CoActive Developments Worker Co-op (CoActive) – A new way to plan the succession of your business
Recognizing the unceded traditional territories of the Secwépemc, the Coast Salish People: xwməθkwəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səl̓ilwətaɁɬ / sel̓íl̓witulh (Tsleil-Waututh) nations whose lands provide us with nourishment, livelihood and recreation, Marty Frost, Chris Galloway and Daphane Nelson are today making an announcement relating to the launch of a new business CoActive Developments Worker Co-op (CoActive).
“The Silver Tsunami of business owner retirements is upon us, and with as few as 10% with a business succession plan in place; employees, customers, and the businesses themselves are being left in a precarious state. Exploring succession planning through Employee-Owned Businesses is a viable and exciting opportunity and we are delighted to offer this option to business owners in BC,” says Daphane Nelson, founding director of CoActive.
Each transition is unique, meaning that no two businesses will begin and end their development the same way. To broaden knowledge about cooperatives and to support accessibility to business owners and their employees, CoActive also reveals the commencement of a Feasibility Pilot Project. Ten businesses will be selected to undergo their individualized feasibility analysis at reduced cost to the owner and employee group.
For more information about CoActive and the Pilot Project, please visit our website www.coactive.ca. You can also follow us on LinkedIn and Facebook. Please use our online form to connect with us directly.
About CoActive Developments Worker Co-op
CoActive can help you sell your business to your employees. This worker cooperative was created to promote and support the development of Employee-Owned Businesses in BC. CoActive knows that broad-based employee ownership leads to stronger and fairer economies. Employee-Owned Businesses preserve jobs in small communities, are less likely to default on their debt and, and are more resilient in economic downturns.
Marty Frost, Daphane Nelson and Chris Galloway are the founding directors of CoActive Developments Worker Co-op which was incorporated in September 2022 after months of conversation and research around bridging gaps between the cooperative model and the business development sector. Their hope is to become part of a broader, innovative ecosystem permitting business to succeed in a myriad of ways.