COVID-19 Emergency Loan Program
Worried about your business?
Want to help local businesses?
Working with the Chamber of Commerce, the Gabriola Island Community Investment Coop is launching an emergency loan program immediately to help local businesses meet some pressing expenses until money becomes available from government programs.
Loan amounts are between $500 and $2,500.
The Chamber of Commerce will pay the interest on these loans upon repayment making them interest free.
Applications will be processed as quickly as possible.
For more information email email@example.com
Read the Criteria and Process documents here.
Get the loan application form here.
Send the completed application form to: firstname.lastname@example.org
Want to help? We are opening a separate fund for donations to this program. This fund will be used primarily to offset any loan defaults.
The easiest way to donate is to send an e-transfer to email@example.com indicating that the donation is for the emergency program.
To become a member of the GICIC (membership form).
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.