For the investment season of 2011-2012, BCA is assisting two community groups to develop Community Economic Development Investment Funds (CEDIFS). CEDIF is a Nova Scotia government programme whereby the province grants a 35% tax credit to those who invest in a qualified community business group. The programme is intended to stimulate local economic growth and job creation. The two groups associated with BCA are: Mabou Growth Fund ltd and Red Brick Row Investment Cooperative ltd.
Investors must leave their investment with the CEDIF for five years. Following are samples:
| Investment | Income tax savings |
| $3,000 | $1,050 |
| $5,000 | $1,750 |
| $10,000 | $3,500 |
| $50,000 | $17,500 |
| $100,000 | $35,000 |
You can apply the tax credits to this year, or to the last three years or to the next seven years
Mabou Growth Fund Ltd.
Mabou is the headquarters of a very successful company based on medical technology, Halifax Biomedical ltd. At present the company employs 17 technical people. The company is growing and expects to hire more people. However, the influx of new people in the area has created a housing problem. Thus, local leaders have developed this investment company which places a priority on investment in companies developing the local housing stock. While real estate development is a priority, the group is interested in any business that creates jobs in this small rural community.
Those interested in such an investment may contact:
Download our Mabou Growth Fund Ltd. Offering Document
Red Brick Row Investment Cooperative Ltd.
This community business group is located in Sydney Mines and is the site of the some of the oldest coal mines in Canada. This group is associated with New Deal Development ltd, a community development corporation. A priority of this group is to support businesses involved in the restoration of company houses. They have already invested in a company which is carrying out the restoration of the Red Brick Row, the oldest company housing in Canada. It was built in 1829.
Those interested in such an investment may contact:
