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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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A massive 9-story red brick armory with a curved metal roof, seen from one end. Reminiscent of medieval architecture, the edifice has two tall crenelated towers with conical roofs flanking the main entrance, and another, shorter tower topped by a gazebo. A chain-link fence borders the property, and buses, trucks, and cars can be seen in the street, and pedestrians on the sidewalk.

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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The Hidden Threat of Tax Cuts to Equitable Economic Development

Although the Trump administration’s recent budget proposal offers only a look at expenses, with no numbers on revenue, it won’t be long before massive cuts to corporate taxes are on […]

Housing Advocacy

Where Do We Go From Here? Toward a New Freedom Budget

If, as Dr. Martin Luther King Jr. said, a “budget is a moral document,” then this budget is a reflection of the moralities of the boardroom, the eviction notice, the emergency ward, and the pink slip.

Tax Credits Play A Critical Role in Economic Development

In his recent speech to Congress, President Trump included this pledge: “Every American child should be able to grow up in a safe community … and to have access to […]

Worker Co-ops: Hope in the Desert

“Political democracy requires economic democracy.” I spent Election Day in—of all places—Las Vegas, Nevada. The slot machines garishly blaring in the lobby, and the Trump hotel down the block were […]

CDFIs

CDFIs “Rethink” Systems, But (Hopefully) Not Identity

We are definitely in some danger of losing a connection to the animating social movements that gave rise to the industry.

Editor’s Note

New Lenses on Economic Development

Billions of taxpayer dollars are spent every year to stimulate economic development. Is it going where we think it’s going?

A trainee wearing a white hardhat fixes a light fixture in an apartment.
Organizing Strategy

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.

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.

A woman holds a sign outside of the Oakland City Council chambers that reads "Democratic Workplaces equal Democratic Oakland!"
Reported Article

In the World of Community Wealth-Building, Ownership Has Its Privileges

What local government can do to support new, more inclusive economic models.

A rendering of what Port Covington would look like once the decades-long project is completed.
Reported Article

Who Will Benefit from Port Covington?

Advocates, city leaders, and Under Armour’s real estate arm negotiate a $660 million tax deal and a vision for economic development in Baltimore.

Organizing

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.

A photo of the Rush University Medical Center.

Connecting Companies to Business

A Chicago organization is bringing together local businesses and large institutions to promote economic growth.