Ontario Trillium Grant
On Co-op Receives Grant to Develop 60 New Co-ops in Ontario!
Thanks to a significant grant of $486,500 from the Ontario Trillium Foundation (OTF), we will be able to impact thousands of community members directly and indirectly across the province, through the creation of sixty new co-operative enterprises.
On April 28, Local MPP Liz Sandals and OTF Grant Review Team member David Murray, came to the On Co-op office in Guelph, to personally congratulate the Association’s Executive Director, Erin Morgan and staff team, and to learn more about how the two-year grant will support and strengthen the Ontario co-operative movement.
On Co-op plans to use the funding to:
- Expand their co-operative business networks from six to nine regions within the province, which will enable On Co-op to provide region-specific assistance to area co-operatives. Evidence shows that business survival rates increase when enterprises engage actively in these networks. It is anticipated that it will catalyze the creation of sixty new co-operative enterprises and depending on the model, will impact thousands of community members directly and indirectly.
- Enhance the services provided by Ontario’s 125 business development organizations. By integrating co-op specific resources into these organizations’ services, they will be better equipped to support the growth of co-operative enterprises and respond to the needs of community-focused entrepreneurs.
We would like to take this opportunity to extend a very big THANK YOU to MPP Liz Sandals, the Ontario Trillium Foundation and the Ontario Provincial Government, for this incredible opportunity and support the Fund is providing for the development of co-operative businesses across Ontario!
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