For decades, traditional personal investment options have limited what we can invest in and where, resulting in most of our savings being held in national and international bonds, stocks, and mutual funds. We believe more investment capital needs to stay on the Sunshine Coast where it can produce solid financial returns, create local jobs, and improve our community.
Each year, residents of the Sunshine Coast contribute millions of dollars into their RSP’s, TFSA’s, RESPS’s and RDSP’s. The majority of these investments leave our Coast, our province, and sometimes even Canada. This means the capital is not available to help our farmers buy new tractors; our tech companies to develop new software; our tradespeople to expand their fleet, or for our social enterprises to address pressing issues that exist in our community. Many of our local businesses remain under-financed, and struggle to access the capital they need to grow.
Imagine how we could support the Sunshine Coast economy by re-directing just a percentage of our investment portfolios back into our own communities. What if we built mechanisms to match local investors with passionate and able entrepreneurs who want to build businesses here, raise their families and contribute to our social fabric? And even better, what if our investors earned moderate to strong returns on their local investments over time? Community Futures, Rhiza Capital and the Sunshine Coast Credit Union are working together to help make this happen through their joint venture Rhiza Capital.