The Community Impact Investment Coalition of British Columbia is calling for legislative and regulatory changes that will enable greater commumity investment in the province.

BC has little enabling legislation and regulation for community impact investment compared with many other jurisdictions in Canada and the US. In Nova Scotia, over $75 million has been invested by provincial residents into Community Economic Development Investment Funds (CEDIFs). Investment into a CEDIF results in an investor tax credit issued by the province, which incentivizes Nova Scotians to keep a portion of their wealth circulating within their own communities. CEDIFs are successfully financing renewable energy, agriculture and community economic development projects and businesses.

Building on this success, many organizations in BC are requesting that the BC Provincial Government enact legislative and policy changes to enable the creation of community impact investment funds in BC.

A recent policy brief was sent to BC Government Ministers on August 1 2017 including: Minister James (Finance), Minister Donaldson (Rural Development), Minister Simpson (Social Development and Poverty Reduction), Minister Ralston (Jobs). Its recommendations have the support of the BC Co-operative Association, the Union of BC Municipalities, the BC Chamber of Commerce and the Canadian CED Network.

Please express your support for the proposals

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Social Enterprise Demonstration FundThe Ministry of Economic Development and Growth is launching a Call for Proposals for new Social Enterprise Demonstration Fund (SEDF) projects. 

In June 2016, the Ministry launched Ontario’s Social Enterprise Strategy 2016-2021. It outlines priorities and initiatives that will catalyze the development of sustainable and scalable social enterprises in our province. One of the key initiatives of the Social Enterprise Strategy is the Social Enterprise Demonstration Fund, which supports the development of financially sustainable and scalable social enterprises by addressing key challenges, including access to capital.

This is the Ministry’s third round of SEDF projects, and will provide $5.6 million over the next two years to applicants based on a competitive process. The Ministry is seeking proposals from Ontario-based, non-profit organizations for projects that will meet the objectives of one of the funding streams.

  • The Program Guidelines are available online at the Social Enterprise Demonstration Fund website.
  • Applications are due November 13, 2017.

Applications to the program are now open 

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Government of CanadaIn support of the Government of Canada’s commitment to developing a Canadian Poverty Reduction Strategy, the Honourable Jean‑Yves Duclos, Minister of Families, Children and Social Development recently announced members of a new Ministerial Advisory Committee on Poverty, which brings together a diverse group of 17 leaders, academic experts and practitioners working in the field of poverty reduction, and individuals who have experienced poverty first-hand, to provide expert advice on poverty-related issues.

Chosen from over 400 nominations from across Canada and internationally, the Committee members will provide advice and input to the Minister on a range of poverty-related issues that will in turn inform the Canadian Poverty Reduction Strategy. As part of its role, the Committee will act as a forum for information sharing and independent discussion on poverty and poverty reduction.

The Advisory Committee on Poverty is one of the many initiatives that the Government of Canada is undertaking to support the development of a Canadian Poverty Reduction Strategy to improve the economic well-being of all Canadian families. From February to August, Minister Duclos led a nationwide consultation process to engage with Canadians on key issues related to poverty. Canadians were invited to participate in the online discussion to have their say on how to reduce poverty, as well as through in-person roundtables and town hall events.

Follow them on Twitter and Facebook to stay up to date with the latest activities about the Committee’s initiatives to reduce poverty with #ReducePoverty

Members of the Advisory Committee on Poverty

  • Bee Lee Soh, Community Food Champion with the Toronto Food Policy Council​
  • Brenda MurphySocial Justice advocate with the SJ Women’s Empowerment Network
  • Brock Carlton, CEO of Federation of Canadian Municipalities
  • Catherine Ludgate, Manager of Community Investment at Vancity
  • Carole RicherSocial Development advisor for the Maria-Chapdelaine Regional County Municipality
  • Carlos BealsCase Work Manager with Ceasefire Halifax
  • Céline BellotDirector of the School of Social Work at the Université de Montréal
  • Derek CookCanadian Poverty Institute at Ambrose University
  • Éric Lapointe,  Board Member of the Corporation de développement économique communautaire de Québec
  • Indivar Dutta-GuptaCo-Executive Director at the Georgetown Center on Poverty and Inequality
  • John StapletonCommissioner with the Ontario Soldiers’ Aid Commission
  • Joseph J. AmosManager for the Inuvik Emergency Warming Centre
  • Lanna Many Grey HorsesManager of Women and Children’s Services for The Bloom Group Community Services Society
  • Louise SimbandumweCo-Director of Supporting Employment and Economic Development (SEED) Winnipeg
  • Munir SheikhAdjunct Research Professor at Carleton University
  • Nahid AboumansourExecutive Director of Petites-Mains
  • Richard ReevesCo-Director of the Center on Children and Families at Brookings Institute

