Richmond, Virginia

The 32nd in our continuing series of Community Wealth Cities is Richmond, Virginia. Richmond has a complex history; once the capital of the Confederacy, it was also the first city to host a bank chartered by African- Americans. Its unique legacy as a site of both racial tension and progress creates interesting challenges and opportunities for community wealth building. Last fall, Richmond gained national attention for Mayor Dwight Jones’ anti-poverty plan, which calls for broad expansion of community wealth building and social enterprise activity.
Aaron Bartley, "The Rise of the Anchor Institution: Setting Standards for Success," The Huffington Post, January 14, 2014.

Push Buffalo's Aaron Bartley examines metrics and strategies to leverage anchor institution resources for community economic development, including the Democracy Collaborative's Anchor Dashboard. 

*NEW* Dean Paton, "Poverty Is Not Inevitable: What We Can Do Now to Turn Things Around," Yes! Magazine, 2014.

In the "End of Poverty" issue of Yes! Magazine, Dean Paton explores the policy choices that have led to record inequality and growing poverty, and examines proposals by Democracy Collaborative co-founder Gar Alperovitz, who "not only lays out an array of alternatives already keeping people from poverty, but solutions we also can build upon to create strategies that, over time, might replace corporate capitalism."

Stephanie Durden et al., WORKING AND REBUILDING TOGETHER: Worker Cooperatives as an Economic Development Tool, Woodrow Wilson School’s Graduate Policy Workshop, January 2013.
Sarah Sexton, "Limited Liability Companies as Worker Cooperatives," Insight Center for Community Economic Development, October 26, 2009.
Rachael A. Turner, Worker Owned Cooperatives and the Ecosystems that Support Them , June 2013.
Erik Olsen, "The Relative Survival of Worker Cooperatives and Barriers to Their Creation," Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Vol. 13, December 2013.
*NEW* Center for Transit-Oriented Development, Creating Connected Communities : A Guidebook for Improving Transportation Connections for Low-and Moderate-Income Households in Small and Mid-Sized Cities, Washington, D.C.: U.S. Department of Housing and Urban Development , April 2014.

Featured publication

  • Worker Cooperatives: Pathways to Scale

    May 20th, 2014 -- john
    Hilary Abell

    Public interest in cooperatives has surged since the global financial crisis, as people cry out for an alternative to business-as-usual. In spite of their many benefits for individuals, businesses, and society, however, cooperatives are not well understood in the United States. The field of worker co-op development is just beginning to create the infrastructure and knowledge base needed to increase its scale and impact.

What is Community Wealth?

How do you build community wealth? Here's some of the basic principles of a successful approach:

Community Wealth Cities

C-W City: Cincinnati, Ohio

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

C-W Interview: Ai-jen Poo

Ai-jen Poo has been organizing immigrant women workers since 1996. In 2000 she co-founded Domestic Workers United, the New York organization that spearheaded the successful passage of the state’s historic Domestic Workers Bill of Rights in 2010. In 2007, DWU helped organize the first national domestic workers convening, where the National Domestic Workers Alliance (NDWA) was formed. Ai-jen has served as Director of NDWA since 2009 and works on elevating women of color and domestic workers rights issues at a national level.


Featured from the toolbox

  • Community Capital

    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.

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