Community Impact Investing is the process of connecting local investors to local investment opportunities. While the demand for investing locally is increasing, traditional options available to investors limit where they can invest. The result is that most local investment capital leaves our community and is invested into far off stock markets and corporations. An unintended consequence is that while our investments create significant jobs and wealth elsewhere, the places we live, work and play are overlooked.
In today’s interconnected world, it’s easy to see how your hard-earned money can end up going toward projects and businesses all around the world. In 2013, British Columbians contributed $4.5 billion of new monies into their RRSPs, much of that disbursed outside the province and Canada. That’s money that ends up supporting the creation of new businesses, building new infrastructure, and generally benefitting communities that always seem to be located “somewhere else.”
Imagine what an impact re-directing, say, 5% of that money back into the communities in which we live would have. That’s $225 million in annual local investments. Happily, there’s a movement afoot to make that happen, through something called community impact investing.
Eden Yesh – Invermere Branch Manager for Kootenay Employment Services (KES), consultant to the Creston & District Community Investment Co-op and Chair of the BC Community Impact Investment Coalition – will host Community Investment sessions in most communities throughout the Kootenays. These sessions will highlight examples of how local investment vehicles have successfully met community needs across Canada, such as; affordable housing, renewable energy, sustainable agriculture and food production, locally-owned small business, technology, and community economic development projects.
The purpose of these sessions are to discuss the local investment movement in BC and the opportunity to establish two new Community Investment Co-ops in Southeastern BC in 2018. The year-long initiative will be facilitated by Eden and funded in part by the Province, Kootenay Employment Services and the BC Rural Centre.
SCHEDULE IN YOUR AREA
THURSDAY FEBRUARY 8TH
New Denver 9:00am - 10:30 pm Knox Hall
Kaslo 5:00 - 6:00 pm Seniors Hall
These Sessions are FREE and open to the public. Light snacks and refreshments are provided.
RSVP TO A SESSION NEAR YOU, GO TO:
For further information please contact:
Gordon Borgstrom: Gordon.Borgstrom@telus.net
Eden Yesh: firstname.lastname@example.org
Click here for a handy two-page downloadable handout on Community Investment Co-ops