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  • How tax credits and social finance are building a healthy future for Nova Scotians

    Diane Bérard

    July 24, 2023 |

    Future of Good |

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    1500-3000 Words

    Response Location: Canada, Nova Scotia

    Novia Scotia, Canada, created community economic development investment funds with a 35% tax credit to investors to help small businesses that need capital but don’t qualify for bank loans. The cooperative FarmWorks brings together investors and farmers using this funding method to provide loans that will directly support the local food network.

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  • How an $18.6 million dollar fund helps community organizations beat speculators and own their own spaces

    Diane Bérard

    June 06, 2023 |

    Future of Good |

    Text |

    1500-3000 Words

    Response Location: Canada, Quebec

    More than twenty partners in Quebec (including public and private investors, philanthropic foundations, and labor funds) have joined forces to develop a suite of loan programs designed to help social-purpose organizations beat rent inflation and increase their ability to provide community services. The initiative helps qualifying organizations make real estate purchases quickly, rather than risk losing their existing spaces to other buyers while trying to arrange financing. To date, more than 30 social-purpose entities have already received financial assistance and the program is attempting to expand.

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