The kinds of new financial institutions the report calls for are key components of any broad community wealth building strategy. It mentions a few examples, including the Evergreen Cooperative Development Fund, which we helped establish alongside the Cleveland Foundation in order to finance the growing network of worker owned green businesses that make up the Evergreen Cooperatives. For a more comprehensive examination of existing models and best practices for building a community-oriented financial system, check out our collection of resources on Community Development Financial Institutions (CDFIs) and on state and local investment strategies Another relevant resource is the Public Banking Institute site, which tracks the growing movement to replicate successful projects like the Bank of North Dakota.
Posted by
John Duda on 07/20/2011 at 08:20 AM
