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How Can Communities Do It?

by | Nov 7, 2024 | Place Based Capital

Originally written by Meaghan Burkett, posted in LinkedIn.

For several years we’ve been asking some big questions… how do communities increase locally-led development, unlock local and sustainable sources of funding, establish and govern community-owned enterprises, assets, services that reinvest benefits back into the community they serve and build financial wellbeing and more inclusive, equitable and resilient local economies? How do governments, impact investors, philanthropy and the for-purpose sector support communities in a way that builds financial wealth, empowerment and self-reliance?

And now we have some good answers …

Communities do it!

By strengthening existing and establishing new mindsets, behaviours, practices, vehicles, organisations, structures and systems that are designed to do this.

And external partners, like government, business, philanthropy, the for-purpose sector and others, work with communities and each other to help them do this.

Together with the Place Based Capital Network, we’ve developed a roadmap, supporting resources and tools and identified over 100 solutions that communities and their partners can apply to build a local capital foundation that serves them. So that communities have the money, assets, resources and power they need to drive their own development and address pressing challenges like housing, inequity and transitioning to a sustainable, circular economy.

And now we’re excited to put this roadmap, resources, tools and solutions into the hands of communities and partners that want to work with them.

Join us for the first session in the series – The Fundamentals of Place Based Capital. More information here.

Explore the full learning series here.