|
A labour-sponsored venture capital corporation (LSVCC), known alternately as labour-sponsored investment fund (LSIF) or simply retail venture capital (RVC), is a fund managed by investment professionals and invested in small to mid-sized Canadian companies. The Canadian federal government and some provincial governments offer tax credits to LSVCC investors to promote the growth of such companies. ==History== The idea behind LSVCCs was first proposed in the Canadian province of Quebec in 1982. The province was in the midst of a recession and the lack of capital in small and mid-sized companies had caused numerous bankruptcies. In response, the Quebec Federation of Labour proposed a "solidarity fund" at a provincial economic summit conference in 1982 to help the province create a locally-controlled healthy and sustainable economy. The intention was to lure venture capital to smaller Quebec firms. This new type of fund slowly began to spread across the rest of Canada during the 1980s. But it wasn't until the late 1990s that LSVCCs became truly noteworthy outside Quebec, thanks in equal part to generous tax breaks from federal and provincial governments and attractive returns to investors. So far in the 2000s, returns have been less impressive, due in part to the bursting of the technology bubble. Returns for LSVCCs have generally been stagnant. Speculation about the reasons for low returns point to risky ventures, inexperienced fund managers, lack of requirement to generate positive returns to be competitive, and government intervention.〔http://www.moneysense.ca/magazine-archive/everyones-guide-to-tax-shelters〕 Labour-sponsored venture capital corporations, as the name suggests, must be "sponsored" by a labour unions. This sponsor is able to appoint members to the fund's board of directors (but not the investee's board of directors. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Labour-sponsored venture capital corporation」の詳細全文を読む スポンサード リンク
|