The Saskatchewan Urban Municipalities Association (SUMA) and the Saskatchewan Community Foundation are proud to announce a new partnership and the launch of the SUMAInvest program. The SUMAInvest program offers Saskatchewan municipalities the opportunity to pool reserves in a diversified investment portfolio to strengthen the financial capacity of our communities.

SUMAInvest harnesses the power of the Saskatchewan Community Foundation's professionally managed investment portfolio of over $125 million. Municipal reserves can benefit from the Community Foundation's structure like having access to different asset classes, and work towards putting more dollars back into local communities.

"By benefiting from better financial management of reserves that supports long-term community planning, SUMAInvest empowers urban municipalities to leverage strategic investments, grow their wealth, and significantly enhance community infrastructure," said SUMA's CEO, Jean-Marc Nadeau. "This approach can lead to the development of more roads, rinks, parks, and other essential amenities. Through a well-structured municipal investment program, our municipalities can foster sustainable growth, improve quality of life, and create vibrant, interconnected communities that thrive on the power of strategic foresight and resource allocation."

Former Mayor of Humboldt Malcolm Eaton encourages municipal leaders to take part. He encourages them to learn about the best practices for governance and financial management. Eaton draws on his own experience as a member of council and his work with municipalities. He recognizes the importance of effective reserve management to help stretch municipal dollars.

Eaton states, "The aspirations we all have for the future of our communities must be based on financial plans that support our long-term goals and vision. SUMAInvest provides a vehicle to help councils make financial planning decisions that can have a real impact."

For more information regarding the SUMAInvest progam visit www.sumainvest.ca today.