Community Wealth Blog
Communities across the country are recognizing the tremendous resources nonprofit anchor institutions (like hospitals and universities) can provide as engines of inclusive and equitable economic development. Increasingly, cities – including Mayors – are launching comprehensive and coordinated strategies to leverage their local anchors to address otherwise potentially intractable problems of unemployment and disinvestment.
Clandestine Corporate Subsidies Undermine Community Participation in Local Economic Development
Last week, the Nevada legislature approved $1.25 billion in tax breaks for Tesla Motors to establish a lithium battery "Gigafatory” for electric cars. Optimists like Nevada Governor Brian Sandoval believe that the facility will create 22,000 new jobs, while others, including urban theorist Richard Florida, caution that such expectations are idealistic at best, contending that the factory will create not more than 10,000 jobs.
Infographic: The Cleveland Model
Our infographic explains how the Cleveland Model functions and how it includes the entire community to keep wealth local.
Does Richmond Show the Future of Community Wealth Building?
Although an important figure in both U.S. and African-American history, Maggie Lena Walker is not a household name—not the way, at least, that her contemporaries such as Brooker T. Washington, Zora Neale Hurston, or WEB Dubois are.
Worker Co-ops Gain Foothold in Cuba
At the end of 2012, the Cuban government approved a law that permitted for the first time the formation of non-agricultural co-ops. Passed at the end of the United Nations-designated International Year of Cooperatives, the new Cuban legislation permitted, as the New York Times reported at the time, “workers to collectively open new businesses or take over existing state-run businesses in construction, transportation and other industries.” As of July 2014, 257 new co-op businesses have launched as a result of this legislation.
The Benefits and Impact of Cooperatives
Our infographic highlights the benefits and impact of cooperatives.
Kentucky City Begins Operating New Municipally-Owned Gas Station
Earlier this month, the small city of Somerset, Kentucky drew national attention when it opened a municipally-owned and -operated fuel center in an effort to drive down gas prices for local residents. As a result of its proximity to Lake Cumberland, a popular tourist destination, the city of 11,000 residents has long struggled with high fuel prices—especially during the summer months between Memorial Day and Labor Day.
The Real News Network Interviews Hilary Abell and Kali Akuno on Scaling Worker Cooperatives
Hilary Abell, author of our new report Worker Cooperatives: Pathways to Scale, and Kali Akuno of The Malcolm X Grassroots Movement, discuss ways in which cooperative development can support social justice and economic security.
How Much Outside Help Do Worker Co-ops Need to Get to Scale?
Though they end up as owners and decision-makers, workers in low-income communities often don't start off doing all the work of developing and growing a worker-owned cooperative themselves. This is even true for the Mondragón Cooperative Corporation, the world’s single largest worker cooperative network and a leading source of inspiration for efforts to build worker cooperatives to scale in the United States.
Indian Country the Site of New Developments in Community Wealth Building
Indian Country is the site of some exciting new work taking shape in social enterprise and employee ownership. Five Native American projects are being developed as part of an initiative managed by The Democracy Collaborative and funded by the Northwest Area Foundation, known as the Learning/Action Lab for Community Wealth Building.
Worker Cooperatives Address Low-Wage Work and the Feminization of Poverty
Seattle‘s minimum wage ordinance is one step toward lessening inequality and poverty compounded by low-wage work. But there are still many challenges ahead. Cooperative development is one tool in the community wealth building strategy toolbox that can help lift low-wage workers, and especially women, out of poverty.
City governments building community wealth and cooperative local economies
The past few weeks have seen a flurry of impressive activity at the level of city government, all around policies designed to build community wealth and encourage the growth of cooperative local economies. It's encouraging to see that the work of grassroots developers, local foundations, community activists, and field builders (like ourselves here at the Democracy Collaborative) is beginning to gain a foothold in the world of municipal policy.