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Peg City Car Co-op has issued $87,500 in investment shares to support their expansion.

“These shares offer a great opportunity for Manitobans who want to invest their money in a local business,” said Liz Dykman, board president.

“Purchasing shares not only allows the car-share to expand, it also allows investors to take advantage of the amazing 45% income tax credit offered by the province.”

This is the third time the co-op is offering shares. An initial offering in 2012 raised $66,500 and grew Peg City’s vehicle fleet from four to nine vehicles. The following year, a second round raised an additional $46,000. To date, 18 cars are shared between 550 members.

Individual investment shares are $100 each and can be purchased in multiples.