Social Enterprise through Acquisition - SETA
We’re excited to introduce our transformative initiative aimed at preserving businesses in rural Newfoundland and Labrador while creating opportunities for revenue diversification in the community sector. Whether you are a business owner contemplating retirement or a nonprofit organization seeking growth, we encourage you to explore the possibilities.
With an alarming 55 per cent of small and medium-sized enterprises (SMEs) with 1-4 employees in our province projected to exit within the next five years, primarily due to retirement, SETA’s mission is clear. We aim to facilitate the transformation of vital local, private businesses in Newfoundland and Labrador into sustainable social purpose community organizations (SPOs) to strengthen local economies and ensure the continuity of essential community services.
How to Get Involved
If you’re interested in exploring how this initiative can benefit you as a business owner or an organization, the Expressions of Interest are open for both small business owners looking to sell and community organizations looking to buy. Together, we can shape the future of rural communities in Newfoundland and Labrador.
Submit your Expression of Interest
Submit your Expression of Interest as a Buyer
Are you looking to boost revenue or explore new sources? Considering social enterprise as part of your strategy or contemplating business acquisition?
Submit your Expression of Interest from a Seller
Are you considering retiring or selling your business? Want it to remain a vital part of the community?
Discover the vibrant partnership between Community Sector Council NL and the Newfoundland and Labrador Federation of Cooperatives (NLFC), advancing the SETA project with the generous support of the Northpine Foundation.
