Community Economic Development Investment Funds: the Nova Scotia Experience (Webinar Recording)

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Date: 
13 August, 2013

Check out this exclusive discussion, co-sponsored by Thrive, the Calgary CED Network and Calgary Economic Development.

BACKGROUND

Community Economic Development Investment Funds are pools of capital, formed through the sale of shares (or units), to persons within a defined community, created to operate or invest in one or more local businesses.  The Nova Scotia Equity Tax Credit encourages local residents to invest in small businesses through CEDIFs with a personal tax credit of 35 per cent.  Over the 14 years of their existence, CEDIFs have grown from an untested concept to a proven model for community capital development that now manages more than $50 million in 48 funds, all raised from local individuals.  The model has been transferred to Prince Edward Island and other provinces have also expressed interest. 

This session introduces the CEDIF model, illustrates the impacts it has had redirecting investments for local impact, and considers key lessons from Nova Scotia’s success. 

PRESENTER

  • Chris Payne, Government of Nova Scotia
    Chris is Investment Manager for CEDIFs with Nova Scotia Economic and Rural Development and Tourism.  He is a professional accountant (CMA) and has completed the Canadian Securities Course and the CICA in-depth GST/HST program.  He is also on the National Board of Examiners for the CMA.  He has been with the CEDIF program since before it began and promoted the investment tool throughout the province and internationally.

LOGISTICS

  • The session begins with a presentation by Chris, followed by an interactive question and answer period facilitated by CCEDNet Executive Director Mike Toye. 
  • This session is in English. 
  • You will need speakers or a headset on your computer.  To ensure your system will be compatible with our webinar platform, try this connection test or look at the Adobe Connect quick start guide prior to the session. 

Additional Resources

Location: 
Webinar  --
Canada
Categories: 
Finance