The Vancouver Island Community Investment Cooperative is hosting the first of its I Invest Local Forums in Vancouver Island communities this fall. The forums are a unique opportunity for residents to learn about directing their own investments into local projects that make the community better, while earning a financial return. The events take place in Courtenay on October 3rd, 2019 and in Sidney on October 10th.
The Vancouver Island Community Investment Cooperative invests money in local, sustainable projects on Vancouver Island and the Gulf Islands. The Cooperative has just launched its first annual capital raise to meet its members’ objectives and is currently reviewing project proponents for investment.
“In British Columbia, over $4-billion dollars invested in RRSPs each year leaves the provincial economy. If even a small portion of that outflow of capital were redirected toward local projects, the impact would be significant,” says Rupert Downing, the Cooperative’s Executive Director. The Cooperative is one of nine community investment cooperatives now operating in BC to give residents a chance to invest in people, enterprises and projects that benefit local communities. Community Investment Cooperatives are established models in many parts of the world, including Europe and the US, and a growing economic development tool in Canada.
The forums are sponsored by the Vancouver Foundation, the Canadian Community Economic Development Network, the BC Coop Association, Viridian Energy Cooperative, Leede Jones Gable ethical investing, and Tree Island Yogurt.
The Vancouver Island Community Investment Cooperative (VICIC) is a member-driven cooperative that works to create opportunities for residents of Vancouver Island and the Gulf Islands to invest in sustainable social, economic and environmental futures for our communities while generating a private financial return to members.