BEDC will host workshops on cooperatives
The Bermuda Economic Development Corporation [BEDC] will organize an introductory workshop on business cooperatives – Building Block 1, on December 1 and 2 in the BEDC training room.
A spokesperson said: “Facilitated by Dr. Rebecca Savoie, an international co-operative ecosystem and business developer, this dynamic workshop will provide participants with basic co-operative skills and business planning knowledge. Specifically, the workshop will benefit future cooperative champions [coop] businesses, people interested in becoming members of cooperatives, ecosystem players and cooperative financiers.
“Building Block 1 is the first in a series of co-op development workshops that will build on each other over the next year. Those who attend all three workshops will receive additional support to beta test their co-op ventures.
“Building Block 1 workshop topics include: the purpose of a co-op, value to the community, financial support to start your co-op, and the role technology plays in creating efficiencies in the marketplace.
“The members of a cooperative or a cooperative can be employees, producers or consumers. Members unite voluntarily to meet their economic, social and cultural needs through a jointly owned and democratically controlled for-profit enterprise. With the exception of the Bermuda Credit Union, cooperatives are still relatively new to Bermuda. However, they have a long history in the United States and Europe.
“One in three Americans is a member of a co-op and has 350 million co-op memberships worldwide. American co-operatives generate 2 million jobs a year, contribute $652 billion in annual sales and own $3 trillion in assets. Ninety-two million Americans turn to 7,500 credit unions — cooperatives — for their financial services.
“Cooperatives operate according to a human-centered business model based on the cooperative values of mutual aid and solidarity, the ethical values of social responsibility and concern for the community. Co-operatives can reduce inequality, create shared prosperity and help Bermuda build back better after Covid-19. »
Jonathan Starling, BEDC ECD Officer, said, “We continue to engage those interested in co-operatives and develop the policy framework to help new co-operatives thrive. As part of the post-Covid recovery for Bermuda, cooperative training and education programs have restarted to help develop a vibrant cooperative ecosystem in Bermuda. We look forward to welcoming Dr. Savoie and helping workshop participants grow their cooperative business.
The spokesperson said: “There will be two workshops held on Thursday, December 1: 12-2 p.m. and again 6-8 p.m. The last workshop will take place on Friday, December 2 from 12 p.m. to 2 p.m. For convenience, the same learning material will be covered in each of the three sessions, and refreshments will be served.
“Visit www.bedc.bm to learn more about cooperatives and register for upcoming workshops.