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Social innovation is a new solution to a social or economic problem which gives better results than traditional approaches. It can improve people’s quality of life through collaborating with new partners, testing creative ideas and measuring their impact. Social finance is a tool that seeks to mobilize private capital for the public good. It creates opportunities for investors to finance projects that benefit society, and for community organizations to access new sources of funds.

Both social innovation and social finance often involve collaboration across different levels of government, charities and the not-for-profit and private sectors to act on a common social issue. This collaborative approach aims to better support communities and improve the lives of those who need it most.

The Government of Canada made the commitment to develop a Social Innovation and Social Finance Strategy to find new innovative approaches that improve the well-being of Canadians.

social development canada - socinn socfinIn order to gather ideas from communities and regions across Canada, the Social Innovation and Social Finance Strategy Co-Creation Steering Group has launched an online consultation. Canadians are invited to share their views through the online engagement before the end of December 2017.

The Steering Group, which was announced on June 8 by the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, and the Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, plays a central role in the co-development of the Social Innovation and Social Finance Strategy with the Government of Canada. By drawing on its members’ broad range of expertise and know-how, and through consultation and engagement activities, the Group will develop policy measures to advance social innovation and social finance, and support the social enterprise sector and the social economy in Canada.

Participate Now

Background

  • Social innovation, social enterprise and social finance have been successfully used in countries like the U.S. and the United Kingdom. For example, in the United Kingdom, government support for social finance over the past five years has helped generate over $1 billion (£600 million) in social investment and grow the domestic social enterprise sector, which now employs 2.3 million individuals.
  • In recent years, the Government of Canada has been exploring social innovation and social finance to increase the effectiveness of its programs. It is already testing new types of partnerships and approaches (e.g. social impact bonds, micro-loans, pay-for-performance and support for social enterprises).
  • Since 2014, several Employment and Social Development Canada grants and contributions programs, including the Homelessness Partnering Strategy and Skills Link, have launched open calls for proposals seeking submissions for innovative projects.

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Social Finance AwardsApplications are open for the Social Finance Awards. These annual awards recognize the people and organizations who are helping to build an impact investing market that works for all.

The winners will be announced at the 10th Annual Social Finance Forum, which takes place at MaRS Discovery District on Nov. 9 and 10.

Building a social finance market takes time and effort but, above all, it takes visionary leadership. To recognize these individuals and inspire others to follow them, MaRS Centre for Impact Investing has created the Social Finance Awards.

MaRS Centre for Impact Investing has partnered with ImpactAlpha, a leading source of news and analysis about impact investing. ImpactAlpha’s Brief (ImpactAlpha.com/TheBrief) provides daily news and actionable intelligence for those building an inclusive, resilient and prosperous future.

The awards are divided into four categories. In three, organizations and individuals can put themselves forward. For the Ewart Newton Award for Social Innovation, you can only nominate someone else.

Submit your Nominations for the Social Finance Awards

RBC Innovating for Youth Award

  • The RBC Innovating for Youth Award will be presented to an exemplary leader in a Canadian incorporated for-profit, not-for-profit or cooperative organization that has created and/or demonstrated significant contribution in addressing key gaps and challenges faced by youth (ages 15-29) in Canada.

Ewart Newton Award for Social Innovation

  • This award recognizes a social entrepreneur (who is a not the founder or CEO) within an organization who displays exemplary commitment, achieves positive impact and applies principles or practices of social innovation, social enterprise and/or social finance. It is awarded jointly by JUMP Math and MaRS.

Impact Investor of the Year

  • The Impact Investor of the Year award will be presented to a Canadian organization or initiative that has created – or demonstrated a strong potential to create – positive social or environmental impact through direct investment. The investments must be into an impact venture, fund or project.

