Economic Development

Economic activity is a crucial part of a healthy community, whether it’s access to quality jobs for residents, business support, or a functioning, diverse range of retail options.

With Rising Property Taxes, Should Non-Profits Now Pay Their “Fair Share”?

It’s tight here in New Jersey. And it’s because it’s crowded. With 8.7 million people, we are 11th in the country in population, but...

Why Eds and Meds Matter for Community Economic Development

A recent article in Atlantic Cities by Richard Florida, titled “Where 'Eds and Meds' Industries Could Become a Liability,”...
A retail saleswoman at a counter.

When Work Creates Insecurity

Many of us think that any employment, even part time, provides a measure of security. This is not the case for the millions of...

More Than Marching: Creating Good Jobs That Protect Our Water And Air

Trump and his cronies are backtracking on ensuring a clean energy economy that provides green jobs to make our communities sustainable.
An OWN Rochester team member works on an and LED lighting installation.

What Anchor Institutions Can Do by Working Together

Anchor institutions are beginning to realize that they face similar challenges and, by joining forces, can accomplish goals that once seemed out of reach.

Operation Neighborhood Recovery and the Future of Community Development

Urban Essex County, New Jersey, one of the hardest hit areas in the state by the ongoing foreclosure crisis, could be the laboratory for an ostensible reinvention of community development, as a local CDC there announced today the successful acquisition of 47 mortgages on troubled properties with an eye toward stabilizing neighborhoods in some of the oldest suburban communities in New Jersey.

En Mass.: CDCs Generate $1B in Economic Investment from ‘07 to ‘10

A new report issued by the Massachusetts Association of Community Development Corporations that documents the collective impact of CDCs across the state shows CDCs...

Time for Worker Cooperatives to Go Mainstream

Cities are at the crosswalk of talent and density, and they have a lot to lose by not thinking...
A sticker on a window promotes Bernal Bucks, a business initiative in San Francisco.

Why Your Community Should Kick the Subsidy Habit

Corporate incentives won't help communities thrive, even distressed ones. But nurturing local businesses will save municipalities money and promote the growth of income, wealth, and jobs.
Yellow sign reading 'Aloha.'

Reflecting and Planning Using a Community Wealth Building Lens

Over an organization’s 25 years in existence, how do staff and volunteers measure impact and build off of lessons learned to guide their next steps forward?
view from street of empty bakery

Is Success Making CDFIs Too Risk-Averse?

Shelterforce's Miriam Axel-Lute in conversation with Ed Gorman of NCRC on whether community development financial institutions (CDFIs) are taking enough risk, and therefore, falling short of their mission.

Focus on Scale Up, Not Start-up

To truly transform local neighborhoods, we must shift our attention to invest in enterprise scale, not start-ups, as a long-lasting solution for creating good jobs.

CDCs Step In Where Banks Fear to Tread

Early in 2010, the Congressional Oversight Panel for the Troubled Asset Relief Program released a report indicating that half of the $1.4 trillion in...

Farming With Benefits

One of the many striking commercials that aired during Sunday’s Super Bowl was a celebration of the American farmer, although...

Local Hire: Popular and Controversial

In March, USDOT Secretary Anthony Foxx began moving toward fully implementing “Local Hire,” a new, year long model program...
A trainee wearing a white hardhat fixes a light fixture in an apartment.

Making a Success of Local Hire

Local hire policies are among the strongest strategies for bringing good job opportunities to disadvantaged communities, but adding more provisions to specifically target those with the most barriers to employment can make local hiring practices even more effective.
The spires and statue atop an old bank building.

CRA “Reform” Under Trump Threatens Communities of Color and the 99 Percent

Banks enjoy consumer and taxpayer-funded privileges, such as deposit insurance, and not too long ago, subsidized trillion-dollar bailouts. It’s not too much to insist that they invest a fair share of those dollars back into all of our communities.