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Community Economic Development Investment Funds: the Nova Scotia Experience (Webinar Recording)

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. 

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

Rural Communities: The Root to Health

Co-hosted by the Haliburton Communities in Action Committee and the Ontario Healthy Communities Coalition (OHCC), the 2013 Healthy Communities Symposium will be:

Thursday, October 3rd &
Friday, October 4th 
Minden Community Centre
55 Parkside St., Minden, ON  K0M 2K0

Each year OHCC hosts a Healthy Communities symposium in conjunction with its Annual General Meeting. It is held in various locations around the province, and hosted in partnership with a local organization. The purpose of the symposium is to provide a forum for learning and sharing that will inspire and support those that are involved in creating healthy communities.

For 2013, OHCC welcomes the opportunity to partner with the Haliburton Communities in Action Committee (CIA) to bring the symposium to Haliburton County. The CIA is a community-based coalition concerned about health, safety and the environment with the mission of “making Haliburton County a healthy, active community through active transportation planning”. In 2012, OHCC recognized the work of the Communities in Action Committee and presented them with the Sheila Lupson Healthy Community Recognition Award.

The symposium is being held on October 3rd and 4th, 2013 to coincide with the first weekend of the Haliburton Studio Art Tour. This is also a great time of year to visit the Haliburton Highlands in its fall colours.

We would like to acknowledge the generous support of the Haliburton County Development Corporation and the Haliburton, Kawartha, Pine Ridge District Health Unit for this event.

Theme: Healthy Rural Communities

There are many common challenges faced in rural areas across Ontario when it comes to creating healthy communities. There is also a growing interest in how rural communities can build on their strengths to overcome these challenges. The 2013 symposium will provide the opportunity to showcase some of Haliburton County’s healthy community initiatives, share success stories and provide others from across Ontario with ideas that they can apply in their home communities.

Through a combination of workshops, presentations and site visits, participants will have an opportunity to learn about rural economic development, how Haliburton County has become a leader and innovator in creating healthy rural communities. Individuals will gain a better understanding of local initiatives and healthy communities in general.

Keynote speaker information

Program and activities highlights

Registration

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SVX Venture Information Session

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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Social Finance Connects: Business Development Supports

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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Does local ownership matter? A presentation by Michael Shuman

"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.

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