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Business Ownership For The 99%: How To Finance It

Anne Field
Forbes

One goal for a lot of social entrepreneurs is for business ownership to be held by as many people as possible.

But that’s tricky for many reasons. Take the matter of financing. Funding inclusive models, as they’re called,  is different from financing  the usual suspects, that is, companies owned by the few that aim to maximize financial returns only.

“It’s not necessarily harder, but it seems harder, because it’s different,” says Majorie Kelly, executive vice president and senior fellow at The Democracy Collaborative. In other words, funders need a greater comfort level with these models before they dole out the money.

With that in mind, Democracy Collaborative recently published a report examining a variety of ownership models and ways to finance them. Here’s a look at a few, along with some innovative financing approaches...

A Powerful, Under-Used Tool for Addressing the Roots of Inequality: Inclusive Ownership

Marjorie Kelly
Stanford Social Innovation Review

In this blog for the Stanford Social Innovation Review, our Executive Vice President and Senior Fellow Marjorie Kelly delves into some of the groundbreaking models for inclusive ownership that are increasingly making an impact on the lives of workers and community members. Kelly offers these strategies as concrete and evolving ways to help equitably distribute wealth in the US and beyond, creating a sustainable and fair economic system:

Building the Inclusive City

Marjorie Kelly
Stanford Social Innovation Review

The Stanford Social Innovation Review features our new report, Cities Building Community Wealth, emphasizing that the innovative collaborative approaches to economic development highlighted by author Marjorie Kelly are truly seeing results.

7 Paths to Development That Bring Neighborhoods Wealth, Not Gentrification

Marjorie Kelly and Sarah McKinley
Yes! Magazine

YES! Magazine talks to Marjorie Kelly about the seven drivers cities can use to develop economies that build community wealth detailed in our report, Cities Building Community Wealth

More Cities Get Serious About Community Wealth-Building

Anne Field

Following the release of our report, Cities Building Community Wealth, journalist Anne Fields emphasizes the growing need for local governments to pass policies that benefit communities. Field draws examples from Marjorie Kelly and Sarah McKinley (co-authors of the report) that discuss the 20 cities highlighted in the report.

Taking the Bureaucratic-Speak Out of Community Wealth Building

Oscar Perry Abello
Next City

Next City reporter Oscar Perry Abello highlights the innovation inherent in the Democracy Collaborative report, Cities Building Community Wealth. Abello describes authors Marjorie Kelly and Sarah McKinley as important voices in exposing the Community Wealth Building movement, "a movement that has been brewing beneath the radar for at least 40 years."

Communities Building Their Own Economies

Steve Dubb
Stanford Social Innovation Review

Steve Dubb writes for the Stanford Social Innovation Review on the importance of having access to tools that educate and empower low-income communities to shape their economic future.

Empowering communities to take control of economic development is slow, patient work—and people funding or supporting it need to take this into account when assessing success. Long-term, place-based commitments are critical; parachuting in and out does little to build local capacity. And the metrics we use need to take into account the often intangible relationship-building that weaves together a truly empowered community; shortcuts and quick fixes can cause real damage.

How Communities Can Build Wealth by Knocking on Doors

Oscar Perry Abello
Next City

In Next City, Oscar Perry Abello looks at how our new report Educate and Empower highlights key strategies for building stronger community wealth building initiatives.

“People know that there are door-knocking campaigns and community organizers do it all the time, but have they thought of this consciously as a tool for economic development,” explains Keane Bhatt, senior associate for policy and strategy at the Democracy Collaborative, based in Takoma Park, Maryland. Bhatt is co-author of Educate and Empower: Tools for Building Community Wealth, a report released today that features profiles of 11 organizations includingPUSH Buffalo.

“What we’ve done is go around to 11 different community-wealth building institutions to try to seek out from a broad diversity of initiatives some kind of underlying themes that are crosscutting in nature,” Bhatt says...

Read the rest at Next City

 

Mayor Brown Announces Task Force Members For Economic Development Initiative in Northwest Jacksonville

City of Jacksonville
City of Jacksonville

Goal is to Create Jobs with Innovative, Community-Based Economic Development

Mayor Alvin Brown today announced the members of a newly-formed task force to guide a Community Wealth Building Initiative that will focus on new strategies to create jobs and business opportunities in Northwest Jacksonville.

It’s Time for a Public Option in the Pharmaceutical Industry

Dana Brown and Thomas Hanna
In These Times

Dana Brown, Thomas M. Hanna of the Democracy Collaborative write for In These Times on "It’s Time for a Public Option in the Pharmaceutical Industry." In this op-ed, Brown and Hanna, highlight TDC work in public ownerhsip and the need for "drugs for the public good:

Before Big Pharma Kills Us, Maybe Public Pharma Can Save Us

Dana Brown
The American Prospect

Dana Brown deputy director of the Next System Project writes for The American Prospect: "Before Big Pharma Kills Us, Maybe Public Pharma Can Save Us." In this article, Brown writes about the need for public funded medical research:
 

The government just made it easier for workers to own a piece of their employer

Lydia DePillis
CNN

Lydia DePillis writes for CNN Money about "The government just made it easier for workers to own a piece of their employer." DePillis writes about The Democracy Collaborative project Fifty By Fifty:

In Depth: Hospitals tackling social determinants are setting the course for the industry

Steven Ross Johnson
Modern Healthcare

Steven Johnson writes for Modern Healthcare on "In Depth: Hospitals tackling social determinants are setting the course for the industry." In this article, Johnson writes about the Democracy Collaborative anchor work. 

Workplace Solidarity in the Equitable Economy

Jane Paul
Dollar and Sense

Jane Paul, writes in Dollars and Sense, about "Workplace Solidarity in the Equitable Economy." In this article, Paul quotes The Democracy Collaborative communication director John Duda on a cooperative support system: 

From Breweries to Factory Floors, Worker Coops are Blooming

Randy Mueller
Locavesting

Randy Mueller writes in Locavesting "From Breweries to Factory Floors, Worker Coops are Blooming." In this article, Mueller quotes Communication Director John Duda: 

Is Nationalization An Answer to Climate Change?

Kate Aronoff
The Intercept

Kate Aronoff writes for the Intercept on "Is Nationalization An Answer to Climate Change?" In this article, Aronoff cites research by the Next System Project: 

Why are councils investing in the fracking industry they oppose?

Mathew Brown
The Guardian

Mathew Brown writes for the Gaurdian in "Why are councils investing in the fracking industry they oppose?" In this article, Mathew Brown writes about the pension funds investing:

In Scotland, Wales and Northern Ireland, fracking has been effectively halted, but councils there still oversee pension funds investing heavily in fracking companies.

In Lancashire our has county council had its own now infamous battle with then communities secretary Sajid Javid when he overturned the council’s rejection of Cuadrilla’s application to frack at Preston New Road. Two years on Cuadrilla are set to begin drilling – and the government is attempting to ensure that councils lose any oversight of where fracking developments are established.

Read more at The Gaurdian

 

Fossil Fuels Are Next in Line for a Bailout – Here’s How We Respond

Carla Santos Skandier
Truthout

Cala Skandier, of the Democracy Collaborative, writes for Truthout: "Fossil Fuels Are Next in Line for a Bailout – Here’s How We Respond." In this article, Carla Skandier writes about the quantitative easing for the planet: 

That’s when the term “quantitative easing” entered the mainstream vocabulary. By pumping trillions of dollars into the economy, the Federal Reserve was able to buy assets of failing financial institutions, providing them with the parachute for a soft landing and a floor below which the economy would not fall further.

Read more at Truthout