Government Introduces New Business Designation

From the Government of Nova Scotia:

June 15, 2016 9:52 AM

New and existing social enterprises now have the choice to apply for designation as a Community Interest Company.

Effective today, June 15, legislation and regulations allow businesses formed under the Companies Act to be designated as a Community Interest Company. These companies will have characteristics of both businesses and non-profits, combining entrepreneurship with a social purpose.

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SCALING UP DOESN’T ALWAYS EQUAL SCALING IMPACT

Scaling up a social enterprise can be an effective way to increase impact. But in Canada, it’s more the exception than it is the rule, says Andy Horsnell. “When I think of scaling up, I think of the global south,” explains the social enterprise consultant with Common Good Solutions in Nova Scotia.

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BUY SOCIAL CANADA – WHAT IS IT?

In April 2015, Common Good Solutions, with Accelerating Social Enterprise CCC Ltd., Open Door Ventures and Realize Co-op launched Buy Social Canada, a marketing brand to help buyers to identify legitimate social enterprises and social purpose businesses and accordingly make purchases that benefit our local communities.

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PRELIMINARY SOCIAL ENTERPRISE SURVEY RESULTS

The 2014 social enterprise survey in Nova Scotia (authored by Common Good Solutions), created and completed in partnership with ENP Canada, Mont Royal and Simon Fraser Universities, identified over 1,170 social enterprises in the province. Valid survey responses were received from 232 social enterprises, and preliminary results are available.

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