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:

Pedro co-founded Sistema B in 2011 after decades of experience in cross-country dialogue and implementing solutions for social and environmental problems across Latin America and Europe. Sistema B is a global organization dedicated to new economies promoting the creation of...

Vitor Del Ray is the Principal of Instituto GUETTO, an organization he founded to combat structural and institutional racism by empowering Black, Brown, and Indigenous individuals for the workforce and promoting social mobility. Through initiatives like Mapa Preto da Educação...

Philip Rosedale is a co-founder and advisor of High Fidelity, a company devoted to exploring the future of next-generation shared virtual reality. Prior to High Fidelity, Rosedale created the virtual civilization Second Life and has also worked on experiments in...

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...

Romain Sepehr Vakilitabar is the founder of Pathos Labs, a non-profit laboratory focused on exploring ways in which entertainment and media can rewrite harmful narratives and change culture. One such project is PopShift, an initiative that convenes Hollywood’s leading TV...

From CBS News: The Nehemiah project began in the 1980s building privately-owned homes on land that nobody wanted in East Brooklyn and sold the homes at prices that were affordable to working class families. Church and community organizers mobilized local...

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.