C-W.org Blog

Does Richmond Show the Future of Community Wealth Building?

September 10th, 2014 -- sarah
City's anti-poverty program reimagines community economic development

Crossposted from Rooflines: The Shelterforce Blog

Although an important figure in both U.S. and African-American history, Maggie Lena Walker is not a household name—not the way, at least, that her contemporaries such as Brooker T. Washington, Zora Neale Hurston, or WEB Dubois are.

Yet Walker was the first woman (of any race) in the nation to charter a bank, which she did when she opened the St. Luke’s Penny Savings Bank in Richmond, Va., in 1903.

Kentucky City Begins Operating New Municipally-Owned Gas Station

July 24th, 2014 -- violeta
A conservative-leaning city purchases a fuel center in an effort to drive down gas prices for local residents.

Earlier this month, the small city of Somerset, Kentucky drew national attention when it opened a municipally-owned and -operated fuel center in an effort to drive down gas prices for local residents. As a result of its proximity to Lake Cumberland, a popular tourist destination, the city of 11,000 residents has long struggled with high fuel prices—especially during the summer months between Memorial Day and Labor Day. Read more about Kentucky City Begins Operating New Municipally-Owned Gas Station...

How Much Outside Help Do Worker Co-ops Need to Get to Scale?

July 10th, 2014 -- sarah
Confronting the challenge of incubation
Though they end up as owners and decision-makers, workers in low-income communities often don't start off doing all the work of developing and growing a worker-owned cooperative themselves. This is even true for the Mondragón Cooperative Corporation, the world’s single largest worker cooperative network and a leading source of inspiration for efforts to build worker cooperatives to scale in the United States.

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