Enhancing BDC Support for Co-operatives and Social Enterprises

December 20, 2023

On November 29, the Honourable Rechie Valdez, Minister of Small Business, tabled in Parliament the 2010-2022 Business Development Bank of Canada Legislative Review Report by Innovation, Science and Economic Development Canada on the statutory review of the Business Development Bank of Canada Act (BDC Act).

The BDC Act requires that the Minister of Small Business, together with the Minister of Finance, conduct a legislative review every 10 years to ensure the BDC continues to respond to the changing needs of small and medium-sized enterprises (SME) and delivers the support businesses across Canada need. The BDC legislative review was a year-long process involving public consultations and meetings with stakeholders and businesses to evaluate BDC’s performance in fulfilling its mandate and to consider how BDC can continue to best support Canadian businesses.

Here is a joint response from CCEDNet, Buy Social Canada, and Co-operatives and Mutuals Canada: