In this blog for the Stanford Social Innovation Review, our Executive Vice President and Senior Fellow Marjorie Kelly delves into some of the groundbreaking models for inclusive ownership that are increasingly making an impact on the lives of workers and community members. Kelly offers these strategies as concrete and evolving ways to help equitably distribute wealth in the US and beyond, creating a sustainable and fair economic system:
An important part of moving this kind of work from the edges of conversation around inequality to the center is making sure we put resources in place to help take inclusive models to scale. Our new Democracy Collaborative handbook, funded by Citi Community Development, outlines some of the most promising avenues for assembling the capital necessary to expand these kinds of business development and conversion strategies. For example, Community Development Finance Institutions (CDFIs)—which are chartered to aid disadvantaged communities and number roughly 1,000 throughout the United States—have substantial untapped potential for funding broad-based ownership... Read the full blog post.