How tax loopholes widen the infrastructure gap, whether program-related investments are right for you, and an economic playbook from Minnesota.
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** Economic Democracy Weekly
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Welcome to our latest Economic Democracy Weekly! Back in the early 1980s, Oingo Boingo sang, “There’s nothing wrong with capitalism/There’s nothing wrong with free enterprise,” but these days even students at Harvard Business School would beg to differ. Today, an Economy Remix article looks at some of the ideas about capitalism that surfaced at a recent conference organized by Harvard business and public policy graduate students. This week, we also offer an account of a comprehensive economic development playbook strategy to promote racial equity being advanced by racial justice advocates in the Minnesota statehouse and a primer for nonprofits that may be considering taking on foundation support in the form of Program-Related Investment (PRI) loans. Lastly, we bring you a policy story that looks at President Biden’s infrastructure bill, and examines how corporate tax loopholes helped create the nation’s enormous infrastructure gap in the first place.
Economy Remix
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Harvard Conference Searches for a Better Capitalism ([link removed])
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Last month, leading economic thinkers at Harvard explored the possibilities of forging a kinder, gentler capitalism in a post-COVID world. Read more... ([link removed])
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Nonprofit Survey: Workforce Trends in the Wake of COVID-19 ([link removed])
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Features
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Eliminating Racial Disparities with Wealth-Building Infrastructure ([link removed])
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To effectively reduce racial disparities, the billions flowing through the state, cities, and towns across Minnesota need to be invested in wealth-building infrastructure. Read more... ([link removed])
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How PRIs Work: A Basic Primer for Nonprofits ([link removed])
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Program-related investments are not new, but many still shy away from them. Here are some basic steps you can take to figure out whether and how to use this vital tool. Read more... ([link removed])
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How The Pandemic Changed Nonprofit Video Forever (2021) ([link removed])
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Policy
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Pressure to Tax Corporations Rises as Infrastructure Gaps Come into Full View ([link removed])
One question asked too little in the infrastructure debate: How did US infrastructure needs become so vast to begin with? One factor: Corporate tax loopholes. Read more... ([link removed])
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How The Pandemic Changed Nonprofit Video Forever (2021) ([link removed])
▪ Data from 778 nonprofits ▪ Trends, benchmarks and key findings ▪ Rankings of the top 100 nonprofits ▪ Interviews with experts ▪ 44 pages of insights, charts and examples
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