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What Does Finance for the People Look Like?

NonProfit Quarterly

Public bankscreated by governments and chartered to serve the public interestoffer a powerful model to advance racial equity, public accountability, and community self-determination. In New York, the public banking movement has taken root.

Finance 136
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What’s Next for CDFIs? The Challenge and Opportunity of Place

NonProfit Quarterly

Image Credit: Brian Koellish on iStock Nearly a third of US communities are CDFI deserts. In these turbulent times, many leaders of the nations growing network of community development financial institutions (CDFIs)which now collectively manage $468 billion in assets, a 615 percent increase over the past decadehave high hopes.

Finance 105
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From Impact Investing to “Impact-First” Investing—What Is the Field Learning?

NonProfit Quarterly

But if the goal is to build a solidarity economy or foster a structural shift in the economy so that US business owners of color have the same ability to finance and develop thriving businesses as White business owners, then investor willingness to sacrifice some degree of financial return for social impact is required.

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How to Advance BIPOC Empowerment in the Renewable Energy Industry

NonProfit Quarterly

Typically, a one-megawatt solar array can power at least 400 homes for a year at a cost of about $4 million—making this cost-prohibitive to most community developers. What are some practical strategies for building local capacity and breaking a colonial mindset around community energy production?

Energy 131
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Co-op Federation Seeks to Shift Worker Co-op Movement into a Passing Gear

NonProfit Quarterly

In Chicago, speakers surveyed the growth of the past 20 years while setting forth goals to bring worker co-ops fully into the economic mainstream through movement infrastructure, public policy, and culture building. Increasingly, worker co-ops are making public policy gains.

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A Banker’s Case for Public Banking

NonProfit Quarterly

Why a Banker Became a Public Banking Advocate If we want to close the racial wealth gap, we need to get serious about public banking. If you had asked me 20 years ago about public finance, I doubt I could have told you what a public bank was. How did I come to adopt this position? percent of overall wealth.

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From Owing to Owning: How Communities Can Control Commercial Land

NonProfit Quarterly

As for initiatives underway in the Twin Cities and Los Angeles, both efforts are nascent, but both groups also appear to have developed a strong set of partners, making these efforts promising. Paul, tells Duranti-Martinez, for public policy to go beyond funding community ownership “experiments.”