Question
Read the following article and answer the questions. The question is worth 6 marks Co-Ops have cash available for community projects ROGER KNOX, Jan. 29,
Read the following article and answer the questions. The question is worth 6 marks
Co-Ops have cash available for community projects
ROGER KNOX, Jan. 29, 2018 12:30 p.m.,
Co-ops across Western Canada, including those in Vernon, Armstrong and Salmon Arm, are helping to create places for everyone through the Co-op Community Spaces program.
In 2018, $2 million is available to support capital projects led by charitable and non-profit groups across Western Canada.
Co-op Community Spaces is supporting local projects dedicated to recreation, environmental conservation and urban agriculture. Funding between $25,000 and $150,000 is available per project.
"As Co-ops continue to grow across Western Canada we want to ensure that communities grow right along with us," said Vic Huard, executive vice-president of strategy at Federated Co-operatives Limited (FCL). [Federated Co-operatives Limited is a co-operative composed of individual grocery stores (Co-op) and gas stations in Western Canada that make up the co-operative retailing system]
"That's why the Co-operative Retailing System (CRS) continues to give back and invest in our communities. Co-op Community Spaces provides the opportunity to celebrate Western Canadian communities and the efforts of the people behind important local projects."
The program was launched in 2015 to help protect, beautify and improve local spaces.
Since then, it has provided $4.5 million to 64 projects, including parks, greenhouses and sports fields. The program is administered by FCL on behalf of the CRS.
Co-op invites registered non-profit organizations, registered charities or community service co-operatives to apply online between Feb. 1 and March 1.
1. Federated Co-operatives Limited appears to take the International Co-operative Alliance principles very seriously. Describe at least two principles that this activity appears to be related to.
2. Each individual co-operative that operates as part of the Co-operative Retailing System may benefit by this combined action of the retailing system and the Federated Co-operatives Limited. How do you think an individual retail co-op (grocery store or combined grocery store and gas station) might benefit from this action?
3. Identify two ways you think this action of Federated Co-operatives Limited may change the behaviour of other food and gas retailers in Western Canadian communities.
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