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  • Building a Black-Owned Food Ecosystem in Detroit

    Programs like Motor City Match and Grown in Detroit help entrepreneurs launch Black-owned food businesses in Detroit. The businesses sell healthy foods in neighborhoods often lacking in nutritious options or in the infrastructure needed to support startup businesses. The supportive programs offer grants and training that have nurtured dozens of new businesses, which themselves have formed a supportive network among their peers.

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  • How agency banking aids financial inclusion, reduces unemployment in Nigeria

    An alternative to traditional banking and ATMs is gaining popularity in Nigeria. Point of Sales centers bring banking services to people in both urban and rural settings, promoting financial inclusion and accessibility. The new way of banking has helped small businesses and rural Nigerians in addition to creating many jobs for POS agents as demand has skyrocketed.

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  • Building a Just Energy Future in Michigan

    After the 2008 economic recession hit, Carla Walker-Miller shifted her energy services business model to not only supply electrical equipment but also implement energy efficiency programs for communities of color in Detroit. She has been able to service 75 households, which has resulted in energy bill savings up to $600 a year for families. The company also has a robust recruitment and training program for young people and those experiencing economic hardship.

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  • Philly should offer rewards for shopping local like they do in Akron, Ohio

    Shoppers who are given financial incentives to spend their money on mom and pop stores are boosting local economies. The city of Akron created an app, Akronite, to incentivize local business after the fallout from Covid-19.

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  • The Power of Local Money for a Thriving Local Economy

    Financial incentives to shop at local markets and stores help boost local economies. The Co-op Cred program in Toronto allows people to work for credits that can be redeemed at participating businesses.

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  • Penn class helps the formerly incarcerated launch their own businesses

    The University of Pennsylvania's Restorative Entrepreneurship Program helps formerly incarcerated entrepreneurs plan a business launch with the help of teams of students from the schools of law, business, and social work serving as advisors. Success in business can help formerly incarcerated people avoid return trips to prison. Similar, longer-running programs in other states have helped their clients beat the recidivism odds. Clients of the Penn program received useful advice, but no startup capital, as they seek to start their own businesses.

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  • Local Platforms for Online Food Delivery Are Eating the Big Guys' Lunch

    Locally owned restaurant delivery platforms charge lower commissions than national giants like GrubHub, allow customers to order food on smart-phone apps, and have found ways to be profitable while also keeping money in local economies. While platforms differ by locale, cooperative models are increasingly popular. For example, Delivery Co-op in Lexington, KY provides customers with unlimited deliveries for a monthly fee, charges participating restaurants a flat monthly fee, and pays drivers a base salary plus tips, with benefits kicking after three months of full-time work and profit-sharing after one year.

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  • Co-ops are democratizing the food chain

    The food-supply business is known for exploitative pay and poor working conditions. But Brooklyn Packers, a Black-owned cooperative launched in 2016, pays its owner-workers and vendors fair wages and is founded on traditions in the Black community of food sovereignty and mutual aid. Those values paid off at the start of the pandemic, when demand for fresh produce deliveries exploded. Brooklyn Packers retooled its business model to meet the demand, showing that a non-hierarchical business can move quickly.

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  • Cities Are Boosting the Economy by Rewarding Those Who Shop Local

    Akron, Ohio, is “creating a circular economy” in hopes of helping small businesses and encouraging residents to shop locally. A city-sponsored app, Akronite, is used by consumers to make purchases and earn reward points which can be redeemed for discounts and other perks. The app’s success is clear in the high return on investment, which shows $9 generated for every dollar invested by the local government. Other cities across the country are also adopting the initiative, tweaking it to their own communities.

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  • Sew it goes: The Sewing Machine Project stitches lives back together

    The Sewing Machine Project has helped thousands of people who rely on sewing as a livelihood. The organization refurbishes used sewing machines and sends them across the world. For some recipients, access to their own sewing machine can result in economic mobility and an improved quality of life.

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