The Canadian Community Economic Development Network suggests 4 key actions to stimulate prosperity.
1. Create a Social Enterprise Capital
2. Implement an RRSP eligible CED tax credit
3. Support local procurement policies
4. Create an enabling environment for co-operatives and social enterprise growth
These 4 steps have a lot of other benefits, co-benefits, such as diversifying and supporting the local economy, an invaluable strategy in a highly globalized world. And co-operatives also help to diversify and buffer economic downturns, research show they are more stable during these periods, and all of these steps contribute to meaningful employment, vital to healthy communities.