In last month’s budget, the United Kingdom announced a 30% tax relief-rate for social investment. The Social Economy Alliance (SEA), a network of over 150 organizations (including social enterprises, co-operatives, universities, housing associations, crowd-funders, social investors, think tanks and charities) is optimistic that the tax relief will help spur greater investment in the UK’s social economy. They have reason to believe this, as over £8.7 billion has been invested to over 20,000 businesses during the past 20 years through similar tax incentive schemes.

The social investment market in the UK has been a source of inspiration for Canadian governments who are interested in supporting the development of innovative economic approaches to solving complex social and environmental issues. With other tax incentive measures already in place in various provinces of Canada (e.g. Nova Scotia, New Brunswick) time will tell whether other jurisdictions in Canada will adopt similar tax incentives. In the meantime, there is growing evidence that tax incentives are helping to level the playing field, making investments in charities and social enteprises as attractive as traditional market investments.

Resources

 

Share

Every year CCEDNet members are invited to submit nominations for CCEDNet’s Board of Directors. This year, there were four vacancies to be filled. 

Four eligible nominations were received by the deadline, leading our Elections Officer to declare the following candidates elected by acclamation:

The results will be ratified at CCEDNet’s Annual General Meeting of the members on May 29. 

Congratulations to these amazing CED leaders from across Canada, who join CCEDNet’s dedicated Board of Directors.
 


Diana Jedig

Diana Jedig has been the Executive Director for the Ontario Association of Community Futures Development Corporations (OACFDC) since 1994. Her previous experience as General Manager of the Brant CFDC has been a key strength in ensuring the OACFDC responds to the needs of its members. Diana also volunteers on the board of the Community Futures Network of Canada and is a founding member of The Ontario Rural Council (now the Rural Ontario Institute). Diana has an Honours Bachelor of Commerce Degree and a Masters in Business Administration. She is also a Certified Association Executive through the Canadian Society of Association Executives.
 


Wendy Keats

Wendy Keats is a co-founder and the Executive Director of the Co-operative Enterprise Council of New Brunswick. Prior to this, she spent 18 years as a CED consultant and trainer working with nearly 200 community groups in organizational development, strategic planning, governance, and many other development areas. Wendy is a certified mediator and served for 10 years as a senior faculty member of UPEI’s Centre for Conflict Resolution Studies. She has sat on numerous boards and committees related to CED and has a special passion for youth engagement and renewable energy, having lived completely off-the-grid for nearly a decade.
 


Carol Madsen

Carol Madsen has been involved in Community Economic and International Development for 3 decades. She is an associate with the Centre for Sustainable Community Development and teaches CED and social enterprise courses at Simon Fraser University since 2002. For 10 years she worked with Tradeworks Training Society in the heart of the inner city downtown of Vancouver, working on employment and social development strategies with marginalized residents. She has organized the Alternative Investment Strategy conference for the Montreal Community Loan Association and served as Director of Bridging the Divides, a 3-year CED research project in Trail and North Island, BC. In her twenties Carol had the opportunity to work with Canada World Youth in several small communities across the country and in Bolivia, Togo, Brazil, and Indonesia. Carol speaks several languages including French and holds a Masters in Business in CED.
 


Derek Pachal

Derek Pachal has been active with CCEDNet since its inception in 1999 and has contributed locally serving on the CCEDNet-Manitoba Advisory Committee and the Annual Gathering Organizing Committee. As an enterprise development consultant, Derek currently works as a portfolio manager for the Jubilee Fund providing loan guarantees for non-profit organizations, social enterprises and co-ops. Derek has worked in urban, rural, northern and Aboriginal communities and volunteers on several local committees related to CED. Derek has a lifelong passion for social justice and the empowerment of marginalized individuals and communities.

Share

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.

Share

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.

Read More >>

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.

Share

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 >>

Share

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.

Read more >>


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.

Share

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.

Share

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 >>

Share

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.

Share

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

Share

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

Share

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.

Share