Government of Canada announces three Social Finance Fund wholesalers

The federal government says its plan is to catalyze $2 in private social investment for every $1 spent throughout the $755 million Social Finance Fund’s administration. That’s a huge amount of money for social purpose intermediaries.

Author

How an $18.6 million dollar fund helps community organizations beat speculators and own their own spaces

The real estate crisis is forcing community organizations to devote more and more of their funding to rent at a time when demand for their services is growing. Moving isn’t an option for community-based organizations who need to be where their clientele is, but innovative social finance could provide solutions.

Author

How tax credits and social finance are building a healthy future for Nova Scotians

Canada’s small-scale farmers and food producers face a myriad of challenges, including access to capital. Could community investment funds provide a solution, while also building resilient food systems and healthy people?

Author

A new pilot program aims to encourage equity-crowdfunding — will it work?

Non-profits and co-operatives could be leveraging community bonds and preferred shares to raise capital, but many don’t. A new pilot program in Quebec hopes to change that by matching every dollar invested.

Author

Does shareholder climate activism complement grassroots activism?

Transitioning to a low-carbon economy and society requires buy-in and intentional actions from publicly traded corporations, not just social purpose companies. Shareholders can push for climate action should they choose to exercise their power. Will they?​​

Author

A first: Non-profit ranks in Globe & Mail ranking of Canada’s top-growing companies

Non-profits’ gross domestic product (GDP) was $185.8 billion in 2020, representing nine per cent of Canada’s total GDP. Over the 2010 to 2020 period, the real GDP of non-profit institutions outpaced that of the overall Canadian economy in five out of 11 years. The real GDP of non-profit institutions grew by an annual average of 1.9 per cent over the 11 years, faster than the total economy (+1.5 per cent).

Author

Seven solutions to help non-profit promoters deliver more affordable units

Real estate developers have little to gain from building affordable units. Even when laws force them to include those units in their projects, like Montreal’s 20-20-20 rules, they pay a fine not to do so. Non-profit housing is still the most efficient way to ensure a critical mass of long-term affordable units in a community.

Author

In conversation with Mansib Rahman, co-founder and CEO of Radish

Montreal’s Radish plans to be the first co-op in the world to issue shares. Those shares would not guarantee voting rights, only economic rights. Co-op members would keep all the influence. Will it work? This conversation concerns financial innovation, finance’s role in hyper-local ventures, investors’ extra-financial motivations, and the risk of mixing money and the common good.

Author

Nature Investment Hub hopes to generate $20B for natural land conservation and restoration in Canada

In 2022, the United Nations adopted the first multilaterally agreed definition of Nature-Based Solutions (NBS). This December will see Cop 28, the international conference to assess progress on the 2015 Paris Agreement goals to combat climate change. It will include the launch of the first State of NBS report. NBS can save more CO2 annually than the emissions from the entire global transportation sector and reduce the intensity of climate hazards by 26 per cent.

Author

Canada’s Social Finance Fund’s first investment champions outcomes financing

Over the last decades, a vast amount of federal money has been injected to address socio-economic issues. However, there have yet to be outstanding successes in changing the trajectory of socio-economic indicators, such as overall health, education and environmental issues. Outcomes financing might be a valuable tool to address some of these challenges.

Author