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generate social or environmental returnor doing wellthat is: make a financial return. There are indeed many investments where social or environmental goals dont harm earnings (and, arguably, even improve earnings). As one firm states , investors do not have to choose between doing goodi.e.
Politicians are influenced by money as much as or, frankly, often much more than votes, and publicpolicy is the product of calculating trade-offs between the two. Policy changes without accompanying operational support and infrastructure are like trees without roots.
Despite their best intentions, minority deposit institutions (MDIs) and communitydevelopment financial institutions (CDFIs), like other small banks, simply lack the capital base to close the racial gap. The Push for Public Banks Today, more public banks are being launched and planned.
Additionally, Duranti-Martinez points out, “Community ownership also means that the people most impacted by racial, economic, and environmental injustice have meaningful decision-making power over development” (7). Paul, tells Duranti-Martinez, for publicpolicy to go beyond funding community ownership “experiments.”
Nelson Colón of the Puerto Rico Community Foundation, and Clara Miller, president emerita of the Heron Foundation—come from philanthropy. Worker-owned co-ops and benefit corporations are additional publicpolicy frameworks for a just economy. The drug epidemic has devastated our most poverty-stricken communities.
Typically, a one-megawatt solar array can power at least 400 homes for a year at a cost of about $4 million—making this cost-prohibitive to most communitydevelopers. What are some practical strategies for building local capacity and breaking a colonial mindset around community energy production?
Legal justice, environmental justice, racial and social justice. The report also highlights some of the economic impacts: Native peoples, communities, and enterprises are excluded from philanthropy, investments, capital, and banking, and other economic systems. Credit: Zoe Urness (Tlingit Alaskan Native and Cherokee).
As was noted in NPQ back in 2018, FCPRs approach on power, community organization, civil society, and racial equity sets it apart from the more established philanthropic approach focusing on strengthening large, established institutions. REBIA emerged out of this institutional commitment to racial equity.
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