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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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On a lawn in front of a brick building with large glass panels that look as if they might have been garage bays at one point, stands a welcome sign made of mosaic tile. The underlying structure is invisible but may be concrete and forms a boxy semi-circle with a peak. The mosaic tiles are small and spell out "Welcome to Binghampton" in varied colors on a background of tiny black tiles. There are two stars over the letters B and I, and near the bottom is a band of freeform mosaics depicting faces. They're very small and hard to discern individually.

Memphis Is Shrinking. Here’s Why We Need to Change That

Memphis is struggling with a dwindling population, driven in part by a high crime rate and disinvestment in low-income areas of the city. What are local organizations doing to turn this around?

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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.

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!"

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.

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.

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.