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Dear Colleague,

Since we launched Community-Wealth.org last month, we have already added many new links, documents, and other relevant materials. Now and in the future, just look for this symbol *NEW* to find our most recent additions.

I particularly want to call your attention to one new feature: “New Directions in State & Local Policy” which showcases a broad range of wealth-building policy innovations and interventions from all over the country, including state-level “millionaires’ taxes,” living wage campaigns, and community benefit agreements.

We’ve been gratified by the initial response to our first newsletter and to C-W.org. Thanks to all of you who have submitted material (much of which we have already posted) to help us expand our web site and to increase its usefulness as a tool for community wealth-builders.

Ted Howard
Executive Director, The Democracy Collaborative

 NEW & RECOMMENDED:

When Employees Have Equity Attitude (book excerpt)
Employee attitudes at ESOP companies run something like this: “This is our company, and we will do whatever is necessary to help it succeed.” It’s that can-do attitude that makes employee ownership not only good for morale, but good for business, say the authors ofEquity: Why Employee Ownership is Good for Business, a new book published by the Harvard Business School Press.

A University Helps to
Rebuild a Neighborhood (PDF 640KB)

Clark University in Worcester, MA had a choice: It could turn its geographic focus toward Park Avenue, expanding its campus westward toward Worcester’s more prosperous neighborhoods, or it could continue to invest its future in the distressed Main South community. It chose the latter…

Prosperity Campaign (PDF 204KB)
Hillsborough and Pinellas Counties in Florida have launched a “Prosperity Campaign.” The goal: assisting thousands of low- and moderate-income working families to claim more than $10 million in Earned Income Tax and Child Tax Credits. The Prosperity Campaign is also active in other Florida Counties.

 IN THE NEWS:

ISPs Attempt to Stop Public Broadband (PDF 50KB)
When tiny north Kansas City, Missouri, announced that it planned to offer affordable high-speed Internet access much the way it does other public services, residents were ecstatic. Then goliath Time Warner Cable asked a Missouri federal court to block the city’s efforts.

Getting a “Bang for the Buck” (PDF 264KB)
The U.S. Treasury Department finds that each dollar of financial assistance provided by the U.S. government’s CDFI Fund leverages almost $20 in additional private and public dollars.

George Soros Challenges the City of Baltimore (PDF 116KB)
Billionaire financier George Soros and his Open Society Institute have spent $50 million to combat urban ills in Baltimore. Now he is challenging the community to come up with $20 million to continue the work.

LISC Stakes New Ground in Charter Schools (PDF 73KB)
The Local Initiatives Support Corporation is increasing its community development lending to finance greater charter school development. This June, LISC joined with other partners to announce the creation of two funds worth $56 million to finance public charter school facilities in Los Angeles County and Indianapolis.

 SITES OF THE MONTH:

The Nonprofit Finance Fund works with over 170 funders including financial institutions, foundations, and government agencies to develop new ways of meeting the capital growth needs of the nonprofit sector.
www.nonprofitfinancefund.org/

Northcountry Cooperative Development Fund is a cooperatively owned and operated financial intermediary which acts as a catalyst for the development and growth of cooperatives. 
www.ncdf.coop

Ashoka’s mission is to shape a citizen sector that is entrepreneurial, productive, and globally integrated, and to develop the profession of social entrepreneurship round the world.
www.ashoka.org

The U.S. Federation of Worker Cooperatives is a national trade association dedicated to promoting worker management, governance, and worker ownership of places of employment.
www.usworker.coop

Publication date: 2005-07-01

More related work

October 26, 2020
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October 2020

Day by day, the COVID-19 pandemic is uncovering deep structural flaws in virtually every aspect of our political economic system. This includes our current approach to intellectual property (IP) and research and development (R&D), which prioritizes corporate profit over public good and public health. For instance, despite billions of dollars in public funding flowing to for-profit pharmaceutical corporations in recent months and years, this has not translated into increased access to the life-saving vaccines, treatments, and technology we desperately need. This new research module from The Democracy Collaborative and Common Wealth, part of our Ownership Futures series, puts forward a new paradigm for IP and R&D: one that recognizes how critical these interconnected and entwined systems are to building a more equitable, sustainable, and democratic 21st century economy. Read more below and from co-author and Research Director Thomas M. Hanna in The Independent and In These Times.
read more
September 22, 2020
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September 2020

Over the past six months in the United States, a staggering 200,000 lives have been cut short due to COVID-19. These were our parents, our friends, our grandparents, our community members, and our children. The loss is both heartbreaking and infuriating because it did not have to be this way. Not only are we beset by an incompetent, negligent and mendacious White House (and its enablers in the Senate), but our economic system is quite literally killing us, and what is worse, it is operating as designed. The extreme and ever-growing concentration of wealth and power in the hands of a few puts the health, wellbeing, and lives of people in the United States, and around the world, at grave risk. As Executive Vice President Marjorie Kelly writes in an op-ed for The Hill, “the blunt truth is that the profit-maximizing, capital-controlled corporate model must become a thing of the past.”
read more
August 20, 2020
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August 2020

Each passing day we are faced with further evidence of the scale of the crisis we are now facing. A potentially unprecedented wave of evictions as moratoriums come to an end; the threat of far-reaching utilities shutoffs as residents struggle to make ends meet; small businesses shuttering with little relief in sight. And all this on top of the heartbreaking and uneven landscape of preventable death, with Black, Indigenous and other people of color bearing the brunt of the pandemic and its fallout. The scale of the crisis necessitates immediate and decisive action. But these actions will be ineffective if we do not acknowledge a fundamental truth: we were already in crisis long before the COVID-19 pandemic. What we are observing now are the logical outcomes of a political-economic system that by design puts profit and “shareholder value” over peoples’ lives and the health of our planet.
read more