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Trinidad seizes artist pursuits as economic development strategy

Carla Jean Whitley

August 02, 2018 |

Glenwood Springs Post Independent |

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1500-3000 Words

Response Location: United States, Trinidad, Colorado

One small town in Colorado has spurred economic development by implementing a strategy that focused on the revitalization of creative industries. As a result, Trinidad, CO, has seen a twofold increase in lodging tax income and restaurant sales tax as well as a drastic increase in profits from commercial building permits. Local artists recognized the potential Trindad could have as a creative district and brought the plan to city officials who were eventually able to take advantage of state programs and collaborate with a nonprofit to generate creative business, revitalizing the local economy as a result.

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Investing in Local Business to Get an Even Break

Courtney E. Martin

July 31, 2018 |

The New York Times |

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1500-3000 Words

Response Location: United States, Baltimore, Maryland

The Business Alliance for Local Living Economies, known as Balle, encourages a “localism” approach to decrease wealth disparities. By hosting a fellowship program to share best practices as well as encouraging philanthropic foundations to invest their endowments in mission-aligned organizations, Balle as served 121,650 small businesses and worked with philanthropic leaders representing over $8 billion in assets.

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Developer tests a new way to fund housing for the homeless: private financing

Doug Smith

July 19, 2018 |

Los Angeles Times |

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800-1500 Words

Response Location: United States, Los Angeles, California

In an attempt to increase housing for the homeless in L.A. in a financially sustainable way, FlyAway Homes has started several projects to build homeless housing supported by private investment. Fifty six investors will get a return, though not a large one, on the 9-unit property that will house 32 homeless individuals. This model is more efficient than when a non-profit organization builds homeless housing, and more properties under FlyAway Homes will show if the model is in fact sustainable.

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'I Know How Far I Can Go': Black Entrepreneurs Overcome Challenges In Brazil

Catherine Osborn

July 13, 2018 |

NPR |

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800-1500 Words

Response Location: Brazil, Salvador

A start-up accelerator in Salvador, Brazil is aiming to support black-owned businesses through its business incubator resources. Dende Valley, named as a nod to Silicon Valley, is an accelerator that prioritizes and trains black entrepreneurs to combat systemic racism and lack of opportunity in Brazil. There were 107 applicants for 30 spots this year, and the company expects to triple availability next year as people look to take advantage of their programs.

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To Combat Gentrification, One City Is Changing How Homes Are Bought and Sold

Lornet Turnbull

July 13, 2018 |

Yes! Magazine |

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800-1500 Words

Response Location: United States, Buffalo, New York

The city of Buffalo is beginning to gentrify, and long-time residents are trying to stop it and keep housing affordable. Under leadership of locals and with support from city officials, the new Fruit Belt Community Land Trust aims to develop a strategic plan and find ways to keep housing in the hands of community members for the next 99 years. Though there is some opposition from people who want to maintain the value of their homes, the land trust leaders are hoping to demonstrate the value that collective action can add to their neighborhood.

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Sex, taboos and #MeToo - in the country with no word for 'vagina'

Libby Hogan

July 12, 2018 |

The Guardian |

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800-1500 Words

Response Location: Myanmar, Yangon

The Myanmar-based organization, Strong Flowers, is providing men and women with sex and gender education. Teaching such classes in a notoriously conservative culture can be challenging, but founder Dr. Thet Su Htwe and her curriculum on gender roles, menstruation, gender-based violence, and reproduction have been welcomed.

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Global Investors Find Value in a Small Bank in the Deep South

Oscar Perry Abello

July 11, 2018 |

Next City |

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800-1500 Words

Response Location: United States, Little Rock, Arkansas

Southern Bancorp is a regional bank based in Little Rock, Arkansas and is a member of the Global Alliance for Banking on Values. Founded after the financial crisis in 2009, the Alliance shows that values-based banks, especially those that are putting a higher proportion of funds toward loans in their own communities, outperformed more traditional large banks. Southern Bancorp is doing just that by investing in loans for local business owners and municipal bonds to benefit the cities in which they operate.

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When traditional banking isn't an option, try this out instead

Anne Hillman

July 11, 2018 |

Alaska Public Media |

Radio |

5-15 Minutes

Response Location: United States, Palmer, Alaska

In Alaska, the Knik Tribe’s Community Development Financial Institution is offering financial opportunities to individuals in low-income communities who wouldn't have them otherwise. The organization, and others like it, are working to retain families in rural Alaska while providing the financial resources necessary for them to succeed.

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How philanthropy breathed new life into a forgotten Salford suburb

Helen Pidd

July 04, 2018 |

The Guardian |

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1500-3000 Words

Response Location: United Kingdom, Salford

A multi-millionaire has poured money into his home suburb of Irlam, buying up empty stores, funding public art projects, and supporting the town center, sports center, health clinic, and train station. Employment is up, but this model of urban renewal raises ethical questions and may not be easily replicable.

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A unique nature insurance policy aims to preserve Mexico's Great Mayan Reef

Shay Meinecke

June 29, 2018 |

Deutsche Welle (DW) |

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800-1500 Words

Response Location: Mexico, Cancún

Coral reefs can dramatically reduce the power of a wave's energy, making the impact of severe storms (such as hurricanes) less devastating. In order for this to work, however, the coral reefs have to be healthy. In Mexico, the government and The Nature Conservancy have collaborated with a reinsurance firm, reef engineers and oceanographers to figure out how to create an insurance plan that uses tourism dollars to guarantee reefs will restored should they be harmed.

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