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.

Are You Subsidizing Big Business?

Massive corporations, not start-ups or local job creators, get the lion's share of state and local development incentives.

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...

Unlocking Community Development: The Anchor Key

Anchor institutions—a term used to describe public and nonprofit hospitals and universities—are today widely recognized for their role in community...

The Swiss Army Knife of Community Development

Across America—in inner city neighborhoods and rural towns alike—the level of economic and social distress is rising. Although these...

Making Community Benefits Agreements Count

CBAs can be extremely difficult to implement and enforce, which is why a detailed agreement in the early stages of the community-developer relationship is so important.
people gathered under and around an information tent

Persistently Poor Regions Would Welcome a Little Gentrification

It is often said that you get what you pay for. Clearly, too little is being paid to create positive change in America’s most vulnerable places.
small business close

Help for Small Businesses

What kinds of emergency measures are advocacy organizations proposing to make sure that when small businesses can open again, they’ll be financially able to do so?

Doing Well by Doing Good

With a little knowledge and effort, investors of many kinds can work with financial advisers to learn how to match their investments with their values and build a meaningful portfolio with solid returns.

Extending a Bank Branch to the Community

The systemic closing of bank branches in low- and moderate-income neighborhoods is followed by payday lenders, pawnshops, and check cashing services stepping in to fill the void.

Great Falls And The Silk City

PATERSON, New Jersey — It’s early February and the air temperature hovers in the low teens — never mind the windchill that could only...

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,...

A Response to ‘A New Gospel of Wealth,’ Part Two

In my last blog post, I responded to Ford Foundation president Darren Walker’s essay in which he outlines a new direction for the foundation ...

Embedding Equity Into Economic Development

It is another summer in which America’s deep racial fault lines are being painfully exposed. Following the horrific violence...
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?

Keeping the Jobs in House

Humboldt Construction Company, a subsidiary of a Chicago CDC, has been providing local employment for over 30 years. But it hasn't been easy.

Countrywide Is Not On Your Side

Angelo Mozilo, the Countrywide financial chairman who is arguably the poster child for the current subprime meltdown, just learned the difference between e-mail reply...

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...

A Victory for Local Control re: Fracking

Localities in New York State appear to have won the right to ban fracking, thanks to a decision by the...

Toward Comprehensive Approaches for Strengthening Communities

Last January, The New York Times Magazine published "The Myth of Community Development" by Nicholas Lemann. The article painted a gloomy picture of urban...

Say It Loud: Inequality is Bad for Everyone

    There is an invisible culprit in the great scandal of inequality in America: your Econ. 101 textbook. Go ahead, dig it out from that storage chest, and undoubtedly you’ll read that inequality, while we might not like it, is good for economic growth and progress. This idea has undergirded decades of policymaking, and […]