From 2004 to 2016, New Dawn administered a Community Economic Development Investment Fund, or CEDIF.
CEDIFs are provincially regulated investment instruments that businesses or communities can use to raise funds to advance their work.
Over the course of twelve years, New Dawn raised more than $13 million for investment in Cape Breton from more than 700 investors.
Collectively, these investors have earned $2.3 million in dividends and benefitted from the provincial tax credit offered to CEDIF investors in the first, fifth, and tenth year of their investment cycle.
To date, approximately $10 million of the $13 million raised has been redeemed to investors with the remaining $3 million to be redeemed in 2022, 2023, and 2024.
From 2004 to 2011, the funds New Dawn raised from local shareholders (investors) were invested in New Dawn-owned projects and companies.
From 2011 to 2016, the funds New Dawn raised from local shareholders (investors) were invested in external companies across Cape Breton.
These companies included:
Protocase: custom-enclosure manufacturer; today employs more than 300; primarily export-market oriented.
Advanced Glazings: manufacturer of Solera Glazing; patented gel inserts for windows with R-20 insulating value.
Big Spruce Brewing: Cape Breton’s first craft beer brewery; located outside of Baddeck, NS. On site tasting room+ sales to NSLC.
Nova Stream: live streaming and videography company. Major clients: Celtic Colours, ECMAs, Destination Cape Breton.
Island Folk Cidery: first Cape Breton Island cidery. Opened in 2020. On site tasting room + sales to NSLC.
Marcato Digital: Cape Breton festival coordination software. Purchased by in 2018.
Pizza Go: local online food and grocery delivery service
Halifax Biomedical: medical technology manufacturer (knee and spine surgery), Mabou, NS
Fireblade Holsteins: Holstein farm with (at time of investment) proposed bio-digester, Mabou NS
Investors with funds still invested in New Dawn CEDIFs can access annual financial statements by inputting the password they have been provided with (via letter mail) on this page. If you are an investor, but have not received a password to access these financial statements, please call John Whalley at 902-539-9560 Ext. 252.