catalyzing worker co-ops & the solidarity economy

Co-ops as a Solution to the 'Silver Tsunami'

SMEs could also consider selling the business to employees or community stakeholders who have formed co-operatives. Such transitions, known as Business Conversions to Co-operatives (BCC), are a tried-and-true solution for rescuing businesses or for succession planning in numerous jurisdictions around the world.

Lack of knowledge about BCC as an option here comes at a significant cost to Canada.

If there was more knowledge of this concept throughout Canada, potentially thousands of companies — and the jobs they provide — could continue to operate. Successful examples of BCCs have been documented in Canada across multiple industries, including newspapers, railway shortlines, stores, theatres, campgrounds, farms and professional services firms.

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