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Active Green + Ross (AG+R) is one of Southern Ontario's largest chains of tire and auto care centres. Through over 70 retail locations, AG+R offers customers a complete selection of tires from the world’s premier manufacturers, in addition to general automotive service and repairs including brakes, suspension and front-end repairs, wheel alignment, tire balancing, and lube & oil changes. Since 2006, when SCP first made a loan to a manager at an Active Green + Ross to turn the corporate-owned outlet into a franchise, SCP’s acquisition financing has expanded to six franchisees. In total, they own and operate stores in nine different locations in southern Ontario: Aurora – 14846 Yonge St. The hiring plan at all these locations is for at least half of the employees to be recruited through programs offered by community employment agencies. These franchise locations will provide above-average support systems and human resources management systems to their target employees. Also, in 2007, SCP created a customized employment program and services directory for local Active Green + Ross dealers to source and hire new employees through community based agencies. This tool is a key resource to help AG+R introduce a social hiring & retention program across its entire dealer network of franchised and corporate-owned stores.
Atira Property Management (APM) provides a range of financial, administrative, and physical property management services to residential and commercial property owners throughout the Vancouver area. APM’s list of clients includes strata (condominium) corporations, non-profit housing agencies, and apartment buildings. APM’s social mission is to support its parent organization, the Atira Women’s Resource Society in its mission to help women, and their children, who are experiencing the impact of violence. The property management company supports the Resource Society by donating its profits and by providing quality job opportunities for women who are trying to re-enter the workforce. SCP provided an investment in the form of a loan to help finance
the ongoing growth of the property management company.
Renaissance is a charitable organization whose mission involves the professional and social reintegration of people having difficulties joining the labour market. It accomplishes this mission, in part, by operating a Montreal-based chain of second hand stores called Fripe-Prix. The stores provide affordable clothing and household items to the community while creating employment opportunities for individuals with significant employment barriers. Renaissance is affiliated with Goodwill International. The goods sold at Fripe-Prix are recovered through a home pick-up system. The donations made by the public and businesses consist mainly of clothing but they also receive furniture, books, toys, small electrical appliances, electronic components, and computers. Renaissance presently recovers six million pounds of used goods per year. SCP provided combination of grant and loan financing that allowed Renaissance to launch a new flagship Fripe-Prix store in Montreal. This new store is being used to test innovative pricing, merchandising and marketing strategies with a goal of improving store sales and profitability across the chain. SCP also arranged for Renaissance to receive strategic advice from our partner, The Monitor Group. To see our most recent SROI report for Renaissance, please click here
TurnAround Couriers is a Toronto-based bicycle courier business that opened for business in October 2002. Turnaround exclusively recruits youth-at-risk from shelters and agencies to be both the bicycle couriers and the back office staff. The goal is to create a successful courier company while at the same time enabling youth-at-risk to gain the experience, confidence and financial means necessary to maintain stable housing and eventually enter the job market. In the future, TurnAround also intends to donate some of its profits to charities that work with youth-at-risk in Toronto in order to reinvest in the institutions that are supporting the youth from which its workforce is drawn. SCP provided a combination of equity and debt financing for to fund various fixed and working capital requirements during the startup phase of operations. SCP has also assisted TurnAround in matters of business development and social mission planning. To see our most recent SROI report for TurnAround, please click here
Two Men and a Truck (TMAT) is one of the largest moving companies in the United States with over 173 locations in 27 different states and 1200 trucks on the road. Recently, the company began expanding operations to Canada and is actively granting franchises across Ontario. Social Capital Partners provided loan financing to a franchisee with the TMAT license in Burlington Ontario. Our loan will help finance working capital requirements in the early stages of franchise growth. The hiring plan at this location is for over half of new employees to be members of a mutually agreed upon target population of economically or socially disadvantaged persons. This franchise provides above average support systems and human resources management systems to its target employees.
Past Investments ICR is a joint venture between five community organizations that are committed to inner city renewal through housing improvements and job creation. ICR’s joint venture partners are: North End Housing Project (NEHP), Winnipeg Partners in Housing (WPH), Spence Neighbourhood Association (SNA), West Broadway Development Corporation (WBDC) and Community Ownership Solutions (COS). The vision of these partners is to transition ICR to an employee ownership structure once the company has reached profitability. SCP provided investments in the form of grants and loans, all of which were matched by our local partner, Community Ownership Solutions. SCP also provided extensive support in the areas of strategy, finance and social mission development. SCP is pleased with ICR’s achievement, and continues its support and involvement on the board of ICR, but no longer has an active investment in the company. We believe ICR has reached a stage where other funding sources are more appropriate. To see our last SROI report for ICR, please click here Cook Studio Cook Studio ceased operations in 2006. Although the company has
closed, it leaves a lasting legacy through the many employees and
trainees whose lives it helped to change for the better. Pivotal Services SCP’s investment enabled Pivotal to develop its management team, access new business and improve its social mission. SCP also arranged for Pivotal to receive strategic advice from our partner, The Monitor Group. SCP is no longer involved in the financing or governance of Pivotal, but the SCP team continues to be a strategic resource and sounding board for the management team. Seed capital
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