CEDC Program

What is a CEDC? 

CEDC stands for “Community Economic Development Corporations and Cooperatives.” A CEDC is a small business in New Brunswick that raises funds by selling shares (or other eligible securities) to individuals, corporations or trusts within a defined community to create a pool of money. A local group of officers and directors controls the funds and directs them towards development within their communities. 

The Commission and the Department of Finance and Treasury Board offer a joint program for CEDCs that supports economic growth in New Brunswick. The program allows CEDCs to raise capital from New Brunswick investors for economic development within their communities and provides a tax credit to eligible investors of the CEDC. To qualify for the program, a CEDC must be registered under section 14 of the Small Business Investor Tax Credit Act (SBITC Act).