Community Economic Development Investment Funds: the Nova Scotia Experience

                         

 Written by Allison Smith, Thrive

What: Calgary Community Capital Network is hosting a meet-up focusing on CED Investment Funds.

Where: Calgary Economic Development- 5th floor, Global Business Centre, 136 8th Ave SE

When: August 13th from 10:00am – 12:00pm

This is a two part event:

1)Webinar presentation from 10:00am – 11:00pm

2)Facilitated local discussion from 11:00am – 12:00pm

Background Information: Community Economic Development Investment Funds are pools of capital, formed through the sale of shares (or units), to persons within a defined community, created to operate or invest in one or more local businesses. The Nova Scotia Equity Tax Credit encourages local residents to invest in small businesses through CEDIFs with a personal tax credit of 30 per cent. Over the 14 years of their existence, CEDIFs have grown from an untested concept to a proven model for community capital development that now manages more than $50 million in 48 funds, all raised from local individuals. The model has been transferred to Prince Edward Island and other provinces have also expressed interest.

This session will introduce the CEDIF model, illustrate the impacts it has had redirecting investments for local impact, and consider key lessons from Nova Scotia’s success.

The event is co-hosted by The Canadian CED Network, Thrive-Calgary’s CED Network, and Calgary Economic Development.

For more information visit the meet-up: http://www.meetup.com/Calgary-Community-Capital-Network/events/131528582/

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