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

A dollar sign forms one of the columns of a stately building

From Diane Berard / Future of Good: 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.

Click here to read the original story.

Find other articles covering creative finance solutions.

More Resources:

From Jackie Mader / The Hechinger Report: The $10 a Day initiative, which started in British Columbia and is now being expanded throughout Canada, subsidizes child care centers so that tuition for families can be capped at a more affordable...

Elizabeth Sawin is the Director of Multisolving Institute. Beth is an expert on multisolving actions that address equity, climate change health, well-being, and economic vitality as integrated issues. She developed the concept after studying bright spots around the world where...

From Katharine Houreld / The Washington Post: GiveDirectly runs a program that gives a lump sum of cash directly to those in need, without needing to qualify with other specifications (such as school enrollment or vaccination status). Lump sum funds...

Alison Guzman is the Country Program Co-Director of MAPLE Microdevelopment Chile. As the co-director of a team based in Wallmapu (Mapuche Ancestral lands), they apply decolonizing methodologies, where indigenous local knowledge and local wisdom-based systems are prioritized to enhance an...

Sheeza Shah is Founder and Managing Director of UpEffect, a crowdfunding and social impact consultancy shaping a benevolent economy through equitable finance and strategy. Sheeza has spent the past decade in the tech, non-profit, and social enterprise world project managing...

From Annie Banerji / Christian Science Monitor: Microfinance institutions in India are providing low-cost loans to women in remote areas who typically only have access to loan sharks. The women are using the money to break poverty cycles and start their...

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies. For more details, please see our Privacy Policy.