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Turning a Workspace into a Dynamic Community Hub

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  1. SPACE, COMMUNITY, INNOVATION Turning a Workspace into a Dynamic Community Hub Eli Malinsky, Director of Programs & PartnershipsCentre for Social Innovation Social Purpose Real Estate Conference, Vancouver, British ColumbiaMonday, November 8, 2010

  2. 1 HOW? 2 WHAT? WHY? 3

  3. 1 WHAT?

  4. WHAT ARE WE TALKING ABOUT?

  5. Coworking • Part-time access to shared space • Usually less formal • Usually not a “social change” lens

  6. WE’RE TALKING ABOUT A MOVEMENT

  7. 2 How?

  8. HOW IS IT BEING DONE?

  9. MODEL #1TENANCY

  10. MODEL #2SOLE OWNERSHIP

  11. MODEL #3CO-OPERATIVE OWNERSHIP

  12. MODEL #4CONDOMINIUM

  13. CSI ANNEXSTRUCTURING THE DEAL

  14. $6.5m PROPERTY & UPGRADES$4.5m MORTGAGE alterna + city loan guarantee $2m FINANCING  COMMUNITY BONDinvestors with vision

  15. THE COMMUNITY BOND

  16. Anne

  17. $10K Anne

  18. $10K RRSP Anne

  19. $10K RRSP $4K rebate Anne

  20. $10K RRSP $4K rebate Anne community bond

  21. $10K RRSP $4K rebate Anne 4% return community bond

  22. $10K RRSP $4K rebate Anne 4% return community bond better community

  23. THAT’S SPACE

  24. THAT’S SPACE WHAT ABOUT COMMUNITY?

  25. DESIGN FOR COMMUNITY

  26. ANIMATE COMMUNITY

  27. SUCCESSFUL SHARED SPACES REQUIRE CONSCIENTIOUSNESS AT EVERY TURN

  28. 3 Why?

  29. WHY DOES IT MATTER?

  30. FOCUS ON MISSION

  31. 70%“CSI HAS ENABLED ME TO DO MY JOB MORE EFFECTIVELY.”

  32. NETWORKING

  33. 92%“CSI HAS EXPANDED MYPROFESSIONAL NETWORK.”

  34. CREATING NEW IDEAS

  35. 86%“CSI HAS ENABLED ME TO EXCHANGE IDEAS WITH OTHER SOCIAL INNOVATORS.”

  36. WORKING TOGETHER

  37. 85%“I HAVE COLLABORATED WITH AT LEAST ONE OTHER MEMBER.”

  38. FINANCIAL SUSTAINABILITY

  39. 60%“CSI HAS ENABLED MY ORGANIZATION TO GENERATE MORE REVENUE.”

  40. PERSONAL WELL-BEING