Check out this exclusive discussion, co-sponsored by Thrive, the Calgary CED Network and Calgary Economic Development.

BACKGROUND

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 35 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 introduces the CEDIF model, illustrates the impacts it has had redirecting investments for local impact, and considers key lessons from Nova Scotia’s success. 

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PRESENTER

• Chris Payne, Government of Nova Scotia
  Chris is Investment Manager for CEDIFs with Nova Scotia Economic and Rural Development and Tourism.  He is a professional accountant (CMA) and has completed the Canadian Securities Course and the CICA in-depth GST/HST program.  He is also on the National Board of Examiners for the CMA.  He has been with the CEDIF program since before it began and promoted the investment tool throughout the province and internationally.

Additional Resources

• Nova Scotia Government webpage on CEDIFs
• CEDIF Public Policy Profile by the Canadian Social Economy Hub
• Equity Tax Credits as a Tool for CED by Stewart Perry and Garry Loewen, Canadian Centre for Community Renewal
• “No Payne, No Gain:  Chris Payne on Hyperlocal Investing” blog post by Peter Deitz on socialfinance.ca
• World Economic Forum profile of CEDIFs as part of their Policy Guide to Scaling Social Innovation (see page 40). 

SVX Venture Information Session

Tune in on Thursday, July 25th at 12:00pm EST to learn about the SVX for your impact venture or fund!

Whether you're a for-profit social purpose business, a nonprofit organization, a charity or co-operative, the SVX Venture Information Session, is your opportunity to learn about the features and benefits of the SVX platform and how you can begin your journey with the SVX.

Webinar Details

To connect to the webinar, please visit mdd.adobeconnect.com/svx. Please select "Enter as a guest" and enter your name. 

Although audio will be available via computer, it is highly recommended that you dial in by phone at 1-866-261-6767 Participant Code: 9999017#.

About the SVX

The SVX is a private investment platform built to connect impact ventures, funds and investors in order to catalyze new debt and equity investment capital for ventures that have demonstrable social and/or environmental impact and the potential for financial return.

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Human Resources and Skills Development Canada is pleased to invite you to the second webinar in the Social Finance Connects series. The webinar will feature thought leaders on the importance of building business capacity in the not-for-profit sector (NFP) to ensure NFP organizations can participate in social finance opportunities.  Key business capacity development issues will be discussed, including how to sharpen ideas and build a winning proposal, attracting non-governmental partners and funds for your social purpose initiative, and succeeding at pitch sessions.  Business acumen also extends to a set of governance and management skills that will help NFP organizations improve their performance and achieve greater social outcomes.  Perspectives and tools on how to integrate private sector practices into NFP operations will be shared.  This webinar will help prepare NFP organizations for discussions related to accessing financial capital, such as investment and patient capital, at various stages of their operations, from idea generation to scaling and replicating a proven initiative

Join us as we welcome guest speakers Tim Draimin, Social Innovation Generation, Heather Crosbie, ventureLAB York Region, and Aaron Good, J.W. McConnell Family Foundation.

Format: 3 x 12-minute presentations followed by a 24 minute Q&A session

Registration Info:

http://mdd.adobeconnect.com/socialfinanceconnects/

Click ”Enter as a guest” and allow Adobe Connects a few minutes to configure.

Dial-In: 1-866-261-6767 Participant Code: 9999017#

Although Adobe Connects can configure with your computer’s VoIP and audio system, it is highly recommended that you connect via telephone for optimum audio results. Should you have technical difficulties during the webinar, please email Tristina Sinopoli, tsinopoli@marsdd.com for assistance.

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"Economic development as practiced today has three dubious characteristics. It focuses on nonlocal business. It lacks a coherent framework for assisting local business. And it is a top-­‐down enterprise. This presentation sets out an alternative set of principles and practices—a local living economies approach to economic development that focuses on local business, creates an entrepreneurial ecosystem that supports them, and invites grassroots participation." Michael H. Shuman

A growing body of evidence suggests that the communities that have a high percentage of locally-owned businesses have greater wealth, higher voter turnout, better health outcomes and more jobs.

This presentation will take you through the evidence, introduce you to examples of what's working well, and give you a chance for some Q and A at the end.

This webinar is presented by Simon Fraser University's Certificate Program for Community Economic Development. It is the only program in North America providing leaders the skills, knowledge and networks to build sustainable, local economies.

Michael H. Shuman is an economist, attorney, author, and entrepreneur, and a Fellow at the Business Alliance for Local Living Economies (BALLE), Cutting Edge Capital, and Post-Carbon Institute. He is one of the world’s leading experts on community economics.

He makes a compelling case for focussing limited economic development resources on building local living economies.

Michael Shuman is an instructor in the Certificate Program for Community Economic Development.

A webinar presented by CFED with support from NeighborWorks America

Tuesday, July 30, 2013 | 2 - 3 pm EDT
According to the Department of Energy, the average U.S. household spends about $1,900 per year on home energy. From changes like adding insulation or replacing appliances, to fully replacing an outdated home with a newer ENERGY STAR® home, organizations across the country are advancing innovative strategies that amount to hundreds of dollars in energy savings for low-income families every year. In this webinar, presenters will share measures that homeowners and renters can take to control, or lower, their monthly utility bills to save more money and build assets. Participants will learn about energy savings strategies that work as well as innovative programs that are making a difference in the energy savings and asset-building fields. This webinar is ideal for affordable housing developers, operators and counselors and all those promoting asset building and financial security for low- and moderate-income households.

Presenters include:

• Michelle Winters, Senior Manager, Green Strategies, NeighborWorks America (Moderator)
• Dave Betler, Marketing & Operations Specialist, Next Step Network, LLC
• Ludy Biddle, Executive Director, NeighborWorks of Western Vermont

This webinar is free, but advanced registration is required. To register, click here .

About NeighborWorks America NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated $20 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.