Stories

Economic Development

  • Justice in the Time of Coronavirus

    This article appeared in Nonprofit Quarterly on March 27, 2020.

    When the Mary Reynolds Babcock Foundation grasped the severity of COVID-19 and its likely impacts on the people and places we care about, we began to brainstorm things within our power to mitigate the harm. We asked our grantee partners about the pandemic’s implications on their work. We asked the leaders of...

  • Protect the Community Reinvestment Act

    UPDATE: The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation have extended the deadline for public comment to April 8.

    The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are proposing drastic changes to Community Reinvestment Act regulations that would weaken CRA’s ability to target...

    Durham, NC, redlining map
  • 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