The time is now for community foundations to embrace a new vision that accelerates social progress and rebuilds local wealth. Read more about How Community Foundations Can Accelerate Social Change...
- We join in the celebration of the 25th annual Community Foundation Week with the release of our most recent report, A New Anchor Mission for a New Century: Community Foundations Deploying All Resources to Build Community Wealth.
- Last month, we launched our Anchor Dashboard Learning Cohort, which includes SUNY Buffalo State; Cleveland State University; Drexel University; Rutgers University – Newark; The University of Memphis; and the University of Missouri, St. Louis. Building off the framework from our Anchor Dashboard report, this group of universities will work together to measure their impact in communities, and share results, challenges and successes.
- In the Center for American Progress’ TalkPoverty blog, Executive Director Ted Howard discuss the need for a new federal policy strategy to help cities leverage the economic might of their anchor institutions to benefit communities.
- Journalist Tanvi Misra discusses anchors as a place-based community revitalization strategy in an article in The Atlantic’s CityLab.
- In an openDemocracy article, University of Oxford political theorist Stuart White notes the role that community wealth building can have as a potential solution to widening inequality. Fast Company magazine celebrates Thunder Valley Community Economic Development Corporation, a participant in our Learning/Action Lab for Community Wealth Building from the Pine Ridge Reservation, for its Regenerative Community Plan.
- In a Truthout article, Democracy Collaborative Co-founder Gar Alperovitz argued that in the face of national political stalemate and economic stagnation, local communities can set the foundations for far-reaching wealth-democratizing strategies. In an Al Jazeera article, Gar emphasized the role of broad movements and new economic institutions to reduce greenhouse gas emissions and lessen global warming. Gar explored challenges presented by climate change at the Praxis Institute’s Economics of Sustainability Conference and discussed community wealth building at La Montanita Co-op’s annual meeting in Albuquerque, New Mexico.
- This month we interview José Corona, Executive Director of Inner City Advisors (ICA), a nonprofit technical assistance group that helps build sustainable and responsible businesses that create quality jobs, reinvest in the community, and contribute to building a strong and vibrant local economy.
The Democracy Collaborative, a national research institute developing new strategies to build community wealth and exploring systemic transformations to a more democratic economy, is pleased to announce a one-year paid Junior Fellowship. The selected candidate will work alongside our communications and research teams.
Applications are due by December 5th. The selected candidate should be prepared to start in early January 2015.
FOR IMMEDIATE RELEASE
Takoma Park, MD — November 19th, 2014
The Democracy Collaborative, with the support of the Annie E. Casey Foundation, has convened a group of anchor institution leaders from six universities to explore how to better align their operations to benefit the places they call home. Read more about Press Release: Six Universities Partner with The Democracy Collaborative to Develop and Share Best Practices for Measuring Community Impact...
It was in 2005 that the highly regarded Monitor Institute report declared that the field of community foundations was “On the Brink of New Promise,” and in the decade since, there have been countless working groups and initiatives to introduce innovative approaches to the field. At the same time, largely beneath the radar, a small but growing group has begun pursuing the innovative path we explore here. Mostly in small steps—but sometimes in larger ways—they are adopting elements of what could emerge as a new anchor mission to deploy all resources to build community wealth.
- 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
Incorporated as a city in 1819, Cincinnati grew steadily through the mid-1900s due to its prime location on the Ohio River. In fact, the Queen City—so dubbed by Longfellow, who referred to it as “the Queen of the West”—weathered the Great Depression better than most cities of comparable size because of the resurgence in river trade, which was less expensive than rail. By 1950, Cincinnati had grown to its peak of nearly 504,000 residents, making it the 18th largest city in the country. Read more about C-W City: Cincinnati, Ohio...
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.