Fueling Social Impact: 5 Funding Resources

At Common Good Solutions, we take immense pride in our role as facilitators of growth, connectivity, and resource sharing for organizations seeking to enhance their capacity and extend their social impact. We understand that the journey toward organizational transformation and expansion is often fueled by access to the right resources and opportunities. That's why we are deeply committed to assisting organizations like yours in unlocking the necessary resources to scale up and magnify your influence within your community.

As we embark on the second quarter of the year, we recognize the significance of strategic planning and resource mobilization in achieving your growth objectives for 2024. To support you in this endeavor, we have compiled a list of five valuable funding resources for both nonprofits and for-profit social enterprises.?

National:

Get up to $2,400 to grow your business online: To develop a new e-commerce website or add functionality to your existing site (e.g. online reservation/booking tools, online ordering systems, electronic payments, search engine optimization (SEO))

To hire a consultant to help with digital marketing strategies for your e-commerce store that could include activities such as social media advertising and much more! Learn more here: https://ised-isde.canada.ca/site/canada-digital-adoption-program/en/grow-your-business-online?

Innoweave Funding - Innoweave provides an opportunity for Canadian charities, non-profits, and social purpose organizations looking to leverage social innovation tools to support their impact with an opportunity to engage with a coach over one year to enhance their Impact strategy, social enterprise strategy, policy engagement tools. You can read more about it here - https://innoweave.ca/coaching-streams/apply-for-support/?

If you want to learn more about Innoweave and work with our consulting team on bringing your project to life, set up a time to meet here: https://calendar.app.google/mJfUnrRbZzqvzkLe8?

Atlantic Canada:

CBDC Social Enterprise Loan

CBDC Social Enterprise Loans and financing is available to nonprofits, including charities, cooperatives or societies in need of business support (in the form of a loan or loan guarantee). Financing will be used to buy assets, renovate existing ones or expand a social enterprise. CBDC Social Enterprise Loans are specifically intended to provide financial support for revenue-generating business operations of officially registered non-profit organizations.

The CBDC offers loans of up to $150,000* per eligible applicant. (Loans are repayable with competitive interest rates and repayment terms). Learn more here: https://www.cbdc.ca/en/programs/cbdc-social-enterprise-loan?

Export Development Program - EDP by Invest Nova Scotia offers financial incentives to offset the cost of projects that assist a business’s ability to overcome barriers to grow beyond Nova Scotia. The fund allows organizations to access up to $15,000 of funding under two streams to - attend trade shows and events, or engage with external consultants

Learn more here: https://investnovascotia.ca/export/programs-services/export-development-program?

Impact loan - Metro Business opportunities

Impact provides repayable loans of up to $25,000 to start or expand small businesses looking to have an impact on the community. Available to entrepreneurs in Mount Pearl & St. John's

https://www.mbobusiness.ca/impact