Communities across Alberta are pooling their savings, mobilizing their social capital, rolling up their sleeves and putting their heads together, to finance local business development. This has led to the creation of better jobs, new businesses, and an overwhelming sense of community pride. This webinar will teach participants about raising local capital, to finance local business development.
Unleashing Local Capital is a new and innovative local financing program that supports communities in establishing Opportunity Development Co-operatives (ODCs) that pool capital within a designated community using RRSP eligible shares. This lunchtime webinar will teach you everything you need to get started, as well as provide an opportunity to ask questions and discuss your local business development project.
The webinar will include an overview of the project, drawing from successful examples in Alberta, and the process of raising capital in your community. It will also speak to the rules and regulations related to local financing, and how to raise capital in accordance to the current rules. At the end of this session you will be prepared to get started on a local financing project in your community!
If you are involved in local business, community economic development, or are an entrepreneur this webinar will provide you with some excellent new information and insight into how local financing can be used to build strong and vibrant communities.
For more information contact Paul Cabaj, Director of Co-operative Development at pcabaj@acca.coop
Opportunity Development Co-operatives can be used to finance:
- Expansion, renovation, and upgrading of existing businesses
- Revitalization projects of a once-bustling main-street
- Succession planning that will keep an important business in the community
- New businesses
Opportunity Development Co-operatives also:
- Keep wealth in communities
- Let you invest in your community
- Connects you to a local business and the local economy in a meaningful way
Introduction to the ULC Guide for Community Leaders from Alberta Coops on Vimeo.
Community Finance Solutions—an initiative of the MaRS Centre for Impact Investing—will be hosting Innovations in Financing Affordable Housing: The Inside Scoop. This webinar will take place on Tuesday, September 9, 2014 at 12 p.m. ET.
2-3pm ET