Social Enterprise of the Year

  • This will be presented to a Canadian incorporated for-profit, not-for-profit or cooperative organization that  combines business excellence with positive social or environmental impact and a financial return. Eligible enterprises are those that have been in operation for at least one year, have existing revenues or customers, and are able to demonstrate measurable impact in their target areas.

For more information, contact Muska Ulhaq, Project Manager, at mulhaq at marsdd.com

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Is There Hope for Local Living Economy? from Axiom News on Vimeo.

Like many Transition, and other changemaking initiatives around the world, Transition Town Peterborough (TTP) has been giving some serious thought to how it might scale up its impacts.  Founded in 2007, but built onREconomy principles long before the term ‘REconomy’ was even used, entrepreneurship has always been at the heart of what they do.  One of the group’s founders, Fred Irwin, was recently asked at the group’s annual Purple Onion Festival what gives him hope.  The video above captures his response:  

What kind of thinking and processes might enable a community Transition initiative to really scale up its impact?

TTP is focused on “changing ideas and world views, and the creation of practical demonstration projects”. As a volunteer group, committed to scaling up the Transition model in their community, they are focusing their energy on the following four key strategic areas:

Embedding local moneyEmbedding local money: Approaching the City Council to see if they might take over running of the local currency the Kawartha Loon (see photo below), accepted by more than 110 businesses. At the moment it is backed by the $60,000 thus far exchanged for the currency. If it were backed by the City’s estimated $30 million deposits, the reach and impact of the scheme would increase hugely.

The 25% Local Food Shift: Working with students of the two local post-secondary institutions and a number of not-for-profit partners, including Farms at Work, TTP has published research showing that a 25% shift in spending towards locally-produced food would benefit the local economy, in 10 years time, by $400 million Cdn a year. Having a robust economic case hugely helps making the case for intentional localisation

Broadening the group’s communications

Broadening the group’s communications: Through the Greenzine, the group is always seeking ways to reach more people. A recent shift in messaging “scale” in the Greenzine was the move from a Buy Local publication in support of locally-owned businesses, to a consumer magazine with Living Locally as the theme printed on each page and with one quarterly edition dedicated to the adaptive changes required to Live Locally. The magazine is also carries a strong positive message, a sense of what could be achieved. As TTP’s Cheryl Lyon puts it, “we don’t want the catastrophe to do the work for us”

Reskilling: this is a very successful TTP initiative (in terms of reach). In its seventh year, the Transition Skills Forum invites citizens to host sharing a broad range of resilient and adaptive skills e.g. bread-making, edible wild foods, green building etc. The Forum has been run from the beginning as socially inclusive pay-what-you-can policy of $5 Cdn or KL’s (the local currency) and is sponsored by the local Trent University’s students’ sustainability association.

Scaling up does not aim at making TTP bigger but at having the message of Transition through the interrelated eco-social and economic impacts of climate change understood and acted upon in adaptive, positive and constructive ways throughout the community and by many different groups, not just TTP.  They also know how to party, as this video shows:

Message for COP21: “Localise as much of your economy, as fast as you can. It cuts your carbon footprint in food, it supports continued business in your community, you build community resilience and strength with people helping each other, communicating with each other. You change peoples’ thinking, so that they think more locally, they act more locally.  This may fly in the face of what economists want to hear about growth but it’s absolutely necessary in these transition times”. Cheryl Lyon of Transition Town Peterborough.

Super Hero Spotted at Purple Onion Festival from Axiom News on Vimeo.


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avivaThe Aviva Community Fund helps passionate people like you make positive change in your community.

For eight years, they’ve been putting their money where their business is — investing in charitable community initiatives across Canada, protecting the people and things you love, supporting the causes you care about most, and strengthening your local community. To Aviva, this is just good thinking. They have provided more than $7.5 million in project funding to date, and will donate another $1+ million this year.

It all starts with a great idea.

Submit your idea from September 13 to October 2

New for 2017

They’re celebrating Canada’s 150th year by offering a new challenge to young social entrepreneurs who have ideas focused on the theme of creating Community Legacy!

If you’re between 18 and 25 years old and you have a unique solution to tackling the consequences of climate change or an idea that benefits Canada’s environmental legacy, submit your idea under this category for a chance to win $150,000 in funding and an additional $150,000 above the usual $1 million prize funding.

