$289,000 (over 2 years as per completed capital request)

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1 Agency Name and Contact Information Implementation Year 2015 PILLAR NONPROFIT NETWORK Pillar Nonprofit Network Michelle Baldwin, Executive Director 251 Dundas Street, London N6A 6H9 Proposed Funded Activity Objective Description Social Innovation Shared Space This request is to support start-up costs associated with the new Social Innovation Shared Space and to provide enhanced services and supports to nonprofits and social enterprises to foster Social Innovation in London. The funding will help support operations leading up to, during and after the opening of the Social Innovation Shared Space and contribute to programming designed to engage Londoners in the efforts of the Social Innovation Shared Space to spark social innovation and change for the better. Budget Implications Operating Budget: One time only Year 2015 Total Budget Request Ongoing annual $100, $100, $100, $80, $60,000 Capital Budget: One time only Future years $289,000 (over 2 years as per completed capital request) Please attach a copy of your detailed budget submission supporting your funding request above. Detail expenditures separately: City of London funding request versus other revenue sources (provide any additional information supporting your request below). It should be noted that the projected 2015 funding request is critical to the successful opening of the facility in During this time, there will be significant effort devoted to securing tenants in advance of the opening, program planning and special events/activities leading up to the opening dedicated to promoting engagement by the nonprofit, private and public sectors in this important initiative. Identify the additional dollars the City of London funding will leverage in the community? As reflected in our business plan and financial projections, this project will be leveraging a number of innovative funding opportunities comprising a blend of philanthropic sources, social finance sources, conventional lenders, community bond, social enterprise revenues and granting opportunities. The probability of securing all of these dollars is greatly enhanced by the support and vote of confidence demonstrated by the City of London s participation in this project. Additional dollars include: Social Finance Lenders - $1,200,000 Conventional Mortgage - $2,100,000 Provincial/Federal Grants - $338,000 Philanthropic Support - $700,000 Community Bond - $400,000 Social Enterprise Revenues - $3,953,000 (over 5 years) 1

2 Will the City of London funding as a percentage of the total budget for your organization decline in the future? If yes, please explain. Yes. As reflected in our financial projection, City of London funding will decline from a level of 13% in 2015 to 6% by 2019 as self-generated revenue increases and requested funding from the City decreases. Please describe your sustainability plan for your City of London funding request. As the facility ramps up and tenancy achieves projected targets, City of London of London funding is projected to decrease until it is no longer required by How does this Funding Request Contribute to the City of London Strategic Plan Results? {add link to City of London Strategic Plan document} Identify Result (choose those that Rationale are relevant to your proposed funding activity) 1. A Strong Economy A strategic investment in this community facility will help promote jobs, a growing social enterprise sector and contribute to the financial wellbeing of nonprofit organizations. Will contribute to the City s focus on revitalizing downtown London. Leverage investment, utilizing social finance and investment vehicles. Benefit key sectors such as London s arts and cultural community, environmental sector and improvement of social service programs. Build beneficial partnerships with key private, institutional and community partners, promoting new ways of collaboration. Fuel transformational change, engaging diverse perspectives, fostering creativity, and inspiring social change that will have a lasting impact on London s prosperity. 2. A Vibrant and Diverse Community This space will serve as home to DiverseCity onboard a national project designed to ensure that the governance bodies of public agencies, boards and commissions as well as voluntary organizations reflect the diversity of the people who live and work in our community. As the new home to London Arts Council and London Heritage Council, events, activities and programs will help preserve and celebrate arts, culture and heritage. Build the vibrancy of the downtown including special events Member organizations will support programs and activities that welcome and assist newcomers. Education programs, events and activities will encourage volunteerism and community engagement. 3. A Green and Growing City We have included environmental responsibility as one of the core principles for our new space, working to integrate environmental sustainability into all aspects of our renovation plans and ongoing operations. We are investigating how we can increase the efficiency of our Shared Space and save money, freeing up valuable resources that can be used to support social innovation and contribute to the wellbeing of our community. 2

