Residents can attend a public launch session regarding a new community investment co-op. The West Kootenay Boundary Investment Co-op is modeled off Creston’s which was the first in rural BC.
Eden Yesh is the project manager and says now they’re looking for anyone who wants to diversify their portfolio by investing locally.
“We can invest all around the world into national and international stocks and mutuals, but we can’t very efficiently invest into local businesses so these co-ops are a cost effective and efficient way to invest at home in the places that we live, work and play.”
Yesh says so far things have gotten off to a good start. There are already 20 investors interested and their goal is to reach 60 by December 14. Yesh explains who can invest.
“The regional models, we actually opened it up to both individual and corporations, incorporated entities, so that could be businesses who want to invest, local governments, chamber of commerce, community foundations, First Nations.”
Information sessions are happening around the region starting in Nelson on November 27.
You can find the full schedule here.