The Lennox & Addington Community Investment Fund (L&A CIF) is a new initiative undertaken by the L&A Economic Development Team in partnership with community members from across Lennox & Addington. The initiative seeks to be L&A’s first community investment vehicle, allowing local residents to invest in local businesses. The initiative has four core ambitions:
- Invest in businesses that create demonstrable community benefit
- Serve as a bridge for local companies to scale from small operations to employers who can create 5-10 new jobs
- Attract creative businesses and innovative entrepreneurs
- Be responsive to municipal priorities and community needs
To date, we have been working with a small group of community stakeholders to define core objectives and develop potential models for the L&A CIF and we are now looking to reach a wide group of stakeholders from across L&A to assess interest in the initiative and gauge interest in the different potential models.
Staff will be reaching out to many members of our community directly in the coming weeks but if this initiative sounds like something you may be interested in, we encourage you to reach out directly to our office.