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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

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.
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July 27, 2020
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July 2020

Arundhati Roy, the Indian author and activist, has written: “Whatever it is, coronavirus has made the mighty kneel and brought the world to a halt like nothing else could. Our minds are still racing back and forth, longing for a return to ‘normality,’ trying to stitch our future to our past and refusing to acknowledge the rupture. But the rupture exists. And in the midst of this terrible despair, it offers us a chance to rethink the doomsday machine we have built for ourselves. Nothing could be worse than a return to normality. Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next.”
read more
June 29, 2020
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June 2020

As protests continue across the nation, we stand in solidarity with all those demanding change after the murders of George Floyd in Minneapolis, Breonna Taylor in Louisville, and the continued state sanctioned violence against Black people. We add our voices to the growing chorus of those insisting that without justice there can be no peace. We are also called to recognize that our work to build a more equitable and democratic political economic system will remain unrealized if we fail to take the steps necessary to dismantle white supremacy, be it in our own workplaces, our communities, or our government.
read more