Convening, Recruiting, and Connecting People Who Repair Local Economies
Markets are not value neutral or virtuous. They play by rules designed by the people that benefit from them. “Letting the market distribute wealth as it will” is simply a recipe for letting the status quo continue. The markets will produce what the markets are designed to produce – namely consolidation of wealth into the hands of […]
Mixed Income Neighborhood Trusts, or MINTS, were a brand new concept three years ago, but Trust Neighborhoods has quickly grown from two buildings in one city to 170 residences in five cities. MINTS are a rare economic justice innovation that found the right inflection point in the system at just the right point to halt […]
“Money is the key to end all your woes, your ups your downs, your highs and your lows. When’s the last time that love bought your clothes? It’s like that and that’s the way it is!”Run DMC “I don’t know what they want from me, it’s like the more money we come across, the more […]
Note: Perhaps this isn’t 100% factual, but it IS a very true story. And I think it speaks to the work we are trying to do at Neighborhood Economics. Sharing this story feels risky because it is told from the vantage point of a single person (me!), and the way all the dots connect it […]
The influential Aspen Institute has decided that the goal of their Future of Wealth initiative is to see Black family wealth grow ten-fold over the next twenty-five years. This would bridge a significant chunk out of the racial wealth gap; the average white family has 10x the assets of the average Black family. Aspen’s grounding […]
Kevin Jones We’ve raised a year of operating capital to launch The Watershed Fund, https://emsdcmarketplace.org/donations/watershed-fund/ which offers zero interest loans to local farmers serving our farm-to-table sector in Asheville. The connections and reciprocity within our food systems are already proving to be one of the surprising benefits. With the Watershed Fund, https://neighborhoodeconomics.org/wiki/index.php/Initial_design_of_the_Watershed_Fund what we are […]
Dave Kresta After spending the morning touring the Mississippi Civil Rights Museum in Jackson on a recent Sunday morning, I was in an understandably somber mood. I was shocked out of my disgust and confusion when later that afternoon I attended the Working Together Jackson “Refounding Convention,” where over 500 energized and engaged community leaders […]
By Shonda Allen Economic, educational, and social institutions are not thought to be the traditional primary drivers of moral civility in the south. The wheelhouse that, arguably, should be driving moral/human civility is religious institutions – The CHURCH. But it is not. In fact, it has been the opposite. Ingrained in the DNA of the […]
By Paula Garrett “It’s Been A Long Time Coming. But I Know A Change Is Gonna Come” — Mississippian Sam Cooke Sam Cooke, the “King of Soul,” is known for his Chicago-style music, but he is actually from Clarksdale in the Mississippi Delta. He left Mississippi with his family as a child. He and hundreds […]
CategoriesAccess to Capital Racial Wealth GapAs we are building toward Neighborhood Economics: Jackson, the emerging theme is this: creating assets to bridge the racial wealth gap. A big part of that focus will be on new innovative funds enabling sole proprietors to become job creators and to become eligible for the loans they cannot access now. Another focus will be […]
