Centralized market would help community bonds scale up, report says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 39 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 183%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

The report by Tapestry Community Capital looks at the growing use of community bonds, which not-for-profits are using to raise money for everything from solar projects to social housing

An innovative funding model for community groups could grow to become more mainstream through better co-ordination and awareness, said a new report out Thursday.

“They are powerful tools,” said Tapestry knowledge lead Suzanne Faiza, who was one of the lead authors of the report. As it stands, groups generally raise money from those already involved or close to projects, as established investing avenues are tricky. There are restrictions around what financial advisors can recommend, while banks have a lack of awareness, don’t stand to get commissions, and the bonds compete with bank products, the report notes.

Community bonds often offer lower returns than conventional options, with the promise that a social benefit is part of the return. To make the model more enticing, government tax incentives could help, possibly by following a model already in use in Nova Scotia to help attract investment in local businesses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Centralized market would help community bonds scale up: reportTORONTO — A new report lays out how an innovative funding model for community groups could be scaled up. The report by Tapestry Community Capital looks at...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Centralized market would help community bonds scale up: reportTORONTO — A new report lays out how an innovative funding model for community groups could be scaled up.
Source: SooToday - 🏆 8. / 85 Read more »