Local Capital

The first part of this 2012 paper discusses the ‘financing gap’ and dominant trends in the international world of finance and how local capital can be regarded as somewhat of an alternative to these trends.		The second part analyzes how local capital not only mobilizes local investment dollars, but also other community resources to foster growth and development. The report explores some of the mechanisms for raising local capital using debt and equity to finance community owned businesses and presents some successful examples. The last section of the paper introduces several financing mechanisms that could be used by rural communities in Alberta to raise local capital.
URI:	http://hdl.handle.net/2149/3207