The Government of New Brunswick has made a commitment of $300,000 to help develop a “social enterprise hub” in Saint John’s Waterloo Village neighbourhood. CCEDNet member, the Saint John Community Loan Fund, has been at the forefront of the project to set up this hub, which will house organizations committed to innovative approaches to poverty reduction. While more tenants are still being sought out, some of the expected occupants of the 15,000-square-foot building near Prince Edward Square, are the Saint John Learning Exchange, Vibrant Communities, and the Human Development Council. The hub is particularly oriented towards nonprofit organizations that support small business development, social entrepreneurs and skills training initiatives.

Seth Asimakos and representatives
of the NB government

The idea behind co-location models is to not just reduce expenses for the organizations renting the space through cost sharing but to allow for greater exchange of knowledge and ideas. “You put the right people together, then all of a sudden new ideas are created, that are not only good for this neighbourhood and this community, but for scaling province-wide,” says Seth Asimakos in a recent article from CBC.

To better understand how co-location, or clustering, works check out this recent research report developed by the Social Enterprise Centre, a similar project developed in Winnipeg.


The Saint John Community Loan Fund (Loan Fund) has been taking investments to build its capital since 1999. It uses this invested capital to help individuals create income, build assets, and attain greater self-reliance through a variety of services. The Loan Fund promotes community investing. It recruits investments to build its loan pool and donations to safe-guard the loan pool against losses. It has never lost an investor’s money.

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The Government of British Columbia has proclaimed April 2014 as Social Enterprise Month to celebrate the expanding social enterprise sector and recognize its contribution to the strength and resiliency of B.C. communities.

Social Development and Social Innovation Minister Don McRae presented the proclamation at a Social Enterprise Catalyst Gala event in Victoria, kicking off a series of events in British Columbia over the month of April.

Based on a 2011 survey, B.C. social enterprises provided services to nearly 700,000 people and generated at least $60 million in revenues. B.C. social enterprises provide valuable services, offer employment opportunities, involve volunteers, and train thousands of people each year.

British Columbia was the first jurisdiction in Canada to create the Community Contribution Company – a corporate entity recognized by people who want to use their purchasing dollars to support a positive social impact, and by investors who are interested in both a social and financial return. Since introducing the structure in 2013, a growing number of social innovators are using the corporate structure to bridge a gap between for-profit business and non-profit enterprise.

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BC Social Enterprise Events


Share the news using the hashtag #Impact4BC and use the promo-code Impact4BC to receive a $25 discount when registering for the BC Day of Learning/Social Enterprise Heroes.

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Today’s launch of Co-operatives and Mutuals Canada (CMC) represents a new united voice for Canada’s co-operative and mutual businesses.  A national, bilingual association, CMC represents 9,000 co-operatives with a total membership of 18 million.

This new association brings together the wisdom, historical roots and experience of two large networks that developed largely in isolation from one another: the Canadian Co-operative Association (CCA) and le Conseil canadien de la coopération et mutualité (CCCM).

CMC activities will be targeted at helping co-operatives form, develop and thrive. Through advocacy with the federal government, CMC will provide a knowledgeable voice to encourage national policies that strengthen the co-operative economy. CMC will also support wide-ranging research in partnership with leading research institutions and government to inform policy.

Co-operatives support sustainable social, economic and environmental goals through adherence to the International Co-operative Principles and Values. There are ambitious plans at the international level to make co-operatives the fastest growing form of business by 2020 and today’s launch is Canada’s first step in doing our part to achieve that vision.

Visit CMC’s new website >>

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Earlier this month, the New Zealand Community Economic Development Trust released Community Economic Development: Understanding the New Zealand Context, exploring the conceptual theory of CED and describing the realities of CED practice in the country.

Using the Canadian CED Network’s definition of CED, the author of the report sets the context both nationally and internationally for community economic development. The report explores key terms and their definitions and characteristics, theoretical approaches and their varying emphases on ‘community’, ‘economic’, and ‘development’,  components of organizational governance and entrepreneurship within the field, and advancements in innovation and thinking in nonprofits. Importantly, the author also identifies 5 key attributes of successful CED initiatives, which are tested and, by and large, supported by the case studies laid out in the report. These 5 attributes of CED are:

  1. Creating strong and effective governance.
  2. Building close linkages to other complementary CED initiatives.
  3. Delivering core services in partnership with service users and purchasing organizations, rather than at arm’s length.
  4. Establishing a future-oriented internal culture.
  5. Establishing a consistent system of triple bottom line impact assessment.

The above propositions were tested and mainly confirmed through seven case studies. Establishing a consistent system of quadruple bottom line impact assessment was found to be the most challenging attribute to manifest.

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Commissioned by the New Zealand Community Economic Development Trust this report is based on interviews with 97 social enterprise and CED practitioners and 5 focus groups, a national and international literature review, and 7 case studies.

