Community Wealth Blog
At the Democracy Collaborative, we’re interested in finding ways to build community wealth at scale — that is, in finding ways to anchor capital, democratise ownership, and stabilise local economies to really make a difference in the lives of low-income communities that find themselves marginalised by the current paradigm of economic development.
We are pleased to announce that we are looking for candidates for our Junior Fellowship position that focuses on the Community-Wealth.org newsletter, maintaining web content, and assisting with research. For further details, please see the position description below. Deadline for applications extended to October 9th!
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.
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.
Our infographic explains how the Cleveland Model functions and how it includes the entire community to keep wealth local.
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.
Our infographic highlights the benefits and impact of cooperatives.
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.
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.
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 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.