CICs provide residents with the opportunity to create a cooperative that pools investment capital to support their local businesses. Once a group of individuals choose to pool their investments into a cooperative, they can offer loans to the small businesses in their neighbourhood. This initiative has proven successful in keeping dollars local while supporting small businesses.
Local Investing YYC through Momentum has shown the success of Community Investment Cooperatives. They have successfully supported numerous local small businesses in Calgary. For more information on what they do and their success stories click on the link below: