RADF Investment: $1,260,000
Other Investment: $440,000
Total Investment: $1,700,000
Project Period: February 2012 - December 2013
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: