Community Wealth Blog
Today’s deal is a practical demonstration of a new model accelerating business conversions to employee ownership.
Over the next few years, The Democracy Collaborative will serve as a US hub for a global project on re-municipalization. The project, hosted at the University of Glasgow in Scotland, aims to explore the potential of, and growing movement for, returning services and utilities that have been privatized to public ownership. An important element of the project is a survey to better understand past and present efforts around re-municipalization. If you have been involved in such a campaign, we invite you to take the survey, which is available in multiple languages.
Co-published with the Transnational Institute (TNI), the New Economics Foundation (NEF), the Tellus Institute, Change Finance, Focus on the Global South, Fairfin, and the MOBA Housing Network, this new volume, entitled Public Finance for the Future We Want, includes two chapters penned by Democracy Collaborative staff discussing the role of anchor institutions in community wealth building and the potential for a public buyout of fossil fuel companies.
Reinvestment presents a unique opportunity for universities to partner with their local communities to promote equitable economic development and energy democracy. Campaigns’ embrace of community investment would strengthen the crucial role that divestment movements play in fostering long-term system change. This strategy creates a powerful opportunity to engage young people in new economy work while leveraging the resources of some of our most powerful institutions to shift financial capacity from the extractive economy to a new energy system.
The holiday season is upon us and for some, that means the start of the holiday gift-buying season! If you are one of those to-be shoppers, we implore you to support businesses that are doing good: worker-owned businesses, women- and minority-owned businesses, pro-worker companies, and ethical & sustainable product companies. Americans spend nearly $1 trillion during the holiday season, help us spread the word to your networks, friends & family that we can support brands and companies that do good!
Thunder Valley Community Development Corporation (TVCDC) is a Lakota led non-profit based in the Thunder Valley community of the Porcupine District on the Pine Ridge Indian Reservation, which celebrated its 10 year anniversary in 2017. For the last five years, TVCDC has participated in and co-created the Learning/Action Lab for Community Wealth Building, alongside The Democracy Collaborative, the Northwest Area Foundation and four other Native American community-based organizations, to develop and work through strategies that build and root wealth locally for the benefit of their community.
The future where every city, as a matter of course, has its own “office of community wealth building” working to build opportunities and community ownership in their local economy is getting closer everyday.
Monday, October 9, 2017
When you hear the word “investor,” what do you picture?
When I ask most people this question, they describe a white man in a suit (or, if in Silicon Valley, maybe khakis and a button down shirt) in a fancy office spending every work day combing through pitch decks, executive summaries, and due diligence and barking tough questions at terrified entrepreneurs.
A new report by Mary Ann Beyster, president and trustee of the Foundation for Enterprise Development (FED), published by the Fifty by Fifty initiative of The Democracy Collaborative, examines the investing landscape for potential opportunities in employee ownership. The report, Impact Investing and Employee Ownership, reports on the results from six months of research, showing that the opportunities for impact investors to support employee ownership are limited, but that an investing infrastructure is beginning to emerge across asset classes.
I started helping mission-driven entrepreneurs raise capital almost ten years ago. My clients have collectively raised almost $20 million, with amounts ranging from $150,000 to $4 million.
About two years ago, I was compiling a list of the clients that I had helped to raise money. At that time, I could honestly say that every client that I had worked through the whole process with (i.e. if I excluded those that changed their minds and didn’t complete the process) had met their fundraising goals. Some took longer than others, but all of them had eventually reached their goals.