Unleashing Local Capital
Impacts Entire Province
RADF Investment: $1,260,000
Other Investment: $440,000
Total Investment: $1,700,000
Project Period: February 2012 - December 2013
Community Development
Economic Development
Project Description
The Unleashing Local Capital project will empower communities to invest locally, direct their own economic development and reduce dependency on government supports by directing outward-bound investments towards local businesses, keeping local capital flowing through local communities. This project will educate rural communities on the community investment model while assisting in establishing a community investment fund - a pool of capital raised from local investors, managed by a local committee and then invested in local businesses. Three pilot communities will be selected to test and implement this model.
Expected Outcomes and Benefits
All projects go through a selection process to ensure they will improve the quality of life for Albertans. This project meets this objective through the following outcomes and benefits:
- Create Raising Local Capital Guide that will act as a toolkit of training resources to help establish community investment funds in other rural Alberta communities
- Addresses rural business succession planning, directs local capital back into rural communities and simplifies and reduces cost of investing
- Albertans investing in their own communities will lead to new businesses, higher employment and income levels and strengthen provincial and regional economies