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The co-operative movement played an important role in the development of northern New Brunswick. Recently, these regions have been negatively impacted by the forestry crisis. This case study underlines the contribution of socio-territorial capital and social innovation to the development of the Coopérative des travailleurs forestiers de McKendrick (CTFM) in this economic context. The theoretical perspective of this paper is the model of progressive local development that we apply to a cooperative organization. A mixed approach of data collection (quantitative and qualitative sources) is used in this case study. The co-operative operates in two communities, the socioeconomic life of which is closely linked to the forest. This territorial anchoring favors the emergence of a particular relationship to nature that integrates work, leisure activities, and social networking. The forestry crisis has forced the government to reduce the financing it provides for silviculture operations. This decision has had a direct impact on the financial performance of the co-operative, and a progressive reduction of its surplus has been observed. The CTFM proposes an original formula for financing venture capital in workers’ cooperatives and a new approach to the management of silviculture operations in New Brunswick.