Flattening the Coronavirus curve is going to bankrupt a lot of people and businesses if drastic and immediate action isn’t taken.
For some reason, the Canadian government has rolled out the 2008/9 financial crisis playbook to solve the short-term complete collapse in demand caused by the coronavirus. Lower interest rates! More debt! More announcements to come! (Let me guess…infrastructure? More more debt?)
There’s one major problem. …
CFIB survey shows significant support for employee ownership trust policies similar to US, UK
At Social Capital Partners, we were thrilled, but not surprised, to see the results from the most recent survey by the Canadian Federation of Independent Business. It showed what has been proven in the US and the UK; that business owners care about a lot more than price when looking…
We’re shifting our focus and we’d like to explain why.
It has been a while since we’ve provided an update to our stakeholders, and for that we apologize. While it’s taken longer to come together than we expected, we want to explain our new agenda that’s focused on increasing access to business ownership.
Our journey to ownership
SCP was founded…
Our efforts to help small businesses survive the pandemic didn’t work. As we wind down the Save Small Business campaign, here’s what we learned and why the future can be different.
By Erin Millar, Jon Shell, Michael Smith and Ben Coli of SaveSmallBusiness.ca
“I have so much fear. How will I feed my family?”
“I’ve stopped working to save lives, but am about to lose everything I’ve built.”
“This is scary as hell. I have employees to pay. Kids to feed.”
We watched these words appear in a Google spreadsheet on the early…
A lot of holes remain in government programs targeted at small businesses. But a few straightforward fixes would help a lot.
Canada now has a bunch of programs in place to support small business: a wage subsidy (CEWS), a loan (CEBA) and a rent subsidy (CECRA). The programs are fine, and are helping a lot of businesses. But, there are some clear holes, and the small business community is quite aligned…
It’s not about evictions — it’s about negotiating power, and the massive imbalance landlords currently hold.
The reluctance of the Canadian federal government and its Provincial governments to institute a moratorium on commercial evictions is leaving hundreds of thousands of small business owners at the mercy of their landlords. This article explains why it’s not as simple as “why would a landlord want to evict anyone?”…
Social distancing is devastating local small businesses and there’s not much time to save them. And the answer is not more debt.
This is an article written in desperation. A last ditch effort to make clear to our governments something that obviously is not yet clear to them: most local businesses will simply not survive social distancing. This week’s Economic Response Plan by the federal government, while addressing some important issues, offered…
A few quick thoughts on the stimulus package (keeping in mind I am not an economist! Armine Yalnizyan, Frances Donald and Brett House are and are good follows.)
First, the media doesn’t get finance. This is NOT an $82B stimulus package. This is a $27B stimulus package, plus about $1B…
Governments should temper their obsession with skills, and build a comprehensive and systemic employment strategy.
Last year I attended a roundtable discussion held by the Federal Government. Around the table were 25 very well researched and knowledgeable people about the future of work and training. Over the course of a two-hour discussion, they made about 20 different recommendations about what the government should do in…
Governments need a new playbook if they want to help protect good jobs in the future.
At Social Capital Partners, we’ve spent the last six months doing a deep dive on the city of Oshawa, and how it’s been affected by the collapse of local automobile manufacturing. Jack Graham captured that work in a four-part series that can be found here. …
