Car sharing is an industry on the rise — and it’s no different here in Winnipeg. Peg City Car Co-op is Winnipeg’s first and only car sharing service, and since launching in 2011 they have grown at a steady pace. By the end of 2013, the co-op had doubled its fleet (they now have 9 cars) and recruited their 250th member!
Peg City wants to continue to build on that expansion, and is once again offering the public the chance to purchase investment shares of $100 each. Last year, Peg City raised $66,800, and is hoping to do it again.
Why should you invest?
Peg City investment shares are a way to invest in your local economy, and thanks to the Province of Manitoba’s Community Economic Development (CED) Tax Credit Program, your investment is eligible for a 30% tax credit. Different than a donation, this is an opportunity to do something good for your community while getting something good in return.
There are many reasons to consider making an investment in Peg City Car Co-op — here are just a few of them:
- You want to support the growth of a local, co-operatively owned enterprise.
- You would love to try car sharing, but we currently don’t have any vehicles in your neighbourhood.
- You want to take advantage of the 30% tax credit on your investment.
- You believe in the environmental benefits of car sharing.
- You like the idea of car sharing, and want to see it succeed, but it currently doesn’t fit your lifestyle*.
*This last one used to be me. Although I have worked with the co-op since 2010, I only became a member myself this past year. Like many people, I supported the idea, but I just wasn’t sure if it was the right fit for me. Turns out, it was exactly the right fit – the missing piece of my transportation puzzle.
Bike. Walk. Bus. And Sometimes, Drive.
Most members are people who bike, walk or bus for most of their trips. A car is simply just not needed … most of the time. For me, those times are so infrequent that it is hard to justify the costs associated with vehicle ownership for a couple of trips to the grocery store.
To learn more about investing or becoming a member, visit www.pegcitycarcoop.ca