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The co-operative sector has cause to celebrate as an all-party Parliamentary Caucus on Co-operatives prepares to hold its first meeting.

The caucus will look to continue the work that the House of Commons Special Committee on Co-operatives began during the 2012 International Year of Co-operatives, which resulted in the Status of Co-operatives in Canada report based on interviews with over 46 co-operative organizations and written submissions from over 60 sector stakeholders. Joe Preston, Conservative MP and former member of the House of Commons Special Committee on Co-operatives, will be chairing the caucus and will be joined by Liberal MP Mauril Belanger and NDP MP Hélène LeBlanc, among others. All MPs and Senators have been invited to attend the first meeting.

The creation of this new Parliamentary Caucus is due in large part to the tireless work of Co-operatives and Mutuals Canada.

Check out Hon. Mauril Belanger’s update on Co-operatives.

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In September 2013, the Province of Ontario, through their Social Enterprise Strategy for Ontario committed to pilot one or more Social Impact Bonds by working closely with innovative social service providers, impact investors, and other interested partners.

On March 18, 2014 the Ministry of Economic Development, Trade and Employment launched a Call for Social Impact Bond ideas. The Ministry is seeking innovative, prevention-oriented solutions that address one or more of the following high-priority social policy challenges facing Ontario families:

  1. Housing;
  2. Youth-at-risk; and,
  3. Improving employment opportunities for persons facing barriers

Later in the Spring of 2014, the Ministry will be hosting focused Social Impact Bond design workshops to engage directly with individuals and organizations on the ideas they have submitted, and help identify those ideas that have the highest potential to be piloted. The Ministry is committed to working in partnership with proponents to advance the most promising ideas.

Upon completion of the workshop phase, a handful of high-potential SIB ideas will be selected to proceed to the second stage. This second stage involves detailed business case development, financial modeling and testing. The Ministry will make available expert service providers to assist proponents with this process.

Please follow this link for further information, and for an explanation of how to submit a Social Impact Bond idea: ontario.ca/socialimpactbonds.

Ideas are due by May 2, 2014.

Questions may be directed to:

Background:  A ‘social impact bond’ is a financial instrument that raises private capital, and links financial returns to the achievement of a social outcome.  While offering the potential of accessing new sources of capital for social programs, It is a model that has raised concerns about the financialization and privatization of social services.  Find out more >>

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For Albertans with an interest in addressing complex social issues such as poverty and family violence, the news of a new provincial Social Innovation Endowment was a clear highlight in the recent provincial budget announcement. Still, its potential impact is uncertain. Momentum has been watching the issue and is pleased to share with its community economic development colleagues across the country 5 things people in the field should know:

  1. It is big…really big: In fact, it’s the largest social innovation fund in Canada at $1 billion. The fund will be capitalized over two years with the first $500 million endowed immediately and the second $500 million in next year’s budget.
     
  2. But endowment disbursements are small: In the first year $22.5 million will be available. In the second year it will be $45 million and after that 4.5% of total endowment funds. Relative to the provincial budget, these are small amounts.
     
  3. The focus is, well, broad: So broad that culture is included in the working definition of social innovation. This is unusual—arts money has historically been kept separate from social services. It’s too soon to speculate what the impact of this breadth will be, but members of both sectors hope that the overall funding available will grow because of the new endowment.
     
  4. It is linked to the Social Policy Framework: Alberta’s recently developed Social Policy Framework is directly mentioned in the endowment description. Many have wondered how the SPF will be funded; this endowment may provide part of the answer.
     
  5. Community Economic Development activities may be on the table: Throughout the announcement, many aspects of CED are mentioned. A multi-sector approach; risk-sharing between non-profits, social enterprises, business and government; research of social finance tools… to Momentum, this sounds like CED.

Momentum will keep its ears open as details become clear. What’s your take on the Social Innovation Endowment announcement? Share your view with us via twitter @momentumcalgary.


Carolyn Davis is the Community Relations Director at Momentum, a Calgary based CED organization and founding member of the Canadian CED Network. Momentum partners with people living on low incomes to increase prosperity and inspires the development of local economies with opportunities for all.

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The Government of Alberta is set to create the largest Social Innovation Endowment in Canada through Bill 1-the Savings Management Act. The Social Innovation Endowment Fund (SIEF) will receive $1 billion in two lump sum payments in 2014 and 2015.

SIEF will help further Alberta’s Social Policy Framework to:

  • reduce inequality;
  • protect vulnerable people;
  • create a person-centered system of high-quality services; and
  • enable collaboration and partnerships.

In particular the funds will be used to advance innovation in the following three areas:

While not explicitly included in Premier Alison Redford’s throne speech, it is anticipated that the endowment will provide the opportunity for Redford to explore the creation of social impact bonds. Social impact bonds are a financial instrument that raises private capital, and links financial returns to the achievement of a social outcome. They also represent new relationships, and shifting responsibilities, between non-profits, governments, and private investors.

