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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.
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There’s a Community Oversight Fight Brewing in the Bronx
After organizing and giving input for decades, the community around the Kingsbridge Armory might actually see it redeveloped—and they want to continue to have a say in how it goes.
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Connecting CDFIs and Impact Investors
It should be a natural fit; what’s in the way?
Preparing for Business as Unusual
An impact investment can move a nonprofit to a high level of effectiveness and stability—but only if it’s done its homework first.
Letting the Dollars Land
To realize the promise of community investment, the capacity of specific places to absorb available capital needs to grow.
The $15 Trillion Shift
“Investor apartheid” securities rules are keeping investment artificially blocked from the businesses with the most positive impact on communities— small, local ones.
What Is Philanthropic Equity? A Roundtable Discussion
As we prepared this issue, the term “philanthropic equity” kept surfacing. What is this new concept in philanthropy, and how is it different from both traditional grantmaking and program-related investments? In December we gathered a group of people from foundations and nonprofit intermediaries to explore the concept, its promises and pitfalls.
“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 in client assets targeted to “impact […]
Maybe Money Really Can Grow On Trees
Guess what? The local food movement is actually good for your local economy! At least that seems to be true in the Northeastern U.S., if not yet in other regions. […]
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 conflict. Tourists have their pick of numerous bloody grounds around Richmond, […]
How the New Market Tax Credit Program Could Actually Benefit Communities
The New Markets Tax Credit (NMTC) program was created in 2000, with a goal of creating “jobs and material improvement in the lives of residents of low-income communities.” It has […]
Easing into Investment?
Joe Kriesberg of Mass. Assoc. of CDCs recently took a trip to Cuba with a group of community development colleagues. He's written up his varied observations of that unusual island […]
Here’s How CDCs can Overcome the People-Based, Place-Based Gap
“Self interest generalized is community interest” — Kenneth Jones, community organizer Throughout my experience in leading NeighborWorks America’s Superstorm Sandy response, two critical aspects have continually been present: people-based and […]
Eds and Meds and the Three-Legged Stool of Economic Development
My first reactions to Richard Florida's recent attempt to tip the sacred cow of “eds and meds” (universities and hospitals) economic development were quite similar to what Steve Dubb wrote […]