Community Wealth Blog
Community land trusts are a key strategy for helping low-income communities build assets through home ownership while mitigating the destructive consequences of irrational, speculation-fueled housing markets. Our new infographic highlights the mechanism behind the community land trust.
Democracy Collaborative Summer Internship Announcement
Over the course of a 12-week period, the Intern will work closely with our Communications Coordinator to conceptualize, script, design, and produce three 2-5 minute animated features which explain and explore aspects of our models for transformative community wealth building.
Rethinking Community Economic Development Beyond “Rent or Own”
Although the notion of building wealth through home ownership has taken a beating in recent years due to the Great Recession, ownership more broadly is still seen as a key factor in building wealth. So says the Greenlining Institute. So finds a recent study authored by Thomas Shapiro and colleagues at Brandeis University’s Institute on Assets and Social Policy.
Chokwe Lumumba, RIP
Chokwe Lumumba, a long-time civil rights activist and the newly elected mayor of Jackson, died yesterday, just weeks before the "Jackson Rising" conference–the launch of an ambitious plan to localize and democratize the city's economy–was scheduled to take place (We understand that the conference will proceed as planned). Our hearts are with the people of Jackson at this tragic moment.
Cleveland as a Model for Anchor/Community Partnerships
Just released by the Cleveland Foundation, the new report Cleveland's Greater University Circle Initiative: Building a 21st Century City through the Power of Anchor Institution Collaboration provides a thorough overview of a long-term partnership among some of the city's key anchor institutions to foster inclusive, place-based community economic development.
Worker-Owned Companies Class of 2013
2013 was a good year to become a worker-owned company. Although just a selection of some of the newest worker-owners on the block, we highlight 17 new and existing businesses that were founded as or transitioned into worker-ownership in 2013. If these businesses are local to you, we encourage you to support and welcome your newly worker-owned neighbors.
Marjorie Kelly Joins the Democracy Collaborative
As we mentioned in our January newsletter, Marjorie Kelly has joined the Democracy Collaborative as a Senior Fellow and Director of Advisory Services. Previously, Marjorie was a Fellow with the Tellus Institute in Boston, where she led a variety of consulting and research projects, including co-founding Corporation 20/20, a five-year initiative that brought together hundreds of leaders from business, finance, civil society, and law to explore how to redesign corporations to integrate social and environmental concerns into their governing DNA.
Illinois Governor's Task Force Moves Forward with Community Wealth Building
In April of 2013, Democracy Collaborative Executive Director Ted Howard was invited by the Governor's Task Force on Social Innovation, Enterpreneurship, and Enterprise to present our recommendations for low-cost, high return policies that could build community wealth across the state of Illinois.
Building a 40-Year Vision for Community Development
With this month marking the 50th anniversary of the “War on Poverty,” we have seen a number of retrospectives. President Obama delivered this statement and the White House’s Council of Economic Advisors offered a 50-page report. Others chiming in include the Center on Budget and Policy Priorities, the Pew Research Center, and the Center for American Progress.
A Look Back at a Busy 2013
It's been an incredible 12 months at the Democracy Collaborative, and we thought we should take the time to collect all the new projects and publications we've worked on in 2013 to advance the field of community wealth building.
Hospitals and Economic Development
Recently, the Hospital Accountability Project (HAP) and the Democracy Collaborative co-hosted a webinar, “Community Benefit and Anchor Institutions: Linkages and Opportunities,” exploring how the Affordable Care Act’s (ACA) community benefit requirements may be opening new doors to work on economic development initiatives that benefit communities. Over the course of this blog series, we will begin to make those connections.
New Directory Maps Community Wealth Building Initiatives across the Country
A wide network of diverse organizations and initiatives, including nonprofit community development corporations, community land trusts that develop and maintain low-income housing, community development financial institutions, and employee- and community-owned cooperatives now dot the landscape, a promising sign of the growing traction of innovative solutions to solve economic challenges in our communities.