5.4 Interest & Tears: the Cost of Free Money & the Value of Social Capital
Exploring the cost of what can't get financed, or is hobbled by the cost of accepting a grant or loan, now. Canada is way behind our peers when it comes to financing the small, local, regional or mission-driven. And it is costing us! Exploring the shadowing cost of what we're not doing because we're making it unreasonably hard to do - even though we long to see it done. And solutions worth getting behind that are ripe for promotion right now.
Canada is behind our peers when it comes to Community Wealth Building. We don't do much of it, because we haven't put the systems in place to do it. So when it happens, it takes a miracle of savvy, collaboration and effort. Yet when it happens, social and economic benefits spring forth! Not fixing this gap is costing us! What the cost can look like, to what the fix might be! The opportunity to do better is knocking with the Federal Government's current call for input into the pending budget.
Refenced:
https://www.parliament.scot/bills-and-laws/bills/s6/community-wealth-building-scotland-bill
https://en.wikipedia.org/wiki/Community_development_financial_institution
https://socialcapitalpartners.ca/
The image for this episode is that woodland plant native to my neck of the woods: Fragrant Bedstraw. Pretty - and pretty apt!
