Government of Nova Scotia
Economic Development
cedif
A CEDIF is a pool of capital, formed through the sale of shares (or units), to persons within a defined community, created to operate or invest in local business. It cannot be charitable, non-taxable, or not-for-profit, and must have at least six directors elected from their defined community. More >>

News
Any CEDIF applications received by the Dept of Finance after June 30, 2006 will not qualify for the 20% guarantee.

02.29.2008   New Dawn Holdings Limited in Sydney recieves non-objection letter.
02.04.2008   The Sustainable Islands Fund recieves non-objection letter.
02.04.2008   Whycocomagh Investment Co-operative Limited recieves non-objection letter.
02.01.2008   Community Fund Targets Green Investments
01.16.2008   Soil Ecology Investment Group Ltd. receives non-objection letter
01.16.2008   Seawall Farmers Market receives non-objection letter
01.14.2008   BBI receives non-objection letter
01.14.2008   Port Hood RV Co-operative Ltd. receives Letter of no-objection
12.10.2007   Bay Wind receives Letter of no-objection
12.10.2007   Canada Revenue Agency Approves the CWCF SD-RRSP Program for CEDIFs

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Funds Open for Investment The pattern followed by most Funds has been to make application in the fall so as to be able to sell shares in the first 60 days of the new year, to correspond with the RRSP season. This year continues this pattern with a number of Funds currently under development.

The table below summarizes the status of these applications. (Updated 11.16.2007)

Fund Status Target Offering Minimum Investment Contact
Bay Wind FieldOpen$100,000-
$3 million
$1,000Loretta Lyons 1-877-380-WIND (9463)
Black Business Community Investment Fund Ltd.OpenGordon Doe 426-6985
Chebucto Wind Field Inc.Open $100,000-
$3 million
$500Shelly Wilcox
209-5911
Connecting People Equity HoldingsOpen$1.5 Million-
$3.0 Million
$5,000Dianne Kielderman 442-4645
Evangeline FundOpen$99,999-
$999,999
$3,333.33John Fitzgerald 670-5200
Farmer's Market Investment Co-Operative Ltd.Open$500,000-
$2.5 million
Glenn Munroe 483-4732
Just Us Coffee - WolfvilleOpen $300,000$1,000Melissa Stewart 542-7474 ext. 257
Margaree and Area Community Fund Inc.Open$600,000$500Tony Parsons 248-2543
New Dawn Holdings LimitedOpen$100,000 - $1,500,000$1,000Rankin MacSween 539-9560
Port Hood RV Co-operative LimitedOpen$50,000-
$700,000
Joe Morris 227-5697
Select TechnologiesOpen$400,000-
$3 million
$10,000Ron McLeod 421-6024
Soil Ecology Investment Group Ltd.Open$100,000-
$250,000
$500Shelley Wilcox 209-5911
The Sustainable Islands FundOpen$140,000-
$3 million
$1,000Dana Morin 839-2078
Whycocomagh Investment Co-operative LimitedOpen$150,000-
$660,000
$1,000Marilyn MacDonald 756-9035

More funds

Notice

Persons involved with the management of a fund should know the following:

ETC Regulations
Dept. of Justice

Investment Pacing
Dept. of Finance
• NSSC - TBA



Community Economic Development Investment Funds

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CEDIF Information Sheet

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