Last week I attended the Co-operative NZ Business Leaders conference. It was an impressive collection of significant NZ businesses - many of them iconic - and their leaders. In NZ, cooperatives create a large proportion of New Zealand’s jobs and wealth and contribute hugely to communities. They contribute more than $42 billion a year to GDP, employ almost 50,000 people and provide services to a 1/3 of New Zealanders.
As CEO of Co-op NZ, Craig Presland observed: “These are sustainable and enduring businesses with many trusted brands, products and services that have been provided for years, decades and in some case centuries. So they are the backbone of the economy, and in most cases are supporting privately owned or family businesses.”
That is why Syndex has joined Coop NZ as a Corporate Associate Member - it’s an opportunity to provide services not only to a critical group of businesses, but importantly, also their members. If cooperatives are the backbone, privately owned businesses are the arms and legs! Between them, they do a lot of the heavy lifting in the NZ economy so we see our contributions to improved administration efficiencies, member communications and access to capital as important in helping to keep critical industries and the NZ economy firing.
We currently have a number of listings on our Investment Opportunities Market, that are seeking capital for sustainability and growth in the primary agricultural sector.
If you’re a cooperative, check out our service offering on our Partners Page.
Ross Verry is CEO of Syndex and a shareholder. The views expressed above are purely his own. Please assess and research all your investment.