The power to make a difference is in your hands.

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bc ccopThe BC Co-operative Association applauds the Provincial Government for seeing co-operatives as key to building a sustainable provincial economy.
 
BCCA Board Chair Ben Hyman and Vice Chair John Kay were in attendance at the Budget 2017 Update yesterday where Finance Minister Carole James announced that the forecasted surplus of $256 million in 2017-18 would be used to improve affordability and services, as well as to build a stronger, innovative economy for all BC residents.
 

An excerpt from the Government’s priorities for the BC Budget surplus stated:

“Our first commitment is to make life more affordable …Our second commitment is to deliver the services that people count on…Our third key commitment is to build a strong, sustainable, innovative economy that works for everyone.”

The BCCA commends the Government for restoring the tax benefit for credit unions. The BCCA also applauds the Government for recognizing that housing co-ops are a key component of affordable housing. The BCCA looks forward to working with the Minister of Finance and her colleagues to demonstrate how co-ops support BC as an ideal place to learn, work, live, and invest.

Updates, highlights, and further details on the Budget 2017 Update can be found here

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next upNEXT UP WINNIPEG APPLICATIONS ARE DUE SEPT 22

Next Up was created by a community of people who wanted to help emerging leaders (that’s you!) develop new and better skills, smarts and ideas. The program is intense. Over 6.5 months, we’ll dive into a number of topics and disciplines, combining theory, practice, deep thinking, and hard skills.
We’ll look at how change is made in society. We’ll meet some of the most innovative change-makers in Manitoba — from the non-profit, labour, business and public sectors and from Indigenous, settler and newcomer communities—
who are working for a better world.

Do you wonder what the future holds for our world? Are you concerned about things like climate change, poverty, public health and education, housing and government policy? Do you believe that global and local issues are connected? Do you feel that our economic system is focused on profit at the expense of people and the planet? Do you believe it is possible for us, as communities, to do things differently at home and abroad, to eradicate poverty, to deal with conflict peacefully, to rise to the climate challenge fairly, and to ensure everyone has access to good public health and education services?

If you answered yes to many of the questions above, this program may be for you.

Apply to Next Up Winnipeg

Next Up has a number lenses through which we explore social change.  Lenses include decolonization, anti-oppression and equity. Climate Justice is a key lens for the program as Climate Change is one of the core challenges of our time.  The lenses are used as a grounding point – not every session is about the lenses. The lenses inform how we think about solutions and our approach to social change.

Who should apply? You are:

  • Aged 18–32
  • Passionate about changing the way the world works, and committed to being active at the centre of social change
  • Certain that there are better ways for us to take care of each other and the planet
  • Willing to take a risk, join a team, and learn more about yourself
  • What level of commitment is required from me, and when?
  • By joining Next Up you’re committing yourself to an extraordinarily rigorous and exciting program. The program runs from Oct. to May, 2018 and during that time you will:
  • Attend one week-day evening session 6 – 9 pm per week
  • Attend one day-long weekend session per month (Generally Saturdays from 10-4pm)
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Manitoba GatheringFor as long as I have been working in the field of community development, the CCEDNet Gathering has been an annual event that I look forward to. I attended my first Gathering almost a decade ago; at the time still a university student just beginning to appreciate the importance of community-led strategies for economic, social and environmental resilience and sustainability. The Gathering introduced me to the innovative work being done across Manitoba and the people leading this work in their communities. As a student, the Gathering provided me with valuable connections as well as new ideas about the kind of work I wanted to pursue. Each year, I have returned to the Gathering while working for a number of different organizations in a variety of roles. I always leave feeling more grounded in the work that I am doing and with a renewed sense of purpose after spending the day celebrating the innovation and successes that are being generated in our communities.

The Gathering is often described as a reunion, and it now feels that way to me. Every year I look forward to connecting with former colleagues and mentors, learning about the new initiatives in community development and community economic development and making new connections with people.  I love the range and quality of workshop content – it can often be hard to decide which workshops to attend because they all sound so interesting. More than anything though, I love the sense of community that I feel when I am at the Gathering. Many of us work for small non-profit organizations with limited resources and demanding workloads. Working to address systemic inequities and advocating for social change are long-term projects that at times can leave us feeling drained. There is no better remedy for this than being surrounded by people who share your commitment and passion for  building stronger, healthier and more just communities and being reminded that you are not alone in this work.

