What strategies can we use to build an economy that puts people and planet first? Canada is asking this question and proposing answers that might be helpful to those in the U.S. driving efforts to grow mission-driven and employee-owned enterprises.
Like the U.S., Canada faces a business succession crisis that has been accelerated by COVID-19. The government would like to accelerate what the Canadians call “social acquisitions for business recovery”—i.e., relaunching local businesses that may be closing (as a result of the recession or retirement) as social purpose organizations: mission-driven organizations “aiming to achieve a social, cultural or environmental benefit.” A social purpose organization can take any number of forms: charities, non-profits, social enterprises, or cooperatives. (Read more).
