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Community Investment Funds: Leveraging the Co-operative Advantage

(Part 2 of 4 articles exploring mechanisms to raise community capital for local economic development.)
As a consequence of the 2008 economic collapse, communities are increasingly active in assessing their own sustainability. “Buy Local” campaigns have garnered much support and success. But with investment dollars flowing out of the community to large financial centres in Canada & the U.S., economic sustainability is a challenge. Many communities are looking for mechanisms that will allow them to “repatriate” this capital – a sort of “Invest Local” strategy.

Co-ops can help local governments that are invested in raising community capital

(Part 1 of 4 articles exploring mechanisms to raise community capital for local economic development)

The City of Vancouver recently announced a new initiative passed by council on July 25th that will see the development of a new Vancouver Entrepreneur Fund. According to the Mayor’s office blog, the fund will be “an arms-length venture capital fund that will raise private investment to support emerging start-up companies in Vancouver”, and will be delivered through the Vancouver Economic Commission.

Common Thread gives Mauril a colourful send-off

 

(Part 4: Final report of Mauril Bélanger's tour of co-ops across Vancouver)

Co-op Radio confirms that co-ops got soul

(Part 3: Mauril Bélanger's tour of co-ops in Vancouver)

Hopping into our Modo carsharing van, we headed off from the Athletes Village to the brand new location and home of Co-op Radio, 100.5 FM.

We were greeted by Marc Lindy, the chair of the board of directors that has been with the organization for the past 9 years.

The Athlete's Village Housing Co-op gives Mauril a warm welcome

(Part 2: Mauril Bélanger's tour of co-ops in Vancouver)

The rain was drizzling and the skies were grey, but the Saturday tour continued to be lit up with the warm welcome from co-ops.

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