Additional resources

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The recently launched Community Finance Solutions is now accepting applications for expert advisory support in the development of the following types of new impact investing funds and products:

  • Creation of an investment fund focusing on First Nations communities, affordable housing, sustainable food and water, or renewable energy;
  • Development of a community loan fund for local businesses;
  • Creation of a blended philanthropic and investment fund to finance projects with a social mission;
  • Issuance of a community bond to finance an infrastructure project
  • A variety of other impact investing funds and products that meet our established criteria

Apply now

Community Finance Solutions was launched nation-wide on March 6th via webinar. The webinar launch featured presentations from CCEDNet member Marguerite Mendell, who described how the Fiducie du Chantier de l’économie sociale in Québec was created, and Jane Bisbee, who shared how the Social Enterprise Fund in Alberta was developed. Common themes identified in the presentations about these two loan funds include:

  • The development of these funds responded to identified community needs.
  • The importance of early investment by the Quebec government, the City of Edmonton and the Edmonton Community Foundation in establishing the capital pool.
  • Both funds rely on a healthy business/social enterprise development ecosystem to help enterprises get to a stage of investment readiness. This ensures that the funds receive a steady stream of loan applicants.
  • Setting up impact investment funds takes time and money. Extensive community consultation and research into global experience will aid successful development.

Community Finance Solutions is a national initiative of the MaRS Centre for Impact Investing

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Wouldn’t it be amazing to know that every time you made a donation, it went directly to creating a job or training opportunity for someone with barriers to employment? It really is amazing, and has been happening for 20 years at LITE, a long-time member of CCEDNet!

Local Investment Toward Employment (LITE) was born out of a vision for actually reducing poverty rather than simply alleviating it. It was a vision of change, not charity. Yes, if someone needs food today, we absolutely need to make sure they get something to eat. But what about making sure that people don’t end up in a spot where they don’t have food in the first place? Winnipeggers generously give food to those living in poverty at Christmas, but that gift does nothing to change the reason why those families needed food in the first place.

The brilliance of LITE is that it isn’t about one option or the other. It is about doing both at once. This simple yet transformative model ensures that food is provided to those that need food, and is purchased in a way that creates jobs for those who need jobs. It is the gift that gives twice!

Over two decades, LITE’s Alternative Christmas Hamper has provided over $750,000 of food to the Christmas Cheer Board, and in the process has created and supported hundreds of training and employment opportunities in Winnipeg’s inner city at places like Neechi Foods, Andrew Street Family Centre, and Wolseley Family Place. So many wonderful stories emerge out of these opportunities. A simple chance to bake cookies can build confidence that leads to other jobs or further education. So many people want to work, but lack the right skills or the right opportunity. Sometimes all it takes is for someone to believe in you, and give you that first chance. LITE, through the community partners they purchase from, does exactly that with fantastic results.

Looking to support training and jobs throughout the year, LITE is now also about more than food hampers as it has begun to fund a variety of other projects that have the same outcome – giving people a hand up instead of a hand-out. These jobs always build people’s confidence, lead to supportive social relationships, provide important skills and a resume, generate income that help people meet their basic needs, and often lead to other employment as a result of this first chance they embrace.

Huge congratulations are in order to LITE for twenty years of changing lives, one dollar at a time! In total, that would be over $1.5 million dollars in change. The many staff, the dozens of dedicated board members, the amazing community partners, the tireless volunteers, and the thousands of donors have all contributed to making this fantastic CED story a resounding success. Many hands really do make LITE work. 

LITE’s 20th Anniversary Winter Gala was a resounding success! It was great to see some founders there, and many new faces. It was a blast for all who attended, a great chance to deepen our engagement with LITE, and it raised enough money to fully fund 3 CED Grants, hire single mothers to bake 33,000 cookies for Alternative Christmas Hampers, or provide over 100 families with full hampers this Christmas!

I will leave you with a challenge. Find some way to support LITE, and be a part of this great story. Make a donation, organize your workplace to raise money, join the Run for Rights, buy raffle tickets, or offer to volunteer. Every dollar counts, every dollar matters.

Tell your friends, tell your church, tell your company, and promote this great option via social media. The message of LITE is simple, but the impact is huge. When people hear about LITE, they get it, and they love it. Many just don’t know about it yet. We all need to do our part to get the message out there. The needs in our communities remain, but the opportunities that are possible are real, and this is why people will want to be a part of these workable solutions.

Brendan Reimer is the Manitoba Regional Director for the Canadian CED Network. He is also the manager of CCEDNet’s Enterprising Non-Profits – Manitoba program and a member of the Social Enterprise Council of Canada.

