Jubilee Fund investors helped support a workers co-op manufacturing furniture in Winnipeg’s East Kildonan community.
GD-02 Workers Co-op is a co-operative that is engaged in a “turn around” venture to re-establish a profitable furniture manufacturing operation in Winnipeg’s East Kildonan community.
The business had originally closed in 2002 after being placed into receivership, but the workers were determined to keep revive it and successfully organized themselves into a worker co-op operating as GD-02 Workers Co-op Ltd.
In early 2003, the Co-op was successful on a large tender for which they required working capital. Their regular financier would not consider additional financing. Due to limited financing and the challenges of re-starting the business, they approached Jubilee Fund to help bridge this gap and re-establish themselves in the market.
Become an ethical investor with Jubilee Fund—change lives and build a better Manitoba today.
