New from The Democracy Collaborative
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Strategies for Financing the Inclusive Economy, the third guidebook in Citi Community Development’s Building the Inclusive Economy series, provides resources for banks, impact investors, foundations, local government, and community development leaders on how to use their capital to help grow a new economy grounded in democratized community ownership. Authored by Marjorie Kelly, Violeta Duncan, and Steve Dubb, the paper highlights tools used to finance cooperatives, employee stock ownership plans, social enterprises, hybrid enterprises, and municipal enterprises. Although the basic tools of debt and equity still apply to these models, unique financing approaches are being developed to meet their goals of worker and community benefit. These include peer financing, new forms of public funding, mission-related investments, and many others.
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With support from the Robert Wood Johnson Foundation, The Democracy Collaborative has launched a new toolkit series on how hospitals can best use their considerable economic resources to create more equitable and inclusive local economies. The first toolkit on was released in September, with additional toolkits on inclusive, local sourcing and community investment coming out later this year. Authored by Manager of Healthcare Engagement David Zuckerman and Research Associate Katie Parker, the toolkits provide detailed strategy descriptions, case studies from leaders in the field, and worksheets that allow health systems to begin planning and designing an inclusive local hiring program.
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Webinar: Financing the Inclusive Economy
October 20, 2016
3:00-4:30 PM ET
Marjorie Kelly and Steve Dubb will join Camille Kerr of The ICA Group, Marnie Thompson of the Fund for Democratic Communities, Melinda Pollack of Enterprise Community Partners, Olivia Rebanal of Capital Impact Partners, and Tina Corea of Citi Community Development for a webinar about our new Strategies for Financing the Inclusive Economy guidebook. Register now.
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National Cooperative Month: Cooperatives Build
October 2016
October is National Cooperative Month and the 2016 theme is “Cooperatives Build.” The co-op month website provides a variety of resources including social media materials, sample press releases, co-op success stories, and a listing of events, including International Credit Union Day on October 20 and a Co-Op 5K in Washington, DC on October 22. Check out the website here.
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Participatory Budgeting Bolsters Civic Engagement
This new white paper from the Participatory Budgeting Project discusses how governments can use participatory budgeting (PB) as a tool to foster civic participation, ensure more accountable and fair decision-making processes, and develop innovative policy solutions. The paper provides a broad overview of how PB works and highlights successes from the more than 3,000 PB efforts implemented across the United States. The paper includes perspectives from: New York City, where low-income residents represented 40 percent of participants in PB processes (compared with 29 percent for previous local elections); Boston, which has developed a youth-led PB process; and Greensboro, North Carolina, the first PB effort in the American south.
READ THE FULL REPORT
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U.S. Ranks Low on New Global “Inclusiveness Index”
The majority of comparative metrics assessing the well-being of people in countries omit social cleavages—such as gender and ethnicity—that influence experiences of marginalization and exclusion. To identify policies and interventions that promote inclusivity and equity, the Haas Institute has developed the “Inclusiveness Index.” This new paper explains the development of the Index, which is based on factors such as outgroup violence, political representation, income inequality, and rates of incarceration. Based on these metrics, the US is ranked as having low inclusivity globally. The authors then apply the index to the US internally, noting the geographic concentration of incarceration, persistent income inequality, and discriminatory laws.
READ THE FULL REPORT
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Launched by Black Central, an organization dedicated to empowering Black communities, Blackout Coalition provides resources for the #MoveYourMoney campaign, which focuses on shifting resources to Black-owned enterprises. The website features a map of Black-owned banks and credit unions in the U.S, as well as a business directory, and film and music video libraries. Learn more at blackoutcoalition.org.
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To celebrate their 100 year anniversary, the National Cooperative Business Association CLUSA International (NCBA CLUSA) launched a web series celebrating cooperative history. It includes a new documentary series on cooperatives that will screen on PBS this fall, a social media toolkit for promoting cooperative ownership, and a monthly photo contest. Learn more at ncbaclusa100.coop.
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