Local Economic Development, the Social Economy and Community Engagement

The Canadian CED Network

Author +
Michael Toye

Year: 2012

Michael Toye, Executive Director of the Canadian Community Economic Development (CED) Network, delivered a presentation at the 2012 Federation of Canadian Municipalities (FCM) – International Local Economic Development Forum held in Ottawa from October 29th – November 2nd, which provided an overview of community economic development (CED), the Canadian CED Network, models of CED organizations and programs, demonstrated value of these models, and current trends and resources regarding theory and practice.

Summary of Presentation Contents

CED and the Social Economy in Canada: what they are and the contribution to LED

What is Community Economic Development?
Building Local Economies
Community Resources for Community Benefit
The Social Economy: the third pillar of a plural economy
The CED – Social Economy Linkage
The Embedded Economy
Contributions to Socio-Economic Development

Significant Models

Community Development Corporations
Corporations de développement économique communautaire (CDÉC)
Community Futures Development Corporations (CFDCs)/Community Business Development Corporations (CBDCs)
Vibrant Communities
Social Enterprise
Community Investment Funds
Training Businesses

Comparative Advantages (Demonstrated Impact through Evaluation and Social Return on Investment)

Training Businesses
Micro Loan Programs
Employment Development

Trends and Resources for More Information

The social economy as a strategy for resiliency and a ‘stabilizing force’ for the economy
Growing appetite for ‘blended value’
Concern about increasing inequality
Municipal Leadership
Tools and Events