Dry Creek Bed Project - Sponsors

YPS welcomes YCDCO as Platinum Sponsors of our Dry Creek Bed Project!


About YCDCo:

The Yackandandah Community Development Company Ltd (YCDCo) was established in March, 2002 by seven concerned locals with the initial goal of securing the future supply of fuel in Yackandandah (a basic service function for the town that it is crucial to retain).

Having secured fuel supplies for Yackandandah now, and in to the future, YCDCo has extended its product range to include rural supplies and hardware, and concentrates on its returns to the community by way of wages and sponsorship.


YCDCo’s goals:

  • to undertake projects and initiatives which will economically and socially and culturally benefit the community of Yackandandah and its surrounding areas;
  • to operate YCDCo on a commercially sustainable basis and generate profits to shareholders in the long term;
  • to retain the broad-based community ownership of YCDCo;
  • to return 50% of any future profits the company generates (e.g. after operating expenses) back to community causes and projects (to be defined); and,
  • to return the remaining 50% of any profits to YCDCo shareholders.


YCDCo Constitution:

The constitution of YCDCo can be downloaded on their website.


Community Commitment:

As part of the YCDCo’s commitment to the development of Yackandandah, we offer sponsorship to local groups and organisations to assist with local initiatives that are consistent with the company’s ideals of community development.

Under its Constitution, YCDCo. Ltd. is required to contribute 50% of all distributed profits towards community projects or causes (the other 50% is distributed to shareholders as dividends).  Assistance may be provided to community groups, organisations or individuals for initiatives or projects that are:

“…intended to benefit the economic, social or cultural condition of the Yackandandah community or its surrounding areas. (YCDCo. Ltd. Constitution clause 27).”

https://ycdco.com.au/

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