Gloves Off How Do We Not Go Broke?
Jul 8, 2025
Zita Cobb, founder of Shorefast and the Fogo Island Inn, champions local economies through innovative community initiatives. Jon Shell, Chair of Social Capital Partners, discusses the need for Canada to rethink its economic alliances. They explore the challenges posed by U.S. tariffs and how Canada can adapt to build resilience. The conversation highlights the importance of grassroots efforts and forming coalitions with like-minded countries to ensure economic security, promoting independence from superpower dependencies.
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The Impacted Canadian Toy Company
- Jane's popular toy foam mats with familiar cartoon characters have been a top seller for 15 years.
- Orders were disrupted by tariffs; millions in stock remain stuck in containers with buyers canceling orders.
Canada's Economy Stuck Like Jane's Toys
- Canada's economy, like Jane's toy business, is stuck and uncertain with trade disruptions.
- The tariff war with the US reveals the vulnerability of integration with a much larger economy.
Start Economic Development Locally
- Build the economy from the ground up by asking what local communities have, know, and love.
- Use asset-based community development by leveraging local assets, knowledge, and culture.