For those interested in employee ownership, it is critical to understand if employee ownership can achieve the scale required to truly reduce wealth inequality and create strong local economies. In a previous post, we saw that today there are thousands of employee-owned business operating in every industry and employing up to 2 million Americans. But while there are numerous examples of large EO companies, as a whole, these firms account for about 1% of the civilian labor force.
With income inequality in the United States at record high levels, employee ownership is increasingly being lauded as a potential solution to spreading wealth more broadly. Most recently, research from the National Center for Employee Ownership released in May shows that employee owners have a household net worth that is 92 percent higher than non-employee owners. They also make 33 percent higher wages, and are far less likely to be laid off...read more
Mapping the appropriations process that will decide the fate of federal support for inclusive community development
While advocates for the federal infrastructure for inclusive community development have been justifiably alarmed at the White House's draconian budget proposal, which outlines severe cuts to or wholesale elimination of programs with demonstrated beneficial impact for the our country's most economically marginalized communities, the real decisions about which programs will be funded and at what levels will be made in the Appropriations committees in the House and Senate. Read more about Mapping the appropriations process that will decide the fate of federal support for inclusive community development...
Donald Trump will not be president forever, but in his time in office he can do substantial damage in many areas of American life. As one donor told us, "We risk having 40 years of progress in community development unraveled in the next 18 months."
Principally, that’s because the new administration, along with Republican congressional leaders, is targeting federal spending on social programs and community development — a major bulwark against the consequences of generational poverty and ever-growing wealth inequality. Hundreds of billions of dollars are at risk.
Philanthropy, which awards about $60 billion in grants annually, cannot possibly meet this shortfall. But it can help ensure that when the political winds change, as they inevitably will, the pieces are in place for a progressive agenda. One key way to do this is to support innovative local and regional programs that can be expanded nationally when the opening occurs.
Ted Howard, co-founder of the Democracy Collaborative in the USA, gives a speech at Labour's New Economics Conference in Newcastle...watch the video Read more about Ted Howard Speech at Labour New Economics Conference...
After much speculation, President Trump’s Budget Blueprint for fiscal year 2018, which begins this coming October 1st, has now officially been released. The plan proposes cuts of $54 billion from domestic discretionary funding to enable a corresponding increase in military spending. Read more about Cataloguing the potential damage to inclusive community development in the Trump budget...
In December 2016, leaders from 40 health systems gathered in Washington, DC to explore the potential to more fully harness their economic power to inclusively and sustainably benefit the long-term well-being of American communities. Together, they discussed best practices and strategies to advance the Anchor Mission of healthcare.
At the conclusion of the convening, the Healthcare Anchor Network was formed to support health systems collaborating nationally to accelerate learning and local implementation of economic inclusion strategies.
This report summarizes the events of that convening and next steps, inviting your hospital or health system to join the Network and help advance the Anchor Mission of healthcare in your institution, in your community, and nationally.
I started helping mission-driven entrepreneurs raise capital almost ten years ago. My clients have collectively raised almost $20 million, with amounts ranging from $150,000 to $4 million.
About two years ago, I was compiling a list of the clients that I had helped to raise money. At that time, I could honestly say that every client that I had worked through the whole process with (i.e. if I excluded those that changed their minds and didn’t complete the process) had met their fundraising goals. Some took longer than others, but all of them had eventually reached their goals. Read more about I Can’t Keep Silent about this Anymore: Women and Capital Raising...
Sparking the conversation in your community: A DIY guide to planning your own community wealth building summit
We asked Justine Porter to share how a volunteer-driven effort convened a powerful community wealth building summit in Poughkeepsie, New York.
Jacksonville’s Community Wealth Building Roundtable: Local Government Convenes to Seed a New Idea for Community Development
A detailed look at how a municipal government can plan and carry out a successful community wealth building roundtable, from the perspective of the Mayor's Deputy Chief of Staff in Jacksonville, Florida.