Sarah McKinley is the Director for European Programs for The Democracy Collaborative and the European Representative for the Next System Project, working out of her home-office in Brussels, Belgium.
In her capacity directing TDC’s European Programs, Sarah is building transatlantic partnerships to develop new community wealth building models and learning exchanges to advance the democratic economy in the United Kingdom and continental Europe. During her time at TDC she has managed the Learning/Action Lab for Community Wealth Building, a multi-year initiative supported by the Northwest Area Foundation, assisting ﬁve organizations in Indian Country to create social enterprises and employee-owned companies. She supported the publication of An Indigenous Approach to Community Wealth Building: A Lakota Translation and co- authored Cities Building Community Wealth, The Anchor Dashboard: Aligning Institutional Practice to Meet Low-Income Community Needs, and Raising Student Voices: Student Action for University Community Investment.
She has a background in community development and has worked with community development organizations at different levels, including with the Greater Southwest Development Corporation, a Chicago-based community development corporation, and the National Alliance of Community Economic Development Associations in Washington DC. While earning her master degree in urban and regional planning at Cornell University, Sarah was a co-author and coordinator of “A People’s Plan for New Orleans,” a bottom-up community development plan for the 9th Ward after Hurricane Katrina. She holds a bachelor’s degree in urban history from the University of Chicago.
Stephanie Gutierrez, co-founder of Hope Nation LLC, explores hows effective community wealth building in Native communities depends on an active process of cultural translation. Read more about An Indigenous Approach to Community Wealth Building: A Lakota Translation...
In an era of persistent urban inequality and chronic unemployment disproportionately impacting historically marginalized communities and communities of color, new alternatives to the traditional economic development strategies that have failed to bring broad and evenly distributed prosperity to America's cities are clearly needed.
This study seeks to introduce a framework that can assist anchor institutions in understanding their impact on the community and, in particular, their impact on the welfare of low-income children and families in those communities.
This report, the companion to our The Anchor Dashboard: Aligning Institutional Practice to Meet Low-Income Community Needs, presents the research behind the framework we have designed to assist anchor institutions in measuring their community impact.
Democracy Collaborative Research Director Steve Dubb along with Executive Director Ted Howard and Research Associate Sarah McKinley contributed the chapter “Economic Democracy” to the two-volume encyclopedia, Achieving Sustainability, now available courtesy of Gale Publishing. They outline the history of the economic democracy movement, highlighting community wealth building strategies such as community development finance institutions and cooperatives.
This new report from The Democracy Collaborative and the Responsible Endowments Coalition seeks to connect struggling communities to local institutional wealth through engaging student activism. The report profiles three administration-led initiatives and three student-led initiatives, as well as five potential future partnerships, where institutional investments are directed into local communities in a way that empowers low-income residents, develops small businesses, and generates sustainable economic development.
- Submitted by dave on June 5th, 2013A primer on the difference between B Corps and Benefit CorpsLast month, the state of Nevada became the 17th state to pass legislation enabling businesses to incorporate as benefit corporations. There are nearly a dozen other states considering legislation, illustrating just how rapidly this idea has spread since Maryland became the first to pass legislation in April 2010. Legislatures in all corners of the U.S. have supported this concept overwhelmingly. This widespread acceptance of a need for a corporation that is motivated by more than just profit is an intriguing trend especially as other environmental and economic trends continue to move in the opposite direction.
- Submitted by sarah on April 15th, 2013CEO chats about developing the first cooperative business, Atlanta Lettuce Works
Last week, The Democracy Collaborative's Stephanie Geller had the opportunity to chat with Ellen Macht, President and CEO of the Atlanta Wealth Building Initiative, about an exciting new project launched by The Community Foundation for Greater Atlanta to bring quality jobs, assets, and sustainable economic growth to Atlanta’s most marginalized neighborhoods.
- Submitted by sarah on March 7th, 2013Local governments could save millions by making programs widely available
Last month I posted a blog about the complexities in the housing market and detrimental side effects of foreclosures for communities and individual wealth preservation. Soon thereafter the Bipartisan Policy Center’s Housing Committee issued a report entitled Housing America’s Future: New Directions for National Policy that contained recommendations for a new housing finance system and for reforming housing assistance programs to better meet the needs of America’s most vulnerable households.
- Submitted by sarah on February 27th, 2013Cooperative financial model pushes “people first” approach to grow opportunity and economy
In 2012, credit unions passed an important milestone: collectively, these cooperatively owned, one-member-one-vote financial institutions hold more than $1 trillion in assets. Taken together, they would equal the fifth largest U.S. bank, knocking Goldman Sachs out of the top five (keep in mind, this does not include other sectors of cooperative finance, which, if taken all together, would comprise one of the largest banks in the country).
- Submitted by sarah on February 13th, 2013More than Just Streamlining the Mortgage Process
In his State of the Union address, President Obama said that our “housing market is healing.” Still he conceded that more needs to be done for families struggling to buy a home and to simplify regulations that prevent them from doing so. All of which negatively impacts our entire economy in the process. He added that a bill before Congress would streamline the process of refinancing for responsible homeowners and urged Congress to take action to pass the bill.