This article details some of the community wealth building work being done in Poughkeepsie, New York to democratize ownership and urge anchor institutions to source locally. Specifically, an event will convene some of the leaders of this movement:
The event will bring together over 150 representatives from regional and local organizations to discuss how other cities across the country have implemented collaborations among hospitals, colleges and local businesses. This model, known as community wealth-building, pulls together local talents, capacities and institutions to rebuild capital by creating and strengthening locally-owned family and community businesses.
Take for example, the Democracy Collaborative, an organization based in Cleveland, Ohio that recognized an opportunity for job creation after taking inventory of hospital spending patterns. Area hospitals were shipping laundry away to be washed. The result? A local industrial laundromat, co-owned by workers who earn a living wage... Read full article.