Community Wealth Blog
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.
Read more and see pictures from our event Advancing the Anchor Mission of Healtcare, hosted on December 12th and 13th in Washington, DC. The convening brought together health system leaders to reimagine the role of healthcare in creating community health and well-being.
Want to use Conversations on Community Wealth Building in a reading group? Want to give a copy to every member of your city council or your credit union's board? We're making five-packs of our new book collecting a decade's worth of interviews with key community wealth leaders available at a discounted rate of 35% off the cover price:
The worker-owners of Real Pickles in Massachusetts raised $500,000 through a direct public offering (DPO)—a fundraising vehicle similar to an initial public offering in that a business can advertise the offering openly and can accept non-wealthy investors. However, DPOs require substantially less in legal costs, are targeted at stakeholders such as customers and neighbors, and are able to raise up to $1 million.