The Vancouver Island Community Investment Cooperative (VICIC) is hosting the first of its I Invest Local forums in Courtenay, Oct. 3.
The forum is a unique opportunity for residents to learn about directing their own investments into local projects that make the community better, while earning a financial return.
The Courtenay event takes place at the Florence Filberg Centre, 6:30-8:30 p.m.
To register for the event, go to https://bit.ly/31olTwV
The VICIC invests money in local, sustainable projects on Vancouver Island and the Gulf Islands. The VICIC has just launched its inaugural capital raise to meet its members’ objectives, and is reviewing project proponents for investment.
“In British Columbia, over $4 billion invested in RRSPs each year leaves the provincial economy. If even a small portion of that outflow of capital were redirected toward local projects, the impact would be significant,” said Rupert Downing, VICIC executive director.
The VICIC is one of nine community investment co-operatives now operating in B.C. to give residents a chance to invest in people, enterprises and projects that benefit local communities. Community investment co-operatives are established models in many parts of the world, including Europe and the U.S., and a growing economic development tool in Canada.