San Diego startup launches new way for people to shop

Earlier this month, the federal Consumer Financial Protection Bureau (CFPB) proposed new rules to regulate payday lending – the business of offering high-cost short-term loans to Americans on terms that many consumer advocates consider predatory.

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.

Jane Cavarozzi, an entrepreneur and activist, started Dirty Girl coffee to “support economic development and women’s advancement in the small, depressed villages around Appalachian Ohio.” She lives in the town of Glouster and is respected for living local and working local, as opposed to being an outsider problem-solver. Though her coffee company is just one small step forward, she works closely with community groups to move economic development initiatives for the region forward.

In small town Nelson County, several economic development initiatives are working to put the region on the map. By promoting cideries, business owners can source apples from local farmers. Breweries, festivals, and hiking have all enticed out of town visitors. The focus on growing the economy while still keeping dollars local has helped the region grow in a sustainable way.

A new park plan in Washington, D.C. addresses systemic racism and inequity in current city infrastructure, digging deeper than traditional urban planning landscapes. The new plan takes into account perspectives from minorities and low-income households to ensure the community space is built by the people, for the people - establishing economic justice along the way. This D.C. park plan is helping people purchase homes, finance businesses and get jobs.

The "Next" Project in Greenville, South Carolina brings local government and companies together to create a business incubator to encourage new startups to launch -- and stay -- in the area. One such business, called the Iron Yard, acts as a sort of code academy, offering a 3-month bootcamp and guaranteeing that graduates of their program will find a job in the industry. So far, they've followed through on that guarantee.

The 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.

As the U.S attempts to reopen, restaurant owners from California to Florida are expanding their restaurants into nearby outdoor space, including sidewalks and parking lots. In doing so, they are able to offer patrons a safer dining environment, as there is more room to keep tables further apart and follow social distancing precautions, and it also helps restaurants earn more revenue than if they were limited to indoor space. Some city governments are streamlining the process, including Brookhaven, Georgia, which made it free to access short-term permits for outdoor dining.

The Hounslow council sent £20 vouchers to every household to help the local economy recover from the COVID-19 pandemic. Households had about two months to spend the voucher, which could purchase products or services at a range of businesses from cafes and cinemas to retailers and laundromats. Retailers can use an app to scan the vouchers and eventually redeem them for payments.

A restoration of Marshall Park has drawn sports tournaments to Ontario, spurring economic activity. The park was built as a community park but community leaders also saw the potential it could provide in driving the economy, especially after the departure of a major local employer.