The BCA Group of Companies

The BCA Group is made up of volunteers, the majority of whom are successful business persons. Over the last twenty years, we have created a pool of investment capital for businesses located on Cape Breton Island. It is in response to the capital drain into major metropolitan centers. The general objective is community development and improvement through the use of innovative business tools.

There are four companies involved.

1. BCA HOLDINGS LTD is a not-for-profit company dedicated to raising money for local business development (1989).  Normally BCA Holdings pays a set interest rate of 0 to 4% depending on the amount of deposit.  For larger amounts, BCA Holdings can offer the security of a mortgage-backed debenture. The mortgages are held in trust by the firm of Sampson MacDougall Barristers. We have created hundreds of jobs with this local money. BCA Holdings has never missed a payment of interest to any of the investors. BCA Holdings is a not-for-profit company so that no director can receive fees. We are volunteers. BCA Holdings will concentrate on low risk development projects.  Also, a number of people have established permanent endowments with us. For instance, the interest from the Tic Butler fund provides a one thousand dollar price for local talent.  Also, a number of people have provided money for the St. Vincent de Paul Fund. They want the interest to be used to provide food for the hungry and the principle used to create jobs that prevent hunger. It is also possible for an investor to maintain an account and divert the interest to a charity, thus avoiding any income tax. However, we have only $800,000 in our assets and so we need more money. Spread the word our net worth is over $ 300,000 and we pay interest. More money means more development.
2. BCA INVESTMENT COOPERATIVE: The same organizers have also formed BCA Investment Co-operative Ltd in 1998. This was done to take advantage of 35% tax credits available to Nova Scotian taxpayers. Since this new company has the advantage of tax credits, it was decided that the new company will focus on businesses that have risk attached to them. The new co-operative has 300 shareholders who invested $1.4 million. Our biggest project for the BCA Group has been the construction of a condominium building in Wentworth park in Sydney. This is a project costing over $6 million.   It is because of our positive balance sheet that we could take on such a large project.
3. BCA VENTURE CAPITAL INC is new and will focus on possible new business projects. Those who live in Nova Scotia can purchase BCA Venture Capital shares and receive a 35% rebate on their provincial income taxes.
4. TOMPKINS DEVELOPMENT LTD was set up as a separate company but as a subsidiary to BCA Holdings. Property is usually held by Tompkins such as the Cheese cake plant and the house for prospective Chinese immigration students at 91 Park Street Co-operative. Recently we organized a business research company called Cape Breton Innovation Research Centre (CBIRC), which will manage the affairs of all BCA companies.

Note: that BCA HOLDINGS, BCA INVESTMENT COOPERATIVE, and BCA VENTURE CAPITAL INC are three different companies although there is some board cross-over.

Please feel free to email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

BCA HOLDINGS RECEIVES LOANS AND PAYS INTEREST
BCA INVESTMENT COOPERATIVE SELLS SHARES
BCA VENTURE CAPITAL SELLS SHARES
BCA FOUNDATION ( in process) receives donations