Gabriola Community Investment Co-op
For more information contact us at:
Fay Weller Peter George
Susan Yates Lawrence Spero
INVEST HERE -
Let’s Talk Co-op Investment Projects!
Rescheduled for Tuesday 19th March - The Roxy
With SSI’s community investment co-op speaker, Gabriola Island Community Investment Co-op (GICIC) is proud to present an evening that combines a Gabriola request for proposal (RFP) with Donald McLennan’s stories from Transition Salt Spring’s five years of investing in local projects.The RFP launch is aimed at helping to establish or build on current socially responsible enterprises on Gabriola. Potential entrepreneurs are welcome to submit request for loans if they feel their project is financially viable and is aimed at one or more of: sustainable local businesses, food security, waste recovery and recycling, clean technology and renewable energy, first nations partnership, or affordable housing.
Donald McLennan, a board member of SSI CIC since its inception, will provide concrete examples of how Salt Spring Island’s Community Investment Co-op has invested in over 16 socially responsible projects in the past five years. He will describe some of those projects and talk about the process from request, approval, mentorship, to completion. GICIC will then discuss the RFP process for Gabriola and are hoping for lots of questions and participation from those attending the event.
Mark your calendars for Tuesday March 19, 7:00 pm at the ROXY for Gabriola’s community investment event.
The Gabriola Community Investment Co-op will finance projects to create positive social and environmental impacts in our community, while also providing a modest financial return to our members. We will do this by raising capital through the sale of membership shares. This seed capital is then invested in impact ventures — local projects, land and organizations — that will help Gabriola grow a sustainable island economy and healthy community.
Based on our surveys of entrepreneurs and investors here on Gabriola and what has worked for other communities with investment co-ops, we’re focusing on these investment areas:
Sustainable local businesses and meaningful work
Food security and sustainable agri-food businesses
First Nations partnerships
Waste recovery and recycling
Clean technologies and renewable energy
There are investment co-operatives growing in communities throughout Canada and British Columbia, including the Vancouver Island Community Investment Co-op, and we’re working with them to design the best possible model for Gabriola.
Imagine investing in fellow islanders who want to use food waste currently being ferried away to create nutrient-packed soil for Gabriola farmers, or value-added processing solutions to turn those island-grown vegetables and fruits into exciting new products and the jobs that go with them.
Investors receive a modest financial return from projects like that, and the whole island community benefits.
Based on the feedback we’ve received at packed community events and from two surveys, we know there is a real appetite on Gabriola to build community and redirect some of our hard earned savings to projects that are socially, economically and environmentally sustainable.
And there is no shortage of entrepreneurs with ideas and projects that could make a huge difference here on the island, from food security to housing solutions and renewable energy.
RRSP's Don't Stay
Over $4.3 billion in RRSP investments leave British Columbia each year, with $500 million flowing out of the Islands.
Not one cent is invested locally.
A Community Investment Co- op offers a new way to invest in people and projects that work for Gabriola.