This month’s developments include:
- We release the public summary of our latest report, Healthcare Small Business Gap Analysis
- We announce the establishment of Anchors for Resilient Communities (ARC), a partnership with Health Care Without Harm and Emerald Cities Collaborative.
- The Next System Project is featured in The Nation, YES! Magazine and Orion Magazine. Articles in Grist and Next City highlight The Democracy Collaborative’s work in Cleveland, Baltimore, and Rochester. The cities of Philadelphia, Toronto and Preston, England launch anchor-based community wealth building strategies.
- New C-W City: Indianapolis, Indiana
- Recommended reads: Beyond Business as Usual: Putting Cooperation to Work in Austin, TX, Cooperation Texas; Our Kind of Town: A Financial Plan that Puts Chicago’s Communities First, The ReFund America Project, Roosevelt Institute; Successful Cooperative Ownership Transitions: Case Studies on the Conversion of Privately Held Businesses to Worker Cooperatives, Democracy at Work Institute and the University of Wisconsin Center for Cooperatives; Exploring Economic and Health Impacts of Local Food Procurement, Illinois Public Health Institute and the Crossroads Resource Center.
- Featured websites: Economics for Equity & Environment; Build Healthy Places Network
In this year’s review of some of the newest worker-owners on the block, we highlight 16 fresh cooperatives—some were founded and others were converted to worker-ownership in 2014. If you find some of these businesses are local to you, we encourage you to support and welcome your new worker-owned neighbors. Read more about Worker-Owned Companies Class of 2014...
REDF provides funding, business connections, and operational expertise to help develop social enterprises that employ those who face the greater barriers to employment. Since 1997, REDF has supported 50 social enterprises that have helped 9,500 people in California and generated millions of dollars for local communities. By 2015, REDF expects to help 2,500 more Californian join the workforce. To increase connections and learning among social enterprises, REDF launched the Social Enterprise for Jobs (SE4Jobs) Working Group in 2010, which now includes 300 social enterprise leaders and operators, consultants and support providers, employers, investors, and workforce partners.
In her report for the Democracy Collaborative, Worker Cooperatives: Pathways to Scale, Project Equity's Hilary Abell identified the conversion of successful existing businesses to democratic ownership as a key strategic path to a larger worker cooperative sector in the United States. Now, her colleague and Project Equity co-founder Alison Lingane, together with Shannon Rieger, provides a powerful collection of case studies aimed at helping owners, employees, and practitioners navigate the practical issues around worker cooperative conversions.
- The Cleveland Model brings community economic development and the purchasing power of anchor institutions like hospitals and universities together into a single coordinated strategy to build democratized wealth and cooperative business ownership in low-income neighborhoods.
What is Community Wealth?
How do you build community wealth? Here's some of the basic principles of a successful approach:
Community Wealth Cities
The largest city in Indiana, and the 12th largest in the nation, Indianapolis has a population of nearly 843,400, according to 2013 U.S. Census estimates. Demographically, the population is roughly 62 percent white, 27 percent African American, 9 percent Latino, and 2 percent Asian. Read more about Indianapolis, Indiana...
Community Wealth Interviews
- This webinar, organized by the Association for Community Health Improvement and the American Hospital Association, outlined opportunities for hospitals to promote health through economic development and community investment. The discussion used the findings of The Anchor Dashboard as a starting point to show how hospitals can broaden their impact on their surrounding communities.
Featured from the toolbox
In this new guide to community investment, the Business Alliance for Local Living Economies (BALLE) identifies finance options and other investment tools to reinvigorate regional economies, create high-quality jobs, and restore the environment. BALLE offers this guide as a resource to help re-shape financial capital flows to support local self-sufficiency and ingenuity.