Grow your community by investing locally

Small town residents everywhere know the feeling of declining populations, services, and businesses. But what if rural communities could use their investment dollars to bolster their own economies? With a co-operative, they can.

More rural communities are learning how to use the co-operative model to capture local money — including RRSP contributions — to invest in local businesses. Across Canada, Community Investment Co-operatives (CIC) allow people to pool their money and lend it to local business owners.

In Sangudo, Alberta, an investment co-op was used to retain a local meat packing facility that may have otherwise closed with the owner’s retirement. The FarmWorks Investment Co-operative in Wolfville Nova Scotia provides loans for farms, food processors, and value-added food producers.

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