Nonprofits and the Alternative Economy: How We Must Envision the Economy as Ours
Nonprofits often are formed to mend problems and “fill gaps” within a given system, but what if the overall economic and social structure is decaying? That is a central question that has animated NPQ’s economic justice work. In February, to deepen the conversation, we launched Economy Remix, in which NPQ senior editor Steve Dubb takes a spin around the economic neighborhood twice a month, both demystifying mainstream practices and shining a light on approaches that empower local communities. Below are a few of Steve’s columns.
Guest contributions on economic justice issues are also highly welcome. We have run a number of these, so please feel encouraged to comment or submit an article of your own.
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Last month, Hope Enterprise Corporation celebrated its 25th anniversary by cohosting a conference that brought the Federal Reserve to the Mississippi Delta for the first time in the Fed’s 106-year-old history. The gathering is a testament to CDFIs’ extraordinary growth. But tremendous challenges in the nation’s rural Black Belt remain.
Economic development incentives cost states and localities up to $90 billion a year, often starving education and social services for resources in the process. Gradually, albeit far too slowly, the field is coming to recognize the folly of developing the local economy by throwing tax dollars at corporations.
To date, few studies on employee stock ownership plan companies (ESOPs) have paid attention to race, in part because the sector has been largely white. But that is changing, and preliminary data suggests employee ownership can be very effective at building wealth in communities of color.
The Elephant in the Nonprofit Boardroom Nonprofit finance and development teams each bring a unique perspective to an organization’s finances. This can lead to mismatched reporting. Download this white paper to look into how technology can bridge the gap to support transparency, impact and stewardship.
Often taken for dead, labor in the past two years has shown that it has some life in it still. But if a sustained revival is to occur, labor will need to look very different than the unions of old.
