To fight poverty in Africa, a new-old solution: cash handouts

Too often socially useful businesses end up failing because they get ahead of themselves and end up not being profitable. Companies now can select from an 'opportunity map' of ventures that serve the poorest individuals, and are more likely to be profitable and sustainable.

Across the country, projects that mine landfills for reusable metals and soils are underway. Can such mining prove profitable enough to spur similar efforts on a grand scale? So far, some projects have seen profits while others have not. But as society increasingly values pollution and greenhouse gas reduction, incentives for refuse mining can only grow.

A collaborative funding organization called the Runway Project gives loans to primarily Black entrepreneurs in the Oakland area. The initiative aims to address racial disparities in startup capital by reducing the financial risk of starting a business. The program also includes personalized support as a "wrap around" approach to the lending process.

From North Carolina to California, states and cities are taking a new approach to fines and fees – people are having their charges dismissed, warrants for minor offenses cleared, and many municipalities are actually saving money by spending less on collections. With a system that was built because it provided cities and states with revenue, there has been a realization that it disproportionately targets communities of color and often keeps people stuck in cycles of debt. With this national awakening, resources and networks are being created so other places can implement the same change.

Norway has been able to have a productive relationship with oil companies, while, at the same time, retain control over resource development and grow its resource revenue. Through the country’s culture of local control and indigenous governance, its resource revenue is over $1 trillion and helps pay for some of the country’s social programs; a model that could be potentially work in other places around the world.

Refugee women arriving in Brazil have been able to achieve financial independence through the work of an organization called Women of the Global South, an organization that provides women with the tools and skills to sell textiles. In addition to providing entrepreneurial skills, it also helps refugee women with transportation, classes, sewing machines and even provides cash for emergencies and help getting in touch with family members they have been separated from.

To help essential workers navigate the notorious traffic of Bogota, the city built over 50 miles of an emergency bike network. The plan was in place before the arrival of coronavirus but the execution was sped up to meet the demands of increased bike usage. Other measures were also put into place to make the roads more bike and pedestrian-friendly: Reduced speed limits for cars, a 20 percent increase in private parking for bikes, and a bike registration system to deincentivize bike theft. Efforts to expand bike lanes not only eased traffic, they also helped relieve pressure on the overcrowded bus system.

Philanthropies are funding “tough tech” startups that are developing technologies to cut greenhouse gas emissions and mitigate the effects of climate change. Since 2014, the nonprofit Prime Coalition has channeled more than $24 million from wealthy donors and foundations to 10 ventures focused on that goal. Not all of their investments, though, have paid off. Yet, some of these initial investments could lead to widespread solutions to the world’s climate crisis.

A startup is making buildings more eco-friendly by converting their energy needs from oil and gas to electric heat pumps. BlocPower is a Black-owned clean tech startup that provides a no money down lease option, making it financially accessible.

Grants for women living in refugee camps have helped recipients start businesses and learn new skills, allowing them to improve their quality of life. Additionally, the women created an informal cooperative and take turns investing a percentage of proceeds from each successful business into another member’s business.