Social enterprises can find it difficult to raise capital from community‑minded investors. Even in the non “social enterprise” sector, most capital for small and startup enterprises is still raised from friends and family rather than banks, wealthy investors or other more traditional sources.
Continue reading “The evolving world of social finance in Ontario”
The Ontario Nonprofit Network has just released a new discussion document, “Principles for Community Financing in Ontario” (pdf) into which Brian Iler had considerable input.
The paper is intended to provide a foundation for collective action and discussion on the topic of nonprofit financing. Towards this goal, it lays out eight foundational principles for community financing which the authors, the Ontario Social Economy Roundtable, a constellation of the ONN, hope will contribute to greater understanding and engagement in the field of community based financing in Ontario and in other jurisdictions.
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