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Finance Minister Jennifer Howard fielding questions after the budget speech

Budget 2014 is a strong response by the Government of Manitoba to the priorities that our members have identified as being essential for our mission of reducing poverty and creating economic opportunities for individuals, families and communities that currently do not share equitably from the benefits of our economy. Budgets are statements of values and priorities, and Budget 2014 clearly aligns with the values and priorities of our members – although there is always more work to be done. From a CED standpoint here are some of the exciting commitments made by the Government of Manitoba within their new budget:

Social Enterprise
Understanding that social enterprises are very effective at creating jobs for people with barriers to employment, our members asked for the creation of a Manitoba Social Enterprise Strategy. Budget 2014 committed the Province to “work with social enterprises to create a comprehensive strategy to grow the sector and create more first jobs.” This is a significant achievement, and we look forward to working with the Province to make this an effective, visionary, and results-focused strategy.

Community Enterprise Development Tax Credit
Seeking to improve the existing provincial CED Tax Credit to enhance the ability of community owned businesses such as co-operatives to raise equity capital, our members asked for the tax credit to be increased from 30% to 35%. Budget 2014 (effective in 2015) extends the tax credit to 2020,  increases the tax credit to 45%, raises annual individual investment limits from $30,000 to 60,000, raises equity drive limits from $1 million to $3 million, makes the tax credit fully refundable, and enables the participation of Manitoba businesses.

Co-operative Development
As co-operatives are a very effective community economic development model, our members asked for the renewal of a 5-year co-operative development strategy. Budget 2014 renewed funding for the strategy for one year, during which time evaluation and planning for a longer term strategy will occur. Minister Howard’s speech highlighted a commitment to “invest in Youth Co-operative Services, an innovative program that helps young people set up co-op businesses.”

Training and Jobs
Manitobans want to work, yet many face barriers to employment. Creating appropriate training and employment opportunities is essential if the Province hopes to reduce poverty and achieve its ambitious goal of expanding Manitoba’s workforce by 75,000 people by 2020. Budget 2014 invests $3 million over 3 years in “Manitoba Works! – a new program with community agencies to provide essential skills training and work experience to people who face many barriers to a good job.” Gateway to Apprenticeship was also announced as an initiative that will partner with community-based training providers to “develop skills in the trades for youth and under-employed populations, create apprenticeship opportunities for Aboriginal persons and women, and launch new trade initiatives specific to Aboriginal and community economic development,” with an objective of ensuring that these trainees will then benefit from the opportunities and jobs created by the recently announced $5.5 billion 5-year infrastructure plan. Budget 2014 also establishes “a first-in-Manitoba post-secondary program for persons with intellectual disabilities at Red River College [to] increase our workforce and build on our historic new Accessibility for Manitobans Act,” something that CCEDNet members successfully supported as a policy priority in 2013. Many of our members will also be pleased to see a commitment to “more Green Teams – over 1400 jobs for young people this summer [and] new summer skilled trades camps [that] will help students have fun while learning hands-on about a future career.”

CBC word cloud u sing words used prevalently in the budget speech
CBC created this word cloud based on words used prevalently in the budget speech

Basic Income
Knowing that many of the people do not receive enough income to meet their basic needs, our members mobilized multi-sector support from 150 organizations in asking the Province to raise the rental allowance to 75% of median market rent. Budget 2014 stated that the Province “will significantly increase housing support for people on social assistance…to 75% of median market rent.” This is a huge win for people living in poverty, and for the organizations that mobilized to create this important change. While the increase will happen over four years rather than in one, the new approach reaches more people (meaning that some not even eligible before will now be covered) and will be indexed to rising costs over the coming years. In that way it is an even better response than our members had been asking for.

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The New Economy Coalition (NEC) is issuing a Request for Proposals for young people working to build the New Economy. On a rolling basis, they will be offering small grants (up to $5000) for convenings, projects and campaigns. The grants will be accompanied by support for planning and executing your project and access to NEC’s large and growing network.

Last year’s Campus Network program supported fourteen campuses across the US and Canada in exploring big questions about how to build an economy that prioritizes people, place and planet, culminating in the reRoute convergence, which gathered more than 300 young people to talk about building youth and student power for a new economy. This year, funding will be available to young people on and off campuses, to talk about and get to work building a new economy.

Start the application process by submitting a letter of interest.

There are infinite possibilities. Map the solidarity economy in your community; plan a convening on your campus about community reinvestment; develop curriculum or bring in trainers to help with starting cooperatives, time banks or land trusts in your community; envision together what it would look like for your hometown to adopt policies to support an economy based on solidarity rather than extraction.

We hope that these programs will help to write a story about a movement led by those who bear the greatest burden at the hands of an extractive economic system—and who have the most to gain from the restorative, democratic economy growing up around us.

Visit the website >>

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