The action plan covers three years 2018 – 2021 with a focus on four growth objectives:
- Increase the number of social enterprises in Newfoundland and Labrador.
- Enhance services for existing social enterprises.
- Provide government and stakeholders with an engagement approach that ensures ongoing social enterprise input.
- Foster a culture of innovation through regional co-operation using the innovative tools of community economic development.
It states that: Social enterprises play an important role in Newfoundland and Labrador. They find innovative ways to increase the well-being of our communities through the sale of goods or services to further social, community economic, cultural and environmental goals.
The Social Enterprise Action Plan is based upon the principles of community economic development, which means the primary aim is to serve members of the community and collectively contribute to economic diversification in all regions of Newfoundland and Labrador. It provides actions to support not-for-profit and co-operative organizations looking to explore new approaches to revenue generation.
References to rural social enterprise are limited although it does commit to use research to understand the social enterprise sector and identify and support new social enterprise opportunities in both rural and urban areas (Page 17).
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