Almost 10 years after attending my first Gathering, I have found myself working as the Events and Engagement Coordinator at CCEDNet and helping to plan this year’s event. It has been a privilege to be a part of the planning team and very exciting to watch it all come together. Being an organizer is a bit different than being an attendee – for example, I don’t have to worry about choosing between workshops because I’ll likely be too busy running around to attend any! But it feels pretty special to get to play a role in planning an event that will hopefully leave people feeling inspired, energized and part of a large community of folks who are working together to build a better future for all. There are some incredible workshops planned for this year and I can’t wait to see everyone come together on October 20th!

Registration is open! Find more information here


Jenna Drabble Jenna DrabbleOver the last 10 years, Jenna has worked in different areas of community-based programming, including youth recreation, youth and adult literacy, food security and housing. This diversity of experience has given her an appreciation for the many different ways to approach and understand community economic development. She is thrilled to now be a part of the CCEDNet team.

Jenna holds a BA in International Development Studies from the University of Winnipeg and an MA in Geography from the University of Manitoba. In her research and work at the community level, she prioritizes building relationships, working collaboratively and facilitating meaningful engagement. In her spare time, she is a beekeeper and is working on starting up a small honey business.

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In late 2015, when Prime Minister Trudeau released his ministerial mandate letters, an important commitment was included to develop a national strategy on social innovation and social finance. 

The federal government recognizes that persistent and complex social problems which particularly affect Indigenous people, seniors, youth, immigrants, and women, require new and innovative responses.   With a social innovation and social finance strategy, the government wants to provide better support for community organizations working to achieve positive solutions to entrenched social problems, including those faced by vulnerable populations.

This spring, a Co-Construction Steering Group made up of practitioners and experts from the community, philanthropic, financial and research sectors was announced to co-develop the strategy with the Government of Canada.  After a very busy summer, the group is now beginning consultations on the proposed themes and possible actions that the strategy could address. 

CCEDNet is pleased to partner with Employment and Social Development Canada to offer a consultation on the development of the strategy at EconoUs2017.  

David LePage and Roselyne Mavungu, two members of the Co-Construction Steering Group, will lead the session.

The policies and initiatives that will emerge from the strategy will likely shape the federal government’s support for social enterprise and community investment for years to come, so this is an extremely important opportunity.  Come hear the latest on progress to date and provide your input so that the strategy, which is due to be announced in Spring 2018, will build on the community-led innovation for shared prosperity that is already happening across the country. 

Join us and register now for EconoUs2017!

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sharingWe’ve all heard the stories. Homeless Homejoy cleaners. Uber drivers on food stamps. Grad students Airbnb-ing their extra rooms in gentrifying neighborhoods to cover their own rent.

For all of its promises to increase prosperity and sustainability, the so-called “sharing economy” has a serious dark side. As the sector undergoes explosive growth (25 percent in 2013), it is a force that those of us working to build more equitable and resilient cities need to be engaging with—and helping to shape. Experience shows that new tech platforms will not automatically plug low-income communities and communities of color in to their regional economies. Connecting the most vulnerable to this newfangled form of capitalism in positive, beneficial ways—and preventing the deepening of exclusion—can only come about through targeted strategies, policies, and campaigns.

Now is the time to start thinking creatively about how to bend the nascent sharing economy toward equity. Inclusion is not just the right thing to do—it is the key to building strong companies and sectors and a robust and resilient economy. Business owners, city leaders, workers, and community advocates all have a stake in making inclusion the reality. Here are some questions to start the conversation:

What should we call it?
The sharing economy is the most popular alias for the growing array of app-based tech platforms that connect the buyers and sellers of various goods and services: rooms, rides, funding, housecleaning, clothing, chores, dog-sitting, grocery shopping, copyediting, and more. The collaborative economy, the peer economy, the on-demand economy, and the gig economy are others.

Names evoke powerful frames, and the sharing economy conjures up a warmer, fuzzier form of capitalism that offers more access to goods and services at a lower environmental and financial cost, and without the burden of individual ownership. But as Catherine Rampell notes, calling this digitized version of commerce sharing is “an insult to the intelligence of existing businesses, regulators, and 5-year olds everywhere.” At the same time, the sharing economy is quite diverse, and some segments of it (casual carpools, for example) might actually pass a preschoolers’ sniff test.

On the whole, a better choice might be the “gig economy,” which emphasizes the types of jobs being created by these new online marketplaces: contingent, part-time gigs that offer flexibility and variety but not the regular hours, benefits, or protections of traditional employment. Some 53 million Americans—34 percent of workers—are freelancing to make a living, and that share is expected to grow to 40 percent by 2020.

How can the gig economy create good jobs?
While gig economy CEOs see themselves as unleashing new opportunities for legions of “microentrepreneurs,” workers express growing discontent over the terms of their labor. A key issue is that the gig economy’s online marketplaces are not structured as employers, but as intermediaries that help connect the sellers (who are independent contractors), with buyers.

Many worry that this model transfers too much risk to workers, with too few protections, and could significantly drive down wages and increase economic insecurity. As Robert Reich put it: “There is no economic security, there is no predictability, and there is no power among workers to get a fair share of the profits.”

Glimmers of a higher-road gig economy business model have emerged. Some companies decided that becoming employers who have relationships with their workers, pay them well, provide benefits, and train them to deliver high-quality services is actually a better business model. Others have raised wages and offered benefits.

These are promising developments that hint at a good jobs path for gig economy companies, and finding workable employee-friendly business models is critical. (And perhaps if they truly have a social mission, they could become certified B Corporations.) But in the face of a growing contingent labor force, policies that ensure strong legal protections for workers against wage theft and other violations, a minimum wage that is a living wage, benefits, a strong safety net, and the right to organize will be essential.

Can vulnerable communities participate on fair terms?
Sharing economy businesses promise to make goods and services more available to everyday people, but the reality is that they are often still inaccessible to those who are already excluded economically. Take car-, ride-, and bike-sharing. Low-income communities and communities of color carry the heaviest transportation burdens and could benefit tremendously from flexible, low-cost transportation options. But as a recent study commissioned by Living Cities shows, they rarely use these transportation options and face multiple barriers to doing so, from the absence of facilities in their neighborhoods to the lack of Internet access and more.

Fair pricing is another challenge. There are no neutral platforms in a racially inequitable society, and on the seller side of things, there is a risk that people of color engaging in profile-driven platforms are not on a level playing field. A Harvard Business School study found that New York City Airbnb hosts who are not black charge about 12 percent more than black hosts for comparable properties.

It will take holistic, intentional strategies, policies, and long-term planning to extend the sharing economy to the most vulnerable communities. The Living Cities study concluded that there was no silver bullet strategy to make these systems work for low-income communities, but those that were most successful addressed multiple barriers at once. Equity leader Nikki Sylvestri describes how “accessibility, relevance, and relationship” are crucial.

How will we regulate the click economy?
As the fights over Airbnb, Uber, and Lyft in New York City, Philadelphia, Los Angeles, and dozens of other cities demonstrate, new sharing economy models are shaking up systems of regulation designed for the pre-Internet era. Regulation is the key challenge for the growth of sharing economy businesses, resulting in high stakes and fiery debates.

Equity advocates and community leaders need to be ready to engage in these debates and weigh in with their own ideas and proposals to make the click sector work for inclusive growth. Rapid gentrification in the 1990s gave birth to the community benefits agreement movement. In the face of rapid technological, economic, and demographic transformation, what will the next era of equity policy innovation look like? Those working in and for the most vulnerable communities have important knowledge to bring into these discussions, and need to be at the table.

Originally Appeared on Rooflines, by Sarah Treuhaft, PolicyLink Director of Equitable Growth Initiatives


Sarah TreuhaftSarah Treuhaft is director of Equitable Growth Initiatives at PolicyLink, a national research and action institute advancing economic and social equity. She leads the organization’s work on demographic change and the economy, collaborating with local and national partners on research and action projects that aim to build a more equitable economy. She manages the development of the National Equity Atlas (www.nationalequityatlas.org), a web-based data and policy tool produced in partnership with the USC Program for Environmental and Regional Equity.

*The opinions expressed in blog posts are those of the author(s) and do not necessarily reflect the position of CCEDNet

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