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gov.ns.ca Government of Nova Scotia Nova Scotia, Canada
 
Economic and Rural Development

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.

12.22.2009   Some like to take a local risk - Chronicle Herald
11.13.2009   Government of Canada Invests in Economic Development Program for Southwestern Nova Scotia
07.30.2009   2009 CEDIF Meeting(s) have been scheduled
07.13.2009   2009 CEDIF Annual General Meeting(s)
02.27.2009   Port Hood RV Co-operative Ltd. has launched a third share offering
02.26.2009   South West Nova Community Investments Ltd. is canceling the 2008-09 offering, expects to re-offer in fall 2009
02.25.2009   Just Us! Fair Trade Investment Co-operative to host public information sessions
02.16.2009   Covey Island Boatworks Launches CEDIF
02.16.2009   Covey Island Boatworks Launches CEDIF
02.16.2009   Port Hood RV Co-operative Ltd.

More news >>

Funds Open for Investment Over the past 10 years, a pattern has emerged where Funds develop an Offering Document and attachments through the summer and early fall, so as to attain an Equity Tax Credit Certificate (Minister of Finance) and Letter of non-objection (NS Securities Commission) in November or early December. This enables the Fund(s) to be able to sell into the period between December and 60 days after the calendar year end, also known as the "RRSP season".

There have been exceptions to this general rule with successful offerings completed in the summer months, however, the majority of applications continue to be submitted in late October.

This years meetings at The Old Orchard Inn (Aug 27/09) and CBU (Sept 3/09) as well as conversations, applications and other correspondence would indicate a significant number of offerings this year and the table below outlines what is expected to be available to local investors.

While a Fund or Funds may not be open for investment at this time, persons interested in learning more about any of these Funds is encouraged to contact them directly.

(Updated 12.14.2009)

Fund Status Min/Max Offering Minimum Investment Contact
BCA Venture CapitalOpen$200,000-
$2,000,000
TBAGreg MacLeod
567-0000
Black Business Community Investment Fund LimitedOpenTBATBAGordon Doe
426-6985
Colchester-Cumberland WindFieldOpenTBAShelly Wilcox
209-5911
Farmer's Market Investment Co-Operative Ltd.Open$500,000-
$2,500,000
TBAGlenn Munroe
483-4732
Home Safe Living Investment Fund Ltd.OpenTBATBATBA
Just Us Coffee - WolfvilleOpen$100,000-
$300,000
TBAMelissa Stewart
1-888-668-8436
Lunenburg Working Waterfront Investment Fund Ltd.Open$100,000-
$3,000,000
$2000Shelley Wilcox
209-5911
New Dawn Enterprises LimitedOpen$2,000,000$1,000Rankin MacSween
539-9560
Ocean Links Investment Inc.Open$1,000,000$5,000Derek Forsythe
986-1740
Performance Genomics Investment Fund Co-op LimitedOpen$100,000-
$600,000
TBABrian Matthews,986-4495
Port Hood RV Co-operative LimitedOpen$50,000-
$500,000
TBAJoe Morris
787-2207
South West Nova Community Investments LimitedOpen$100,000-
$500,000
TBAAngela Carver
742-5364
Watts Wind Energy Inc.OpenTBATBAJeff Larsen
         
Antigonish Investments LimitedAppliedTBATBA
Bay Wind FieldAppliedTBATBADoug Miller
1-877-380-WIND (9463)
Chebucto Wind Field Inc.Applied$100,000-
$3,000,000
$500Shelly Wilcox
209-5911
Climate Community InvestmentAppliedTBATBA
Dundee HoldingsAppliedTBATBA
Northumberland Wind Field Inc.AppliedTBAShelly Wilcox
209-5911
Sou'Wester Wind FieldAppliedTBAShelly Wilcox
209-5911
Stonehame Investment Fund Ltd.AppliedTBATBA
Truro Investment Co-operative Ltd.AppliedTBATBA

More funds >>