Mobilizing Local Capital --- Community Investment Co-ops in Rural BC

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November 13th (Tuesday) in Golden, BC, from 6:00 p.m. to 7:30 p.m. - Golden Seniors Centre, 1401 - 9th Street South

November 14th (Wednesday) in Revelstoke, BC, from 6:00 p.m. to 7:30 p.m. - Regent Hotel, Selkirk Room, 112 - 1 St E

November 15th (Thursday) in Radium, BC, from 12:00 noon to 1:00 p.m. - Prestige Radium Hot Springs Resort, 7493 Main Street W

November 15th (Thursday) in Invermere, BC, from 6:00 p.m. to 7:30 p.m. - Columbia Valley Centre, 646 - 4th Street

November 20th (Tuesday) in Sparwood, BC, from 12:00 noon to 1:00 p.m. - Chamber of Commerce, Natal Room, 141 A Aspen Drive

November 20th (Tuesday) in Fernie, BC, from 6:00 p.m. to 7:30 p.m. - Park Place Lodge, 742 Highway 3

November 21st (Wednesday) in Kimberley, BC, from 6:00 p.m. to 7:30 p.m. - Kimberley Conference Centre, North Star Room, 301 N Star Blvd

November 22nd (Thursday) in Cranbrook, BC, from 6:00 p.m. to 7:30 p.m. - Heritage Inn, Club Room, 803 Cranbrook Street North

November 27th (Tuesday) in Nelson, BC, from 6:00 p.m. to 7:30 p.m. - Hume Hotel & Spa, Hume Room, 422 Vernon St.

November 28th (Wednesday) in Trail, BC, from 6:00 p.m. to 7:30 p.m. - Trail United Church, 1300 Pine Avenue

November 29th (Thursday) in Grand Forks, BC, from 6:00 p.m. to 7:30 p.m. - Community Futures Boundary, 1647 Central Avenue

December 4th (Tuesday) in Castlegar, BC, from 6:00 p.m. to 7:30 p.m. - Castlegar and District Community Complex, Purcell Room, 2101 - 6th Ave.

December 5th (Wednesday) in Silverton, BC, from 12:00 noon to 1:00 p.m. - Memorial Hall, 203 Lake Avenue

December 5th (Wednesday) in Nakusp, BC, from 6:00 p.m. to 7:30 p.m. - Royal Canadian Legion Branch 20, Upper Hall, 404 - 1st St NW

December 6th (Thursday) in Kaslo, BC, from 6:00 p.m. to 7:30 p.m. - Seniors Hall, 312 - 4th Str.

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Mobilizing Local Capital Background

Community Impact Investing is the process of connecting local investors to local investment opportunities. While the demand for investing locally is increasing, traditional options available to investors limit where they can invest. The result is that most local investment capital leaves our community and is invested into far off stock markets and corporations. An unintended consequence is that while our investments create significant jobs and wealth elsewhere, the places we live, work and play are overlooked.

Community Investment Co-ops (CICs) are a new and innovative support system for rural economic and business development that effectively bridge the gap between local investors and local ventures in need of financing. CICs are a cost effective, community owned and controlled impact fund. They enable residents to become partners in locally driven economic development, which leads to stronger and more sustainable economies. In other words, your money won’t be in stocks and mutual funds, but more importantly in local projects and people.

The 2018 Mobilizing Local Capital (MLC) project is a joint initiative between Kootenay Employment Services, BC Rural Centre, the Province of BC, and dozens of community and economic development organizations across the region. During January and February 2018, over 400 residents in the Kootenay Rockies, Boundary and Columbia-Shuswap regions attended community impact investment sessions, and committed to establishing two new regional Community Investment Co-ops.

Over 70 economic development stakeholders formed two advisory committees: one for East Kootenay Columbia region and one for West Kootenay Boundary region. These committees participated in four months of investment co-op business planning activities. During the Summer and Fall, the CIC Consultant, a Co-op developer and a lawyer, and the business planning committes compiled the East Kootenay Columbia Community Investment Co-op's and the West Kootenay Boundary Community Investment Co-op's founding documents: the Memorandum of Association, Bylaws and Business Plans. Now finalized, we are undergoing a public launch of the two new Investment Co-ops:

www.eastkootenaycolumbia.com
www.wkbinvestmentcoop.com

Eden Yesh, Invermere Branch Manager for Kootenay Employment Services, project manager to the 2018 Mobilizing Local Capital initiative, and Chair of the BC Community Impact Investment Coalition, will emcee public launch sessions throughout the region. These public launch sessions will highlight key areas of the business plan, governance and purpose of the new Investment Co-ops.

** We are seeking individuals and corporations who wish to become founding members of these new local impact investment co-ops, and who wish to make a difference in the communities they live, work and play **

All public launch sessions are open to the public and admission is free. There is limited seating in each community so please RSVP right away.

Please RSVP below to a public session near you or contact th@kes.bc.ca for assistance.

This project is generously funded by the Province of British Columbia, Kootenay Employment Services Society and the BC Rural Centre

This project is supported by many wonderful community economic development organizations from around the region.

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