Stories

Economic Development

  • Community Economic Development in South Carolina: Our History, Our Progress, Our Future

    In 1994, the South Carolina Association of Community Development Corporations was established by four local community development corporations to advance the interests of their industry. But the state’s community economic development industry truly got its start when residents rallied to help each other rebuild after devastation. The organization has since renamed itself South Carolina...

    Bernie Mazyck
  • Community Economic Development is Social Justice at Work

    All too often, economic development excludes community members from the decisions affecting where they live, strains local resources and siphons financial returns to outside developers with no accountability to the community. There is a better way, one that provides communities with the infrastructure and support they need to access capital, address their needs, grow thriving businesses, build...

  • Creating new opportunity for communities with innovative lending

    This article originally appeared as a blog post by Virginia Community Capital.

    In 2016, Fahe, a regional Network, financial intermediary, and CDFI, received $50 million in loan awards from the USDA Community Facilities Relending Program to pursue its mission: ending persistent poverty in Appalachia. Among its numerous initiatives, Fahe sought to build several...

    Fahe
  • Reasons to celebrate 2018

    We won’t sugarcoat it: 2018 was a tough year. The words of abolitionist Frederick Douglass frequently came to mind: “This struggle may be a moral one, or it may be a physical one, and it may be both moral and physical, but it must be a struggle. Power concedes nothing without a demand. It never did and it never...

    Project South
  • Advancing Racial Equity With State Tax Policy

    This post is adapted from one that originally appeared on the Center on Budget and Policy Priorities' website . The Center is a nonpartisan research and policy advocacy institute, and one of the Babcock Foundation's grantee partners.

    States and localities can do more to help undo the harmful legacies of racism and the damage of continuing racial bias and...

    States Can Use Tax Policy to Advance Racial Equity