Advancing democratic, place-based impact investing
Local Investing YYC Cooperative (LIYYC) is a for-profit investment cooperative that connects local investors with Calgary-based social enterprises –– and for Boann, a strong example of what building an inclusive impact investing marketplace can look like. Fund III will advance LIYYC’s mission to connect community capital with local businesses that generate meaningful social, environmental and financial returns, while serving as an example for other local groups to raise local capital investing in local businesses.
LIYYC’s investment model is contributing to Canada’s growing social finance ecosystem: The community cooperative model democratizes impact investing and opens the door to unaccredited retail investors who have traditionally been excluded in the impact investing space. Additionally, LIYYC is building traction for place-based investing –– a newer approach to impact investing in Canada –– while drawing on a strong community-based network and a differentiated pipeline of potential investments. Boann is proud to have contributed a catalytic investment in Fund III that will help to attract more institutional capital while supporting an innovative model for impact investing in Canada.