The latest news on community wealth building initiatives!
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Dear Colleague,


Welcome to our October www.Community-Wealth.org newsletter. This month’s new developments, include:
  • Our Anchor Dashboard paper, designed to help institutions assess the long-term impact of their economic development activities, was profiled in Next City and on the San Francisco Federal Reserve’s "What Works" website.  The Dashboard identifies twelve indicators that anchor institutions can use to assess current local conditions and evaluate institutional progress in aligning their activities with community needs. The paper will be the centerpiece of an upcoming briefing this fall at the Department of Housing and Urban Development in Washington, DC (rescheduled because of the federal government shutdown).
  • Many people are asking these days, “What can I do to help build a democratic, local economy?” In response, Democracy Collaborative co-founder Gar Alperovitz and community development associate Keane Bhatt published an article on Truthout, which was then reposted on Bill Moyers' website. The article provides ten concrete action steps that individuals and groups can take to build wealth locally. Read more below.       
  • Democracy Collaborative staff members continue to promote the community wealth building paradigm of economic development across the country. Research associate David Zuckerman and research director Steve Dubb both presented at a conference in Duluth, Minnesota that focused on how healthcare institutions can partner with their communities to achieve better health outcomes. Also, at the Rocky Mountain Employee Ownership Center’s inaugural conference in Denver, Colorado, Steve delivered the keynote presentation on community wealth building.
 
As always, we have added new links, articles, reports, and other materials to the site. Look for this symbol *NEW* to find the most recent additions.
 
Ted Howard
Executive Director, The Democracy Collaborative

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In this Newsletter:



New From The Democracy Collaborative


C-W City


Recommended Reads



Featured Websites



On our Blog:



Measuring the Impact of Anchor Institutions in Building More Sustainable Communities



Public Money for the Public Good



Asset Sharing Through "Inclusive Capitalism" Gains National Attention



New From The Democracy Collaborative

Article Provides Steps to Democratizing the Economy in Communities


A new article by Democracy Collaborative co-founder Gar Alperovitz and community development associate Keane Bhatt provides ten concrete action steps that individuals and groups can take to foster democratic economies and build community wealth. Using on-the-ground examples, this article shows how to engage credit unions, build employee-ownership structures, work with hospitals and universities to forge community partnerships, invest money responsibly, support thoughtful economic development, and encourage a green economy. Integrating these action steps into daily life will help change the nature of wealth and asset ownership in a way that is more responsive to community need. Find Out More»

C-W City: Greensboro, NC

The 31st in our continuing series of Community Wealth Cities is Greensboro, North Carolina. Situated in central North Carolina and a leading site of the civil rights movement (birthplace of the lunch counter sit-ins that led to the integration of restaurants and hotels), Greensboro today is the state’s third largest city. Organizations across the city are actively creating and implementing innovative community wealth building programs and strategies to help foster a healthier, vibrant local economy.  Read More»

Recommended Reads

Innovative Employers Generate Good Jobs While Boosting Profits


A new report from the Hitachi Foundation highlights policies and practices that improve wages and employee loyalty while also boosting competitiveness and profits. Titled Doing Well and Doing Good, this report profiles 14 healthcare and manufacturing companies (out of 90 identified) that have implemented innovative workforce strategies that help workers gain skills, retain and/or advance their jobs, and generate greater value. Calling these companies “pioneer employers,” this report identifies that they all share a common vision and ability to reorganize and engage workers toward key business goals, including: innovating new products and processes, raising product or service quality, reaching new markets, and increasing productivity. Read More»

Healing Communities Requires Addressing Environmental Factors Outside Hospital Walls


The Catholic Health Association and Health Care Without Harm have released a booklet that encourages healthcare leaders to engage and partner with individuals, organizations, and communities to improve community health by addressing environmental factors outside the hospitals walls instead of just within. Acknowledging that poor environmental quality adversely impacts vulnerable populations already at high risk for bad health, this publication argues that strategic environmental health programs can help reduce inequities in health, particularly in underserved communities. The booklet offers detailed steps and strategies for integrating programs that address environmental health with broader community benefits compliance efforts. Read More»


Sharing Economy Promotes Innovative Local Policies


This policy primer from Shareable and the Sustainable Economies Law Center catalogues innovative local policies that city governments have used to help residents share resources, co-produce, and create their own jobs. Focusing on food, housing, transportation, and job sharing, this guide is intended to help cities build community wealth and develop more resilient and democratic local economies. More broadly, the sharing economy highlights how governments can structure infrastructure, services, incentives, and regulations to support this new economy. Read More»

 

New Report Presents Framework for Structuring Successful Cross-Sector Partnerships

 

A new paper from Living Cities analyzes the structures and behaviors of effective cross-sector partnerships to provide a framework for how to best achieve measurable impact.  Author Alison Gold examines four cross-sector partnerships to show what traits are needed to build a strong foundation for the partnership, what factors influence the partnership’s success, and what behaviors will produce high-impact partnerships. Intended as a tool for cross-sector partnership members and funders, this paper provides a means for reflecting on how best to use partnerships to create sustainable change. Read More»

Featured Websites

Wagemark


Inspired by the late management expert Peter F. Drucker’s analysis of the corrosive effects of wage inequality, Wagemark is an international wage certification for organizations that are committed to ensuring that the wage ratio between the total earnings of their highest paid employee and the average of the lowest decile of employees is no greater than 8 to 1. Organizations can register online (for a minimal fee that supports research on building a more equitable society). Obtaining a Wagemark certification demonstrates an organization’s commitment to fair wages and to operating a healthy business with transparent practices that promote long-term, sustainable growth that benefits everyone. Find Out More»

Ioby


Ioby, which means “in our backyards,” serves as an alternative to NIMBY (or “not in my backyard”). It aims to be a â€œcrowd-resourcing” platform that directly connects individuals to community-led, neighbor-funded environmental projects in their neighborhoods. Crowd-resourcing combines crowd-funding, or pooling small donations, with resource organizing, the ability to organize capital (including cash, in kind donations, volunteer time, and advocacy). Since 2008, Ioby has pooled more than $500,000 and has successfully funded 218 projects across the country that address clean air and water, climate change, public health and open space. Find Out More»

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