How to enable individual investment in community economic development is a fundamental question for those working to support the creation and growth of initiatives with social impact. Since 1999, Nova Scotia has used the model of Community Economic Development Investment Funds (CEDIFs), capital pooled from contributions by individuals, corporations and trusts within a defined community and used to fund business development within the defined community.
New Brunswick is the latest province to implement legislation to enable community investment through Community Economic Development Corporations (CEDCs). Individuals will now be able to purchase shares or securities in CEDCs in their local community to pool their resources together to invest in eligible community projects. CEDCs will be controlled by a local group of officers and directors.
Learn about what's unique about the New Brunswick model for community investment, key lessons learned in establishing the CEDC legislation, and more!
Jeff Harriman, Senior Analyst-Capital Markets, Financial and Consumer Service Commission (FCNB)
Jeff is a Chartered Accountant, and is the FCNB’s main point of contact for our Fullsail capital markets initiatives. Currently he is working on a number of programs and initiatives relating to FCNB’s access to capital focus. Jeff joined the FCNB in June, 2007 in the Regulatory Affairs division as a Securities Analyst where his responsibilities included financial statement, and prospectus reviews. He has experience on several National Finance Committees. Prior to joining the Commission Jeff worked for 10 years with Deloitte & Touche, LLP, 7 within Saint John and 3 in Brisbane, Australia.
Wendy Keats, Executive Director of the Co-operative Enterprise Council of New Brunswick and CCEDNet Board Member
Wendy Keats is a co-founder and the Executive Director of the Co-operative Enterprise Council of New Brunswick, a leading CED agency in the province. Prior to this, she spent 18 years as a private CED consultant and trainer working with nearly 200 community groups in organizational development, strategic planning, governance, project management, and many other development areas. Wendy is a certified mediator and served as a senior faculty member of UPEI’s Centre for Conflict Studies for more than a decade. She provides training and mediation services to all levels of government, business and the community. Wendy sits on numerous boards and committees related to CED and has a special passion for youth engagement and renewable energy. She lives completely off-the-grid in the woods of Salisbury, tending her gardens and relaxing on the river whenever the hectic world of CED allows it.