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SPACE, COMMUNITY, INNOVATION Turning a Workspace into a Dynamic Community Hub Eli Malinsky, Director of Programs & Partnerships Centre for Social Innovation Social Purpose Real Estate Conference, Vancouver, British Columbia Monday, November 8, 2010 1 2 3 WHAT? HOW? WHY? 1 WHAT? WHAT ARE WE TALKING ABOUT? Coworking • Part-time access to shared space • Usually less formal • Usually not a “social change” lens WE’RE TALKING ABOUT A MOVEMENT 2 How? HOW IS IT BEING DONE? MODEL #1 TENANCY MODEL #2 SOLE OWNERSHIP MODEL #3 CO-OPERATIVE OWNERSHIP MODEL #4 CONDOMINIUM CSI ANNEX STRUCTURING THE DEAL $6.5m PROPERTY & UPGRADES $4.5m MORTGAGE alterna + city loan guarantee $2m FINANCING COMMUNITY BOND investors with vision THE COMMUNITY BOND Anne $10K Anne $10K RRSP Anne $10K RRSP Anne $4K rebate $10K RRSP Anne community bond $4K rebate $10K RRSP Anne 4% return community bond $4K rebate $10K RRSP $4K rebate Anne 4% return community bond better community THAT’S SPACE THAT’S SPACE WHAT ABOUT COMMUNITY? DESIGN FOR COMMUNITY ANIMATE COMMUNITY SUCCESSFUL SHARED SPACES REQUIRE CONSCIENTIOUSNESS AT EVERY TURN 3 Why? WHY DOES IT MATTER? FOCUS ON MISSION 70% “CSI HAS ENABLED ME TO DO MY JOB MORE EFFECTIVELY.” NETWORKING 92% “CSI HAS EXPANDED MY PROFESSIONAL NETWORK.” CREATING NEW IDEAS 86% “CSI HAS ENABLED ME TO EXCHANGE IDEAS WITH OTHER SOCIAL INNOVATORS.” WORKING TOGETHER 85% “I HAVE COLLABORATED WITH AT LEAST ONE OTHER MEMBER.” FINANCIAL SUSTAINABILITY 60% “CSI HAS ENABLED MY ORGANIZATION TO GENERATE MORE REVENUE.” PERSONAL WELL-BEING 76% “WORKING AT CSI HAS MADE ME A HAPPIER PERSON.” THIS ISN’T ABOUT SPACE IT’S ABOUT SOCIAL CHANGE WE ARE FACING EXTRAORDINARY CHALLENGES ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY MARKET TRANSFORMATION WE ARE FACING EXTRAORDINARY CHALLENGES URBAN SPRAWL FOOD SECURITY CLIMATE CHANGE RIGHTS & FREEDOMS SOCIAL ISOLATION WE ARE FACING EXTRAORDINARY CHALLENGES URBAN SPRAWL FOOD SECURITY CLIMATE CHANGE RIGHTS & FREEDOMS SOCIAL ISOLATION WE ARE FACING EXTRAORDINARY CHALLENGES URBAN SPRAWL FOOD SECURITY CLIMATE CHANGE RIGHTS & FREEDOMS SOCIAL ISOLATION WE ARE FACING EXTRAORDINARY CHALLENGES URBAN SPRAWL FOOD SECURITY CLIMATE CHANGE INTERCULTURAL CONFLICT SOCIAL ISOLATION WE ARE FACING EXTRAORDINARY CHALLENGES URBAN SPRAWL FOOD SECURITY CLIMATE CHANGE INTERCULTURAL CONFLICT SOCIAL ISOLATION COMPLEX CHALLENGES REQUIRE COMPLEX RESPONSES SHARED SPACES ARE A REFLECTION OF AND RESPONSE TO OUR TIMES SPACE COMMUNITY SPACE INNOVATION COMMUNITY SPACE WE CREATE THE CONDITIONS FOR SOCIAL CHANGE COLLABORATION ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY MARKET TRANSFORMATION COLLABORATION ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY MARKET TRANSFORMATION COLLABORATION ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY MARKET TRANSFORMATION COLLABORATION ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY MARKET TRANSFORMATION COLLABORATION ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY MARKET TRANSFORMATION COLLABORATION ENTREPRENEURSHIP DIVERSITY OPENNESS CREATIVITY SOLUTIONS WE’RE TALKING ABOUT A MOVEMENT WE’RE TALKING ABOUT A MOVEMENT WHOSE TIME HAS COME THE EXERCISE SPACE, COMMUNITY, INNOVATION THANK YOU! Eli Malinsky, Director of Programs & Partnerships Centre for Social Innovation Social Purpose Real Estate Conference, Vancouver, British Columbia Monday, November 8, 2010
