In just twenty business days, New Dawn Community Investment Ltd. has exceeded its campaign target of $1 million to raise $1.5 million for its 2012 CEDIF. This is the seventh year that a New Dawn company has administered a Community Economic Development Investment Fund. Unlike previous years, New Dawn Community Investment has had to close its offering before the end of February.
“This campaign has exceeded all of our expectations,” says Rankin MacSween, Secretary of New Dawn Community Investment Ltd. “We are overwhelmed by, and feel a great deal of gratitude for, the support and enthusiasm shown by the people of this community and their determination to invest in the places where they live and work. Access to capital is a prerequisite for the success of private enterprise in Cape Breton. The CEDIF offered by New Dawn Community Investment this year provides just that.”
New Dawn Community Investment will invest the full $1.5 million in Protocase Inc., a custom electronic enclosure manufacturer established in 2001. According to Steve Lilley, President of Protocase, “this infusion of capital will allow us to complete the development of a second manufacturing cell, necessitated by the steady and ongoing growth of operations over the past number of years.”
“The success of New Dawn Community Investment’s CEDIF campaign this year speaks to an unwavering spirit of self-reliance on this island,” says MacSween. “Knowing that we can, among ourselves, raise and invest the capital needed to grow our economy, is central to moving forward with new ways of thinking about how we govern ourselves and how we ensure our shared future prosperity.”
Over the last six years, New Dawn Holdings Limited has met with incredible success in meeting its ever larger Community Economic Development Investment Fund (CEDIF) targets. This success speaks, in part, to the desire of investors for investment opportunities within their own community; investment opportunities that allow them to keep their capital here and contribute to the growth and vitality of Cape Breton Island.
In 2011, New Dawn Holdings raised almost $2.5 million through its Community Economic Development Investment Fund (CEDIF) – the highest one year CEDIF offering in Nova Scotia history. These funds provided investment capital to New Dawn Enterprises to help it grow its existing companies, launch new businesses and advance its community building initiatives.
New Dawn Community Investments Fund Ltd.
This year, New Dawn announced the establishment of New Dawn Community Investment Limited, a company that allows investors to grow their money while also growing the community in which they live and work. By investing in locally owned private sector businesses, New Dawn Community Investments Ltd. enables the community to collectively raise the capital that businesses need to expand their operations and customer-base, generate new wealth, and create stable well-paying employment opportunities.
2012 CEDIF Investment: Protocase
New Dawn Community Investment Limited has invested funds raised in 2012 in Protocase Incorporated. Founded in 2001 by Steve Lilley and Doug Milburn, Protocase drafts and manufactures custom electronic enclosures for designers and engineers. With a staff of 60 and a turn-around time of two to three days, Protocase has established a growing customer base of 4,000 companies and individuals, including IBM, Hewlett-Packard, Stanford University, Apple, Boeing, GE, Intel, Microsoft and Motorola.
For more information on the 2012 New Dawn Community Investments Fund Ltd., or your investment in this fund, please contact Leonard Murray at [email protected] or 902-539-9560 ext. 240.