This story is in partnership with Ontario Trillium Foundation.
Six years ago, in Guelph, Ontario, 10C cofounder and executive director Julia Grady and her team were making plans to move their shared workspace from a small, leased space to their own property. A coworking space for changemakers, the 10C community had outgrown its space at 10 Carden Street and needed a more permanent home.
As a non-profit, however, 10C didn’t have the funds it needed to purchase property in downtown Guelph. 10C had a business model, partners and growing revenue streams, but a typical commercial mortgage would only provide about half of the funds needed for 10C to purchase their new space.
As a solution, Grady and her team began exploring com
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