Lennox & Addington Community Investment Fund

The County of Lennox & Addington is exploring the creation of a Community Investment Fund, a local investment vehicle that will provide capital to support the creation of new business from owners currently operating in Lennox and Addington, and to attract new residences to the region who are interested in starting new ventures. This will be accomplished by the Economic Development Office taking a collaborative, ecosystem-wide approach. We want to redirect investor capital from Bay Street to Main Street and create impact that investors can drive-by in their home community.

Throughout the Fall of 2021, the Economic Development Office, in working closely with Keshiv Kaushal, the Queen’s Smith School of Business intern, will be developing a draft business plan, an implementation timeline and key design elements of the Fund. In August, we formed a working committee comprised of Economic Development Coalition members to help us assess and finalize the Fund’s business plan and objectives.

Once the CIF Plan and its’ Fund components have been approved by the working committee and Economic Development Management, the team (led by Keshiv Kaushal) will work with KPMG throughout the fall to structure the Fund from a legal, regulatory and tax perspective.

Faculty Supervisor:

Sandy Staples

Student:

Partner:

County of Lennox and Addington

Discipline:

Business

Sector:

Public administration

University:

Queen's University

Program: