The Fed chair’s look at the economy from street level, how Biden’s new plan fights child poverty, and which economic term should get the boot.

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** Economic Democracy Weekly
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What if economic development were done with communities in mind? Our lead story this week comes from an economic developer from Arlington, Virginia, who calls on economic developers to focus on building local community businesses, a strategy he calls “foundational economics.” We also bring you two policy stories—one looks at President Joe Biden’s $1.8 trillion American Families Plan, and the other reports on a recent address from Federal Reserve Chair Jerome Powell to community activists. Lastly, a reader responding to last week’s survey asks us to expand our economic thinking beyond the narrow confines of “gross domestic product.”
Articles
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The Foundational Economy: A Message to Economic Developers ([link removed])
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What would communities look like if the economic development industry treated local firms with the same care they provide to large corporations? Read more... ([link removed])
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4 Easy ways to raise more online ([link removed])
Learn how small changes to your donation page can yield major results. See data insights from NationBuilder—software used by nonprofits worldwide.
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Unpacking Biden’s Family Plan: What It Means for Child Poverty Reduction ([link removed])
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A week ago, the Biden administration released its American Families Plan. The plan’s tax credit provisions could reduce childhood poverty through 2025 by over 40 percent. Read more... ([link removed])

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6 ways to build effective fundraising campaigns ([link removed])
Read this survey report designed to help nonprofits connect with donors across generations by highlighting their shifting behaviors and preferences.
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Policy
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Fed Chair Outlines Economic Challenges at Community Development Conference ([link removed])

Speaking to an annual conference of community advocates, Federal Reserve Chair Jerome Powell outlines the scope and scale of the economic rebuilding challenge. Read more... ([link removed])

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COVID's Effect and Influence on Grant Management ([link removed])
As a result of COVID-19, grantmakers and foundations were faced with a mountain of challenges and changes. In this report, discover how over 100 funders overcame the difficulties of 2020—and what their best practices are for emergency grants.
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Economy Survey
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Reader Response: Get Rid of GDP ([link removed])
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Last week, we asked readers to respond to the prompt, “What economics term would you get rid of, and why?” Here is our favorite reply. ([link removed])

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