The Economic Pillar: Community Prosperity Focus
As a Northern rural and remote region, the Lower North Shore of Quebec faces multiple challenges from a social and economic perspective. Developing a local bio-economy requires a model that is built on strong local leadership, strong business models and strong global partnerships. Ensuring sustainable and profitable development of local resources is a primary aim of the Cooperative in continuing to build the bio-sector and grow the local economy. The local economic model targets development of high-end pharmaceutical, cosmetic and food products in an efficient and responsible way that provides long-term benefits and profitability for the region, as well as for the members and partners of the Cooperative. The coop has established a food brand called Parallel 51 and is currently in the process of establishing a brand for cosmetics. These product lines provide great benefits for the coop members. The Cooperative envisions through its holistic approach of focusing on social and environmental issues, that sustainability and profitability will be the outcome. Social initiatives have an impact on consumer behaviour and employee performance, while environmental initiatives such as energy efficiency and pollution mitigation can have a direct impact on reducing waste.
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