“WE HAD THE VISION AND VICIC INVESTORS MADE OUR BUSINESS A REALITY.”
The Vancouver Island Community Investment Cooperative (VICIC) is a member-driven cooperative that works to create opportunities for residents of Vancouver Island and the Gulf Islands to invest in sustainable social, economic and environmental futures for our communities while generating a private financial return to members.
Impact Investing is focused on projects that have social, economic and environmental benefits. Those can be big projects based on social wellbeing, or a local commitment where people witness the impact of their own investment within their community.
We do this by creating funds that members can contribute to that help finance local projects that benefit communities. Membership is open to all residents for a one-time fee of $250, redeemable at any time. Members can contribute to the 2019 I Invest Local Fund by using the Subscription Agreement. The Subscription Agreement allows you to purchase investment shares in units of $250.
The cooperative is governed by a board democratically elected by the membership at its AGM. The cooperative is democratically controlled by the members, with transparent decision making – this is one key difference to the stocks and shares investments that RRSPs typically rely on.
2019 I Invest Fund
The 2019 I Invest Fund will focus on renewable energy, sustainable local agriculture, clean technologies, affordable housing, First Nations partnerships, and locally-owned enterprises that create sustainable livelihoods for the residents of the Islands.