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.

3 women posed at the sides of a sign.

Nun Funds: The Original Impact Investors

Rising out of a practice of shareholder activism that began in the 1970s, Women Religious made the leap from monitoring their investments on Wall Street to becoming pioneers in investing directly in the communities and social justice causes for which they cared.
Front of Wanda's Hair Salon in DC's Shaw neighborhood

Equitable Development in Shaw

A recent New York Times article on the revitalization of Washington, DC’s Shaw neighborhood highlighted how real estate developers have rebranded the area to...

“Money Must Serve, Not Rule!”

In November 2013, Morgan Stanley launched its Institute for Sustainable Investing and announced that within five years it was aiming to manage $10 billion...

CRA Survives Its Toughest Challenge

There is nothing more exhilarating than to be shot at without result. –Winston Churchill The Community Reinvestment Act (CRA) has survived the most serious attack in...

Investing in Communities Key to Obamanomics

With the Dems convening in Denver, the New York Times Magazine offered us David Leonhardt’s review of ‘Advanced Obamanomics’ on Sunday, August 24. In...

It’s Not Actually About Ownership

Private Property and Public Power: Eminent Domain in Philadelphia, by Debbie Becher. Oxford University Press, 2014. 334pp. $30.50 (paper) Purchase here.

Hitting Construction Hiring Goals

How do you ensure that the jobs a new development is supposed to bring to a community actually go to underrepresented populations?

Local Hire: Popular and Controversial

In March, USDOT Secretary Anthony Foxx began moving toward fully implementing “Local Hire,” a new, year long model program...
The spires and statue atop an old bank building.

Would Trump’s CRA Reform Really “Do No Harm?”

NCRC examined every single Community Reinvestment Act evaluation for mid-size banks conducted during 2016.

New Jersey Divests from Payday Lending

Advocates in New Jersey mobilize to make a state pension fund put its money where its state regulations are.

In the South, Politics and Tourism Don’t Mix

The Civil War is big business in Virginia, which saw more than its share of big battles during the...

How Much Money Is Your City or State Losing to “Economic Development?”

Have you ever wondered how much money your city or state is actually losing when it gives a 20-year tax break to a developer in exchange for a handful of jobs? You might soon be able to find out. As Shawn Escoffery of the Surdna Foundation and Greg LeRoy of Good Jobs First explain in […]

Can The Silk City Forge Its Next Industrial Revolution?

New Jersey's Paterson is among the nation's oldest planned industrial cities, but it has fallen on hard times since the once-booming silk industry there declined in the latter half of the 20th century. Much of the industry in this city of 150,000 has since left, but now a geological attraction once envisioned by Alexander Hamilton as something that could be harnessed for industrial might, is fully protected, and could be channeled, this time, for its community-building potential.

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,”...
old and new buildings in Harlem

New York City Needs to Stop Negotiating Rezonings From an Uneven Playing Field

What is the underlying dynamic that leads so many council members in low-income communities of color to approve neighborhood rezonings, despite community opposition and the likelihood of increased displacement pressure on existing residents?

Uber-noxious

At the PolicyLink Equity Summit the last week of October, Orson Aguilar of the Greenlining Institute was taking a...

Reconnecting Shared Visions to Investment Opportunities

Recently, over two sizable cups of locally-roasted coffee, a colleague and I mulled over a simple question: “How can...

A Bigger, Better Vision for the Left

What would full employment look like? Minority contractors, pastors, and faith leaders flew to the Capitol last week to...

Want a Stronger Economy? Focus More on Racial Inclusion

  As housing and community development practitioners, you need little convincing that dismantling racial barriers to economic opportunity—from policing practices to exclusionary zoning—is critical to building stronger, more cohesive communities. But what about the economic cost of these persistent racial inequities? Might segregated regions not just undermine the country’s moral fabric, but also hinder its […]

In Hawaii, A Holistic Approach to Treat a Broken Economy

Ho‘owaiwai—genuine wealth—was mentioned last month as wealth that was beyond financial; wealth that included our relationships with our family,...