Optimizing the impact of Canada’s Small Business Financing Program
Social Capital Partners and Venture for Canada made a joint submission to Innovation, Science, and Economic Development Canada (ISED) to amend the Canadian Small Business Financing Program (CSBFP) to make it easier for would-be entrepreneurs to purchase existing businesses. Our recommendations to encourage more Entrepreneurship through Acquisition, or ETA, could help stop the decline in entrepreneurship, protect small businesses, keep wealth in Canadian communities and unleash more local, private-sector innovation.
At the corner of Main Street and Purpose: Rethinking small businesses by rethinking who owns them
Is alternative ownership the future of business in Canada? Shane Gibson from Future of Good reports on how converting to a non-profit, establishing an Employee Ownership Trust, or becoming a co-operative can help a small business become more sustainable, ensure job security and retain wealth within the community.
October 18, 2024In the mediaAlternative ownership,Local economies,Employee Ownership Canada (EOC),Small business
Employee Ownership Trusts make it easier for Canadian businesses to share wealth with employees
When outside interests take over a small or medium business, it's often purchased then closed, leaving holes in the community. Future of Good reports on how new laws could encourage more retiring business owners to sell to their employees through Employee Ownership Trusts. EOTs help businesses stay local and contribute to employee retention and financial wealth.
June 21, 2024In the mediaAlternative ownership,Employee Ownership Canada (EOC),Small business
Consultation on the future of competition policy in Canada
Canada’s existing competition regime is unfair for small business. We surveyed over 1,000 small business owners to understand how competition policy has affected them.
March 23, 2024SubmissionLocal economies,Small business,Competition
A positive vision for the future of Canadian competition policy
The concentration of corporate power in Canada can be traced back to the antiquated objectives of our nation’s competition policy. Our submission to the government’s review of the Competition Act provides sharp critiques and recommendations on a path forward.
March 1, 2023SubmissionLocal economies,Small business,Competition
Business-in-a-box concept paper
Small, independent businesses are the backbone of our economy. Unfortunately, they’ve become harder to start and struggle to compete with large chains. We’ve been inspired by owner-owned cooperatives that help small businesses thrive.
July 1, 2020BriefLocal economies,Economic policy,Small business,Competition
Rate drop rebate: final evaluation report
The story of the Rate Drop Rebate pilot, including key milestones, successes, dilemmas, insights and lessons learned. The Rate Drop Rebate was a unique partnership that brought SCP together with financial institutions, publicly funded employment service providers and the Government to reduce unfair barriers to employment and help grow the province’s small and mid-sized businesses.
October 24, 2017ReportLocal economies,Leveraging capital,Economic policy,Small business,Labour & skills
Ontario launches rate drop rebate in London
Ontario is launching an innovative partnership with financial institutions to help businesses in London grow and increase employment opportunities for people with disabilities and facing other barriers. Through the new Rate Drop Rebate program, small- and medium-sized businesses that hire eligible people can receive discounted rates on financial products, such as loans. The rebate is made possible through funding from Ontario's two-year, $4-million Community Loans Fund.
April 11, 2016News releaseLocal economies,Economic policy,Small business,Labour & skills
Ontario financial institutions and government join forces to boost local businesses and do good in communities
Rate Drop Rebate™ pilot is expected to significantly impact those facing barriers to employment include students with limited work experience, long-term unemployed, older unemployed, people with disabilities, newcomers to Canada and unemployed Indigenous persons. The program aims to generate up to 1,100 new employment opportunities.
April 11, 2016News releaseLocal economies,Leveraging capital,Economic policy,Small business,Labour & skills,Community Finance
Ontario improving employment opportunities for people facing barriers
Ontario is partnering with leading financial institutions to build on Social Capital Partners existing loan program and create a fund aimed at increasing employment opportunities for people facing employment barriers.
December 3, 2015News releaseLocal economies,Leveraging capital,Economic policy,Small business,Labour & skills