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Want to save your job and make more money? Buy out your boss

Aditya Chakrabortty

March 14, 2018 |

The Guardian |

Text |

1500-3000 Words

Response Location: United Kingdom, Glasgow

The owners of Novograf, a UK-based marketing company, faced a challenge when they were ready to retire. They did not want to sell their company and risk a relocation of the factory, which would take away jobs from the local economy. Instead, they sold their company to their employees. Data shows that employee-ownership leads to higher wages and higher job satisfaction. One year after the transition to employee-ownership, Novograf sales grew by 20%.

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Richland County takes chance with opportunity zones

Tracy Geibel

March 13, 2018 |

Richland Source |

Text |

1500-3000 Words

Response Location: United States, Mansfield, Ohio

Many cities have the potential to prosper under the 2017 Tax Cuts and Jobs Act, which created “opportunity zones” to increase investment in “distressed” areas. To maximize the potential for local investment, the Richland County Community Development Group united key players to ensure census tracts in the county would be considered. Though the opportunity zone program is in its early stages, Richland County led all the preparation work for local cities to receive big business investment for years to come.

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Issuing Bonds to Invest in People

Tina Rosenberg

March 06, 2018 |

The New York Times |

Text |

1500-3000 Words

Response Location: United States, New Haven, Connecticut

In cases where funding is short for social programs, social impact bonds are becoming an increasingly appealing funding mechanism. Private investors and philanthropic institutions invest money upfront to fund a social program; if the program shows measurable success, the investors gain their original investment plus interest. A key example is in Connecticut, where a social impact bond was set up to expand the Family Stability Pay for Success Project. By spending money on prevention, investors and governments save money later.

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Cash Payments During Crisis Can Give Women More Power at Home

Danny Lee

February 27, 2018 |

News Deeply |

Text |

800-1500 Words

Response Location: Jordan, Mafraq

To maximize help in humanitarian crisis situations, there is a trend for NGOs to provide cash payments specifically to women. This acts as a stipend beyond traditional humanitarian aid programs. Not only does the cash payment method offer financial independence for women, but it has also been shown to decrease gender-based violence. Success has already been shown for Syrian refugees in Jordan. However, it is important to anticipate potential problems with cash transfers and be prepared for those consequences as well.

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Is 2018 the Year of the Public Bank in America?

Aaron Fernando

February 27, 2018 |

The Progressive |

Text |

800-1500 Words

Response Location: United States, Los Angeles, California

The Bank of North Dakota, the only public bank in the United States, has weathered financial crises and provided financial stability to the state. Now, in 2018, many municipalities across the United States are looking at North Dakota’s success, as well as success in countries such as Germany, and gathering the support needed to start their own public banks. In Los Angeles, a group called Revolution LA is making substantial progress toward creating a local public bank that will also help support green energy.

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Since 2007, Peru has saved more than 350,000 kids from being stunted

Jack Graham

February 15, 2018 |

Apolitical |

Text |

1500-3000 Words

Response Location: Peru, San Isidro

Peru formerly had one of the highest rates of stunting in South America, with chronic malnutrition affecting more than 1 in 4 children under five. Thanks to results-based budgeting and a government-wide commitment to fighting child poverty, the country has halved that rate, improving the long-term health and cognitive development of its youngest citizens.

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How one community beat the system, and rebuilt their shattered streets

Aditya Chakrabortty

February 14, 2018 |

The Guardian |

Text |

1500-3000 Words

Response Location: United Kingdom, Liverpool

Eleanor Lee is one of many women leading the charge to restore the Granby neighborhood in Liverpool. The few households that remained inhabited after the neighborhood was forgotten came together and formed a community land trust. This major step allowed them to get private development funding. Now, the Granby area is offering affordable housing and attracting business back to Liverpool.

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How a private company is bringing affordable houses to Indian Country

Mark Fogarty

February 05, 2018 |

High Country News |

Text |

800-1500 Words

Response Location: United States, Kansas City, Missouri

A private company called Travois acts as a bridge between tribes and private investors in order to help make affordable housing more accessible in tribal homelands across the West. The company brings investors to tribal land and, in turn, helps to attain tax credits for investments in this land.

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From Bozeman to Bend, how two cities are responding to growth

Katheryn Houghton

February 04, 2018 |

Bozeman Daily Chronicle |

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1500-3000 Words

Response Location: United States, Bend, Oregon

Bozeman, Montana can look to Bend for a creative mix of solutions that tackle the issue of affordable housing. As both mountain towns increase in size, Bend has been successful at finding innovative ways to ensure affordable housing remains as average home prices rise. By placing a small fee on building permits, Bend has created a pot of money to ensure housing stays affordable for those who need it most.

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How Preston took back control

Aditya Chakrabortty

January 31, 2018 |

The Guardian |

Podcast |

Over 15 Minutes

Response Location: England, Preston

The city of Preston, northern England, models a new local procurement plan after an initiative in Cleveland, Ohio that keeps money spent by large community institutions, like hospitals and schools, within the local economy. By focusing the chain of supply and demand within the community through co-ops and credit unions, the city of Preston saved £75m that goes back into the local economy.

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