Matters that Matter: 2024 Alberta Provincial Budget Submission

Building a Stronger Future for Alberta Co-ops

As pivotal decisions shaping Alberta's future unfold in the upcoming 2024 provincial budget, ACCA underscores the crucial role of co-operatives and advocates for their inclusion in the 2024 strategic financial plan. ACCA urges a critical strategic investment to foster growth and resilience within Alberta's co-operative sector. This targeted funding aims to propel ongoing projects, fortify businesses, and deliver essential support and education for the co-operative model across the province. The impact of this investment is poised to be transformative, laying the groundwork for a stronger, more prosperous future for co-operatives and the communities they serve in Alberta.

This strategic investment aligns with a collective vision of cultivating a robust co-operative landscape, contributing significantly to Alberta's economic prosperity and community well-being. ACCA desires a collaboration with the government of Alberta to build a flourishing co-operative sector for the benefit of all Albertans.

To fortify the foundation of Alberta's co-operative movement, ACCA advocates for initiatives that support the sector:

1. Build Capacity and Bolster Co-op Development:

• Amplify ACCA's central voice to support emerging and established co-ops.

• Allocate resources to enhance public awareness of the co-operative model.

• Support initiatives showcasing the benefits and sustainability of co-operatives across various sectors.

• Promote sector-specific training and development within the co-operative sector.

2. Provide Access to Capital:

• Support financial mechanisms tailored to the unique funding needs of co-operatives.

• Collaborate with financial institutions to develop tailored lending programs recognizing co-operatives' distinct governance and financial structures.

3. Address Policy Changes:

• Collaborate with the Government of Alberta to ensure policies and programs account for co-operatives.

• Raise awareness among policymakers and regulators about co-operatives' unique contributions and needs.

• Advocate for policy changes considering co-operatives, granting them eligibility for beneficial programs, partnerships, and initiatives.

4. Enhance Co-operative Governance Support:

• Establish programs providing guidance and resources for effective co-operative governance.

• Recognize the importance of diverse, experienced individuals in co-operative boards and support initiatives to enhance board effectiveness.

Our Vision for a Resilient Alberta:

ACCA envisions a future where co-operatives are integral to Alberta's economic resilience and prosperity. Co-operatives play a vital role in building sustainable communities and fostering economic diversity. This funding aligns with our long-term vision, positioning co-operatives as pillars of strength in the province.

Conclusion:

The funding application represents more than just financial support for ACCA; it's an investment in the future of co-operatives and members in Alberta. ACCA is confident that by addressing these strategic priorities, Alberta's co-operative sector can overcome current challenges and thrive as a cornerstone of the province's economic and social fabric. We extend our gratitude for the ongoing support and commitment of our members. Together, let's build a stronger, more resilient Alberta.