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CONTRACT/RFP

Help Ontario’s local food entrepreneurs achieve their dreams!

Seeking: Organizational partner or consultant 
Organization:
 Fair Finance Fund
Location: anywhere in Ontario


Fair Finance Fund 
Investment Specialist 
Request for Proposal

1. Summary and Background

The Local Food and Farm Co-ops is currently accepting proposals for the Fair Finance Fund Investment Specialist.

Project summary:

The Fair Finance Fund (“Fund”) is a non-profit social finance fund dedicated to providing loans and mentorship services to local food and farm enterprises that value strong local food systems, local economies, and a healthy planet. The Fair Finance Fund has built on seed capital to implement an ongoing investment opportunity for community-minded investors, that is, individuals who want to invest their capital to build local food systems in Ontario to support food that is grown, raised and processed in their own backyards.

The Investment Specialist will be part of the team implementing the Fair Finance Fund, which includes the Project Manager (LFFC) and the Board. Partner organizations and contractors will have communications capacity for outreach, consultations and survey administration as well as internal financial administration. The Investment Specialist can be an organizational partner or a consultant based at LFFC.

Eligibility and guidelines

This RFP is open to organizations or consultants with expertise in project development in Ontario’s food and farming sector, and a network of contacts and partners in their region. Successful proposals will include access to a home or organization office for equipment and office costs.

2. Project Purpose and Description

The mission of the Fair Finance Fund is: to mobilize equitable and accessible capital for Ontario's food and farm enterprises that create social, environmental and economic benefits.

The Fair Finance Fund is a non-profit social finance fund dedicated to providing loans and mentorship services to local food and farm enterprises that value strong local food systems, local economies, and a healthy planet. The Fair Finance Fund builds on seed capital to implement an ongoing investment opportunity for community-minded investors, that is, individuals who want to invest their capital to build local food systems in Ontario to support food that is grown, raised and processed in their own backyards.

By fulfilling the mission, the Fund:

  • Strengthens and expands regional local food systems across Ontario
  • Creates equitable access to capital for social enterprises in Ontario’s food system
  • Supports food and farm enterprises offering social, environmental and community benefits
  • Improves rural economies through job creation and circulating money in local communities
  • Provides a vehicle for people to invest in their beliefs

The Fund is an incorporated non-profit corporation governed by a Board of Directors, with a Loan Review Committee, management by the partners and Fair Finance Fund staff, and a pool of advisors to support loan recipients to achieve success in their social enterprise.

The Investment Specialist will provide input and expertise to develop the loan program, create objective policies and procedure, and support the first group of loan applicants. They will work closely with the Project Manager and the team to aggregate input from Ontario various regions, and ensure that work plan goals are met in across Ontario.

Organization description

The Local Food and Farm Co-operative (LFFC)

Mission: Fostering vibrant, resilient, connected and sustainable food and farm co-operatives

The LFFC is an incorporated non-profit co-operative that provides organizing and development support for food and farming co-operatives in Ontario. LFFC currently provides training and development for over 75 co-ops across the province, including the north. Food and farm co-ops have been instrumental in the rapid development and success of local food and agriculture in Ontario. The member co-ops provide stable markets for hundreds of regional producers and processors, and support an estimated 1000 jobs directly, and thousands more indirectly. LFFC provides training and capacity-building online and in person, and coordinates peer-to-peer support among the member co-ops.

The LFFC network’s membership has grown exponentially over the last few years, an expansion that is representative of the wave of food co-op development sweeping North America. LFFC members represent a range of co-op types, including consumer, multi-stakeholder co-ops, producer and worker co-ops and food and agriculture sectors; retail markets; farm co-ops; online food hubs that aggregate and distribute for customers; co-op food hubs aggregating local food and distributing to regional markets; and other co-op businesses working in regional food. LFFC members focus on local organic, often fresh food. Currently, the LFFC network is the only association explicitly serving local food and farm co-ops in Ontario, and in Canada.

3. Timeline: The contract is for 2019 with the possibility of extension.

4. Deliverables

  1. Participation in project planning
    1. Assessment with team of fund management service proposals
    2. Review of project plans and input
  2. Participation in development and implementation of investment policies and procedures
  3. Key contact for potential investors
    1. Investor presentations (development and implementation)
    2. Investor package development
    3. Investor communications and requests
    4. Identification and outreach to potential investors
  4. Participation in loan review process with team
  5. Support for other fund-raising activities
  6. Administration of investor database

Please note that further outcomes may be requested or some changes may be necessary as the project develops.

5. Project Budget

The remuneration for this contract will be commensurate with experience.

6. Bidder Qualifications

The candidate will have:

  • Ability to work well with others with patience, tolerance and a willingness to consider others’ opinions
  • Ability to work with a supervisor as well as independently
  • Knowledge of financial management practices, the investment sector, business development and lending practices
  • Knowledge of social finance and impact investing
  • Knowledge of the local food and farm sector
  • High level of expertise with spreadsheets
  • Willingness to travel
  • Experience with non-profits and social enterprises
  1. Content of proposal

Submissions should provide the following items as part of their proposal for consideration:

  • A detailed CV
  • A letter of interest with:
    • Description of experience in the local food and farm sector (any and all experience from farm to fork, co-operative business or co-operative service sector experience).
    • Description of experience working with a team and a supervisor
    • Description of experience with social enterprises
    • Description of social finance and investment management experience
    • Examples of other contracts or projects related to the local food and farm sector (specific to financing preferably)
    • List of any other project related experience.
    • Description of general plan of approach to project
    • Contract budget expectations
  • References (three)

7. Proposal Evaluation Criteria

LFFC will evaluate all proposals based on the following criteria. To ensure consideration for this Request for Proposal, your proposal should be complete and include all of the following criteria:

  • Overall proposal suitability: proposed concepts must meet the scope and needs included herein and be presented in a clear and organized manner
  • Organizational experience: proposals will be evaluated on the consultant or organization’s experience as it pertains to the scope of this project
  • Previous work: applicants will be evaluated on examples of their work pertaining to the previously stated experiential requirements of the project.
  • References are necessary with all claims of experience related to this project.

Each proposal must be submitted to info mask localfoodandfarm.coop* by 5:00 pm on December 13, 2018. Please no phone calls. Potential candidates will be notified if an interview is requested by December 20.

When applying, please indicate that you saw this posting at FoodWork.ca.

*Email: The e-mail address above has been masked to prevent spam. Please copy the address or type it manually, add the @ sign, remove “mask” and any spaces.
 

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Note: This posting is provided on an "As Is" basis and for general informational purposes only. People and Planet (also known as "FoodWork") is not responsible for the content, accuracy, timeliness, completeness, legality, reliability, quality or suitability of this posting. We do not screen or endorse the organizations or individuals involved. If you decide to accept an offer of employment, volunteering or any other arrangement, you do so at your own risk and it is your responsibility to take all protective measures to guard against injury, abuse, non-payment or any other loss. Please read our full Terms & Conditions.

Current status: Open/apply now.   Date posted: Dec 3 2018    ID: 49510