Raton, a town once surrounded by eight coal mines, now has a main street of boarded-up buildings. There is reason for optimism as the town diversifies its local economy, betting on "a mix of small manufacturing businesses, health care and specialty services, and hospitality for travelers" to endure the sudden decline in mining revenue. Its calculated revitalization may hold lessons for other towns.
Read MoreWith the prices of solar technology dropping and the opportunity to save drastically on energy usage and costs, businesses and organizations across the country are investing more in solar infrastructure for their buildings and facilities. The Better Buildings Initiative of the US Department of Energy is helping by providing guidance and documenting effective approaches and financing for renewables installations - from hotels, to schools, to big box retail.
Read MorePomegranate Kitchen in Wellington, New Zealand employees refugee women from around the world. The kitchen, which operates collaboratively rather than in a hierarchy, encourages these chefs to grow their cooking and managerial strengths as well as overcome cultural boundaries in order to become financially independent.
Read MoreThe Firstbuild "microfactory" in Louisville, Kentucky is one of many businesses across the country that, rather than focusing on giant consumer bases, aims to close the mind-to-market gap by investing in small, niche markets. This business model helps products get on shelves faster, reduces large capital investments, and reduces competition by honing in on specific, moderately sized markets.
Read MoreMosaic Development Partners (MDP) seeks to create wealth for the black community in Philadelphia by providing affordable housing and creating opportunities in neighborhoods that are considered risky investments for typical real estate companies. The black-owned company has created housing as well as retail opportunities for minority and women-owned businesses who historically have a harder time accessing capital and loans. The company is mission-driven but operates on a for-profit model, finding economic solutions for systemic problems that have kept black communities from creating generational wealth.
Read MoreA program at the Gdansk Shakespeare Theater in Poland is creating job opportunities for people with Down syndrome after partnering with the city and a local foundation that supports job training and coaching for special-needs individuals. The project has not just benefited the participants – patrons of the company as well as other businesses are realizing "that people with Down syndrome who have the appropriate skills can prove themselves at work."
Read MoreFrustrated by a tight labor market, two locally owned Grand Rapids employers discovered the virtues – economic, not just moral – of hiring formerly incarcerated people, whose gratitude for an opportunity translated into excellent performance and less risk of adding to rapid turnover. The employers helped guarantee success by paying for support services that made post-prison transitions easier. The employers then talked hundreds of other local employers into doing the same. Besides providing a business advantage, the program changes lives and is evidently contributing to much lower rates of recidivism.
Read MoreThe Flight of the Angel attraction has helped the area to create more jobs and improve the economy through tourism. In 2007, when the attraction opened, there were only two restaurants and two hotels in the city. But now, there are about 50 bed and breakfasts, eight restaurants and over 130,000 visitors annually.
Read MoreWith an influx of COVID relief money, the Russellville school district began hiring and certifying more local, Spanish-speaking staff to help teach English language learners. Districtwide, the percentage of students who met their language proficiency goals increased from 46% in 2019 to 61% in 2022.
Read MoreThe Nusantra Fund provides financial support directly to community-led projects in Indonesia. The aim is to improve the livelihoods of Indigenous and local people while tackling climate change impacts and protecting biodiversity.
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