Community Wealth Blog
A new report by Mary Ann Beyster, president and trustee of the Foundation for Enterprise Development (FED), published by the Fifty by Fifty initiative of The Democracy Collaborative, examines the investing landscape for potential opportunities in employee ownership. The report, Impact Investing and Employee Ownership, reports on the results from six months of research, showing that the opportunities for impact investors to support employee ownership are limited, but that an investing infrastructure is beginning to emerge across asset classes.
I Can’t Keep Silent about this Anymore: Women and Capital Raising
I started helping mission-driven entrepreneurs raise capital almost ten years ago. My clients have collectively raised almost $20 million, with amounts ranging from $150,000 to $4 million.
About two years ago, I was compiling a list of the clients that I had helped to raise money. At that time, I could honestly say that every client that I had worked through the whole process with (i.e. if I excluded those that changed their minds and didn’t complete the process) had met their fundraising goals. Some took longer than others, but all of them had eventually reached their goals.
Advancing the Anchor Mission of Healthcare
Read more and see pictures from our event Advancing the Anchor Mission of Healtcare, hosted on December 12th and 13th in Washington, DC. The convening brought together health system leaders to reimagine the role of healthcare in creating community health and well-being.
Toolkit for Transformation
The Democracy Collaborative today introduced the second in a toolkit series Hospitals Aligned for Healthy Communities, to help health systems use their hiring, purchasing and investing power to improve the health and well-being of underserved communities and communities of color.
Bulk discounted orders for Conversations on Community Wealth Building
Want to use Conversations on Community Wealth Building in a reading group? Want to give a copy to every member of your city council or your credit union's board? We're making five-packs of our new book collecting a decade's worth of interviews with key community wealth leaders available at a discounted rate of 35% off the cover price:
Real Pickles DPO: How Workers Raised Half a Million Dollars to Buy a Business
The worker-owners of Real Pickles in Massachusetts raised $500,000 through a direct public offering (DPO)—a fundraising vehicle similar to an initial public offering in that a business can advertise the offering openly and can accept non-wealthy investors. However, DPOs require substantially less in legal costs, are targeted at stakeholders such as customers and neighbors, and are able to raise up to $1 million.
Equal Exchange's Innovative Use of Preferred Stock
Pioneering the sale of preferred shares to impact investors, the 120-member worker-cooperative Equal Exchange has been able to raise $16 million. Preferred shares are a form of equity with limited voting rights; the stock price does not rise over time and investors instead enjoy a stream of dividends. Read more in this excerpt from our report, Strategies for Financing the Inclusive Economy.
Etsy: B Corporation with a mission to nurture and empower local economies
In March 2015, the Brooklyn-based online handicrafts marketplace Etsy became the largest certified B Corporation to sell shares in an IPO; it is one of only a few to do so. Etsy raised $267 million.
Starting a Trend of Employee Ownership Among Craft Brewers
The Democracy Collaborative report, Strategies for Financing the Inclusive Economy, illustrates how the New Belgium Brewing Company took a significant step toward remaining independent, toward sharing wealth with employees—and toward sparking a trend among other craft brewers.
The Movement for Black Lives Policy Agenda
Institutionalizing a Commitment to Racial and Economic Justice
During the United States Federation of Worker Cooperatives membership meeting this past July in Austin, Texas, the Federation shared with its membership the newly created Racial and Economic Justice Member Council. The Council is hoping to facilitate the Federation’s adoption of three more principles that will guide worker cooperatives. This marks an important institutional change, as organizations strive to create and sustain racial and economic justice.
What’s the difference between community economic development and traditional economic development?
This infographic, created by Shelterforce Magazine and adapted from our report Cities Building Community Wealth, uses the seven key drivers of community wealth to illustrate how inclusive development practices can create a new, democratic economy.