3 We will use recycled and regional materials in the renovation. We will use LED and compact fluorescent lighting. We will have energy and water-efficient washroom facilities and low-flow water fixtures such as dual-flush toilets. A significant percentage of office furniture and furnishings to be re-used items. Bike racks/storage, limited parking and encourage use of public transit. Exploration of Green roof options designed to minimize storm run-off, reduce urban heat island effect, and contribute to energy savings. We will engage Green custodial services. We will encouragement and support of Green social enterprises. Integrated Green education program for staff, tenants and the public.. 4. A Caring Community At the very heart of the Social Innovation Shared Space is the desire to make our community a better place by putting people and the planet first. Social Innovation is about the creation, development, adoption, and integration of new concepts and practices that meet social needs of all kinds from reduction of poverty and homelessness to promotion of education, community development and health that extend and strengthen civil society. Our space will foster Social Innovations designed to resolve existing social, cultural, economic, and environmental challenges. How will this Funding Request Impact the City of London? How will this initiative add value for the City of London London s Social Innovation Shared Space will bring together nonprofits, social service agencies, social enterprises, social purpose businesses and entrepreneurs. A shared space and incubator will create a place for co-location, co-working, nurturing new ideas and fostering social innovation and positive social change. In addition to significant economic benefits and operational efficiencies through the sharing of resources, we seek to break down silos and promote cross-sector collaboration. As part of our vision, we also aim to attract and retain London s next generation of community leaders. Our goal is to provide London s nonprofits, social enterprises, social entrepreneurs and social purpose businesses with greater stability and sustainability. What is the target population and how is the need identified (describe)? The shared space will offer much-needed and affordable space for agencies, worker cooperatives and businesses providing employment opportunities for marginalized and vulnerable populations. Throughout 2013, significant efforts by many people contributed to identifying the needs of our community for a Social Innovation Shared Space: We hosted three Community Design Jams attended by more than 130 participants, a bus trip to tour similar spaces in Toronto, an online survey and a multitude of phone calls, which provided essential information about occupancy assumptions and design elements. 3

4 How is this initiative unique? Will this increase, decrease or maintain the level of service you are currently providing? What are the Potential Risks of Not Implementing this Initiative? We studied the competitive landscape, including other co-working spaces and innovation centres. We researched several venue opportunities, including many leased spaces and three separate potential buildings to purchase. Throughout 2014, we have continued to further refine our understanding of how best to meet the needs of our community. Based on the engagement and consultation activities described above, this project represents a made-in-london solution, designed to support and strengthen nonprofit, social enterprise and cross-sectoral capacity-building that will contribute to the economic, environmental, cultural and social well-being of our community. As a result of this initiative, Pillar Nonprofit Network s level of service will increase significantly. The risks to our community of not implementing this initiative are significant. Elsewhere around the world, forward-thinking communities are investing in this very kind of social innovation hub. After decades of little or no progress addressing the perennial issues of poverty, hunger, homelessness and, now, the growing concern for our environment, people have come to realize that the old paradigm of government aid and traditional charity are simply inadequate to the challenge. What London needs are creative and innovative solutions for fostering sustainable growth, securing jobs, and increasing competitive abilities, tailored to the specific needs of our community. Not establishing our own social innovation shared space will leave London behind, while other communities begin to find solutions to many of the most important social challenges that have eluded them for years. What are the Risks of Undertaking this Initiative? A detailed risk analysis is included in the attached business plan. How will Success be Measured? Performance Measures/Milestones Targets Occupancy 55%* 55% 89% 89% 89% Number of users/desks Number of events, workshops, labs Number of event participants Number of volunteers Number of volunteer hours 900 5,188 5,850 6,300 6,750 * Occupancy goal for 2015 represents the pre-opening target for this initiative. Additional Information: List any Background of Reference documents (please provide hyperlinks wherever possible): Social Innovation Shared Space Business Plan 4

5 APPLICATION DEADLINE: SEPTEMBER 5, 2014 SUBMIT APPLICATION: application to or mail to the following address: Community Development & Funding Attn: Paula de Freitas 151 Dundas St, Suite 303 London, ON N6A 4L6 City of London Only: Date Received: Program: Service Grouping: Service: 2