One in three Canadians will experience mental illness in their lifetime.
A recent poll found almost 35% of respondents reported moderate-to-severe mental health concerns. Additionally, it is estimated that about 21% of the population in Canada will meet the criteria for addiction in their lifetime. People experiencing mental illness and addiction often face hurdles — like stigma, discrimination, or lack of available services — when it comes to fully participating in the workforce. Ultimately, difficulty finding the resources, education, and support needed to be successful can prevent individuals from starting to look for meaningful employment or maintain a current role. These challenges often represent a barrier to economic inclusion, which can lead to isolation and inhibit meaningful integration and connection with communities. Self-employment has been proven to increase resilience, sustainability, and inclusion.
Rise is the only national charity that provides people with a history of mental health or addiction a path toward sustained self-employment through training, resources, mentorship, and low-interest microloans. Founded by the Rotman Family in 2010, Rise launched programs in B.C. in November 2019, thanks to a $250,000 investment from local mental health advocate and philanthropist, Dave Richardson. Through training, microfinancing and other custom supports, Rise aims to help individuals develop the skills and access the capital they need to build small businesses that can create meaningful employment and improve quality of life. Through the pandemic, financial concerns remained top of mind for Canadians. In the past 18 months, demand for the Rise Small Business Lending Program in B.C. has more than doubled.
On October 18th, Rise will gather for Rising Together, an event to celebrate three years of impact in B.C., honour Dave Richardson and broaden its local network of supporters to meet growing program demand. As firm believers in the benefits of entrepreneurship for individuals and their communities, Nicola Wealth is proud to support Rise as presenting sponsor for Rising Together.
This material contains the current opinions of the author and such opinions are subject to change without notice. This material is distributed for informational purposes only. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required securities commissions.