Spurred on by tough financial times, co-operatives are re-emerging in
Australia as viable, progressive businesses. Country-wide, co-ops have
saved "essential" community services and meeting places from the local
store or pub to hardware suppliers, bakeries, cinemas and caravan parks.
Recent start-ups include a wind farm and a medical centre. The co-op
renaissance combines commercial aspirations and social purpose in a
thoroughly sustainable 21st century business model as communities work
to meet their own needs through social enterprise. What's not to like?
Outdated legislation and lousy funding opportunities. So, will the focus
from the International Year of Co-operatives in 2012 change all that?