Tag Archives: The Alberta Community and Co-operative Association

Opportunity Development Co-operatives

Unleashing Local Capital (ULC)  has a food system connection.   ULC helps communities establish local RRSP-eligible investment cooperatives to support local economic development opportunities   One of ULC’s first investment cooperatives is described in this video:

Sangudo Opportunity Development Co-operative

Like many rural Albertan communities the hamlet of Sangudo was in a slow state of
economic decline. In this video, some of the community members who were instrumental in developing the Sangudo Opportunity Develoment Coop, discuss how they created the organization that raised the capital to invest in local businesses. Watch YouTube video

The Sangudo investment coop went on to make  additional investments in the abattoir, which has expanded from 1.5 staff at the takeover, to 20 staff at peak and it now has some of the most advanced meat processing technology in the province.  The group in Sangudo also invested in a new restaurant start up, which served a good portion of local food (including from the abbatoir).   We know have 8 communities with ODC with several are focused in investing in various links in the local food system.  Read more at the Alberta Community and Co-operative Association