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:

Jonathon Freeman is a founding member of the Native Roots Network, an Indigenous community development organization that, most notably, has curated and organized Our Story: Native Art Exhibitions, advocated for Indigenous cultural revitalization, the protection of Indigenous lands and sacred...

Ledama Masidza is an emerging young Kenyan leader in marine conservation and community empowerment, fueled by an unwavering love for the ocean. Advocating for sustainability, Ledama drives transformative initiatives that champion community-led conservation and sustainable policies. Ledama Masidza spoke with...

Thomas Legrand is the Lead Technical Advisor for the UNDP-convened Conscious Food Systems Alliance (CoFSA). He holds a Ph.D. in Economics and has 20 years of experience in sustainable land use, climate change, sustainable finance, leadership, and developing inner capacities...

Deepa Iyer is the co-founder of Ayeko Farms, an initiative focused on sustainable agriculture and building community resilience through farming practices. She works to promote environmental sustainability and social equity by fostering deeper connections between communities and the land. Deepa...

From Oscar Perry Abello / Next City: With funding from city governments, the nonprofit RIP Medical Debt acquires and cancels medical debt by negotiating directly with hospitals. The only requirement is being under 400% of the federal poverty line and...

From Jon Marcus / The Hechinger Report: As their workforces age, states across the United States are offering student loan repayment to incentivize college graduates to stick around. Now Maine and Vermont are the first to offer it to those...

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.