Two new BC Interior-based community investment co-ops have recently been formed — the East Kootenay Columbia Investment Co-op, and the West Kootenay Boundary Investment Co-op.
Both are for profit Co-operative Association registered in British Columbia. They are member-owned, locally controlled and governed by a volunteer Board of Directors.
East Kootenay Columbia is designed to finance businesses located in BC’s East Kootenay Columbia, which includes the following regions and towns:
West Kootenay Boundary is focused on:
Upper Slocan, Arrow, and Kootenay Lakes
How They Work
1. Capital Pools
Co-op members pool their money together to directly support businesses in their communities. The idea is to make an impact in local communities while earning a return.
2. Financing Local Businesses
Businesses within these regions can apply for financing that works for their unique needs. Approved applicants receive business development guidance, collaborative financing and ongoing support.
3. Partnering for Success
The co-ops will leverage their member’s investments with traditional financial institutions to provide the capital businesses need to grow.
4. Creating Community Impact
The co-ops will direct capital into local businesses that provide economic, social, environmental, and community impacts. The general idea is to do good while making a profit.
Interested in participating? Visit their websites at:
For Further Info on New Community Investment Co-ops
East Kootenay information: firstname.lastname@example.org
West Kootenay/Boundary information: email@example.com