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.

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.

“Let’s Refuel America”

According to a report in The New York Times Monday, auto sales are down by more than a million compared to 2007’s 16.2 million...

CRA Modernization:  A Critical Moment for Underserved Neighborhoods

The Community Reinvestment Act and the Consumer Financial Protection Agency Act hold great promise for the creation of a more financially inclusive nation, but both depend on critical "moments in time" in Congress that will determine whether they become good laws or are weakened beyond recognition

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,...

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...

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.

Do New Yorkers Need an Emerald City?

The Christian Science Monitor reported a few days ago on the Bloomberg administration’s plans to redevelop the Willets Point industrial area of Queens (just...

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...

Filling Commercial Vacancies with Food Pantries

When I tell people that food pantries can be a new and innovative way to help lift up communities, they look at me as...

Fighting Wage Theft

Monday brought the announcement of a record 70,000-plus jobs lost worldwide, from drug companies to automakers and everything in between. Meanwhile each year millions of...
Women looking at museum exhibit

The Cavalry Is Us: Civil Rights and Cooperative Action

In our nation’s most vulnerable places, every vulnerable person and those more fortunate who care about their well being, are best served when we come together to help ourselves.

Evergreen Cooperatives Sows Sustainable Jobs with New Greenhouse

If my food shopping habits can in any way predict the success of the latest Evergreen Cooperatives initiative than they're in luck. Every year I...

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.

Impact Investing Resources

If you want to explore impact investing further, here are some places to start.

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.

Sprawl vs. Unions

The three very different stories of the building trades in Atlanta, Denver, and Portland, Ore., show just how much urban development patterns affect workers.

Infrastructure Woes or Opportunities?

Anyone who has wasted hours each day commuting to work, sat in traffic for an hour as a freight train inched by, waited endlessly...

How One City Is Keeping Jobs Local Using Co-ops

In 1971, the owners of The Cheese Board turned their Berkeley, California, mom-and-pop shop into a co-op, where they...

Using Business as a Force For Good

B Corps are for-profit businesses that focus strongly on their social and environmental impact. The movement has grown to 1,800-plus worldwide and now cities, economic authorities, and activists are trying to attract more of these mission-driven and worker-friendly companies to help spur economic growth.

Advancing Economic Opportunity Through Diversity

Recently, I had the opportunity to participate in an important and powerful conversation about the importance of diversity and inclusion in achieving economic equity at the Opportunity Finance Network (OFN) conference in Denver, Colorado. This is a topic that hits close to home for me. Before I joined JPMorgan Chase, I spent 10 years at […]