August 2006
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Cooperative Development Services
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Money
Matters – Co-op Funding Options
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Funding
for Co-op Start Up / Expansion
There are a number financial programs directed at co-op development. These
include:
This
Board has funds available to make grants, generally less than
$5,000, to develop and promote the study of, or research into
co-ops, to promote education with respect of co-ops, to develop and
promote co-ops and to promote the general welfare of rural
Manitobans.
This
Board has the ability to provide loans guarantees to co-ops in
Manitoba to enable them to secure the financial services necessary
to develop or expand a viable co-op enterprise.
This
is a Federal Government Program that provides loan guarantees to
farmer owned marketing co-op to a maximum of $3,000,000 to improve
farm assets, strengthen production and improve financial viability.
Financial
Programs within the Government of Manitoba
The Government of Manitoba
has a number of programs that would be
applicable to co-op development. These include:
Neighbourhoods
Alive! provides financial support to encourage revitalization in
designated neighbourhoods for housing and physical improvements,
employment and training, education and training and safety and
crime prevention. Co-ops are eligible to seek funding.
Rural
Economic Development Initiative provides up to 50% cost shared
funding to hire an independent consultant to assist a new or
expanding rural Manitoba enterprise do financial analysis, market
analysis, engineering studies, business plan preparation and ISO
certification.
Other
financial programs available through the
Canada/Manitoba
Business Service Center
A
Federal / Provincial joint service, the center and its satellite
offices provide a wealth of information on financial and other
services provided by all levels of government and non government
organizations.
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