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.

NCEO Employee Ownership Conference

April 21st, 2015 to April 23rd, 2015
Denver, CO

The National Center for Employee Ownership's (NCEO) annual conference will feature presentations and lectures from experts and leaders of successful employee-owned companies. The conference is designed for individuals interested or involved in equity sharing as an effective business strategy, including company presidents, employee-owners, CEOs, executives, directors, managers, investors, and professional service providers.  Read more about NCEO Employee Ownership Conference...

2nd Annual NYC Worker Cooperative Conference

May 2nd, 2015
Queens, NY

Organized by the New York City Network of Worker Cooperatives and CUNY Law School's Community & Economic Development Clinic, the conference will focus on "Workplace Democracy Across the Professions." The conference will feature panels, group sessions, and presentations on workplace democracy, worker cooperative business, and the future of economic democracy in New York City. 

Read more about 2nd Annual NYC Worker Cooperative Conference...

2015 Just Giving Conference

April 8th, 2015 to April 10th, 2015
Baltimore, MD

Sponsored by the Engaged Donors for Global Equity Funders Alliance (EDGE Funders), the 2015 Just Giving Conference is centered around the theme Better, Not More. Programming will focus on how to facilitate the transition to a more just economic system, and the role that philanthropy can play in these efforts.  Read more about 2015 Just Giving Conference...

*NEW* Steve Dubb, Building Community Wealth: Tools for Changing the Economic Game, January 30, 2015.

Presentation given by Research Director Steve Dubb for a panel entitled "Deal Makers and Game Changers: Being Responsive to a Market for Equitable Development" at the 14th Annual New Partners for Smart Growth Conference. 

Advancing Economic Success: Community Foundations Building Family, Community and Regional Prosperity

March 16th, 2015 to March 17th, 2015
Washington, DC

This two-day peer-exchange workshop will provide an opportunity for community foundation leaders (staff, board, and volunteers) to more deeply explore and share how they are addressing critical community issues and working to advance regional development in ways that build wealth for all.  Read more about Advancing Economic Success: Community Foundations Building Family, Community and Regional Prosperity...

February 2015

Thomas Hanna, Scaling Up the Cooperative Movement, Grassroots Economic Organizing, 2014.

How can we scale up the cooperative movement without losing our cooperative values?  That is the question contributors seek to answer in this collection of essays.  Contributors include Hilary Abell, Michael Johnson, Joe Guinan and Caitlin Quigley, along with contributing editors Thomas Hanna, Andrew McLeod and Len Krimerman.

*NEW* Steve Dubb, Building Community Wealth: Tools for Changing the Economic Game, January 30, 2015.

Presentation given by Research Director Steve Dubb for a panel entitled "Deal Makers and Game Changers: Being Responsive to a Market for Equitable Development" at the 14th Annual New Partners for Smart Growth Conference. 

Report on US Sustainable, Responsible and Impact Investing Trends, Washington, DC: The Forum for Sustainable and Responsible Investment, 2014.

The Forum for Sustainable and Responsible Investment released its tenth biannual report on what it labels the “sustainable, responsible and impact investing sector.” The report identified place-based investing, largely by public funds directing investment into their city or state, “as a new trend, accounting for nearly $90 billion in assets.” Additionally, the use of environmental, social and governance criteria by institutional investors, once a small market niche, now covers over $4 trillion in market assets, representing a four-fold increase from 2012 to 2014 alone.

*NEW* Lawrence Prybil et al., Improving Community Health through Hospital – Public Health Collaboration: Insights and Lessons Learned from Successful Partnerships , Lexington, Kentucky: Commonwealth Center for Governance Studies, Inc., November 2014, 1-105.

A new IRS requirement that tax-exempt hospitals conduct community health needs assessments encourages hospitals to work collaboratively with a wide range of stakeholders. The authors of a recent report, published by the Commonwealth Center for Governance Studies, Inc., argue that this federal mandate presents an opportunity to improve community health and reduce health care expenditures. The report offers several case studies of effective and sustainable partnerships in California, Minnesota, Maryland, Florida, and elsewhere throughout the country. 

*NEW* Kim Zeuli, Lena Ferguson and Austin Nijhuis, Creating an Anchored Local Economy in Newark: Recommendations for Implementing a Comprehensive Local Procurement Strategy , Roxbury, MA: Initiative for a Competitive Inner City, December 2014, 1-16.

This new report from the Initiative for a Competitive Inner City (ICIC) identifies an opportunity for Newark anchor institutions to shift over $425 million of procurement toward local purchasing. In addition to targeting local procurement strategies in high expenditure areas, authors Kim Zeuli, Lena Ferguson, and Austin Nijhuis also suggest that anchors target local procurement contract opportunities so as to build the capacity of small firms to scale up for future contracts, as demonstrated by the Chicago Anchors for a Strong Economy (CASE) initiative

Report on US Sustainable, Responsible and Impact Investing Trends, Washington, DC: The Forum for Sustainable and Responsible Investment, 2014.

The Forum for Sustainable and Responsible Investment released its tenth biannual report on what it labels the “sustainable, responsible and impact investing sector.” The report identified place-based investing, largely by public funds directing investment into their city or state, “as a new trend, accounting for nearly $90 billion in assets.” Additionally, the use of environmental, social and governance criteria by institutional investors, once a small market niche, now covers over $4 trillion in market assets, representing a four-fold increase from 2012 to 2014 alone.

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Featured publication

  • A New Anchor Mission for a New Century: Community foundations deploying all resources to build community wealth

    October 30th, 2014 -- john
    Marjorie Kelly and Violeta Duncan

    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.

Featured media

What is Community Wealth?

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

Community Wealth Cities

Milwaukee, Wisconsin

Located on the southwestern shore of Lake Michigan, Milwaukee was incorporated in 1846. German immigrants, who came to Wisconsin in search of inexpensive farmland, fueled the city’s early growth. Over the following decades, Milwaukee attracted large groups of other immigrants, including Poles, Lithuanians, Italian, Irish, French, Russian, Bohemian, and Swedish. By 1910, Milwaukee ranked first in the nation, alongside New York City, for having the largest percentage of foreign-born residents. Read more about Milwaukee, Wisconsin...

Community Wealth Interviews

Ed Whitfield

Originally from Little Rock, Arkansas, Ed’s political activism started with attending Little Rock Central High School and beginning to do anti-war work as a teenager. Ed has lived in Greensboro, North Carolina since 1970. In 2007, with Marnie Thompson, he helped co-found the Fund for Democratic Communities (F4DC), a private foundation that aims to promote economic democracy and cooperative economics in the U.S. South. F4DC has pledged to spend down its endowment by 2020. Among its leading efforts are launching the Southern Grassroots Economies Project and supporting the development of the Renaissance Community Co-op in a food desert neighborhood in Greensboro. Ed also participates on numerous boards, including the New Economy Coalition and the Highlander Research and Education Center.

Spotlight

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.

    Read more...
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