Opportunity Zones and Inclusive Community Development: New Money + Meaning Podcast Recorded Live in Baltimore

For any community development initiative to achieve the desired positive outcomes, impact investors must design with communities instead of for them. Opportunity Zones, even with the recent criticism, are still seen as a way to drive investments that will build wealth and create social impact in marginalized communities. How can the great community development work that is being done at the local level be connected with big top-down policies like Opportunity Zones? This episode, recorded live in Baltimore, features a cross-sector panel of community leaders, investors, and OZ experts exploring inclusive community development.

Driving Impact in Opportunity Zones at the Kresge Foundation on Episode 27 of SOCAP’s Money + Meaning Podcast

The new Opportunity Zone legislation is expected to drive billions of dollars of investment into low income communities around the country. Yet, with limited oversight, this capital has as much potential to harm communities as is does to benefit them. In an effort to set a precedent for transparency in this new space, the Kresge Foundation has recently committed $22 million to two Opportunity Funds in exchange for higher levels of reporting and accountability. In this episode, Rip Rapson, President and CEO of the Kresge Foundation, and Kresge Social Investment Officer Aaron Seybert discuss the innovative way the foundation is working to shape OZ investment.

How Cooperatives Build Community Wealth on Money + Meaning: Recorded Live at SOCAP 365 Baltimore

Cooperatives hold incredible promise to build wealth in marginalized communities and reduce the racial wealth gap but myths and misconceptions about alternative ownership models are common. Many lenders and investors are skeptical of cooperatively-owned businesses or find them too “risky” to qualify for investment. This episode, recorded live at a SOCAP 365 event in Baltimore, is a panel discussion about the promise of the cooperative model to create social and economic change, including frank observations about the challenges that often prevent these businesses from securing investment or achieving success at scale.

Democratizing Community Development: An Interview with The Boston Ujima Project on SOCAP’s Money + Meaning Podcast Episode 2.6

What happens when the people who live and work in a community are able to pool capital then collectively decide how to use those funds for the betterment of everyone in their community? The Boston Ujima Project is answering that question by blending grassroots organizing with finance to build an equitable, community-based local economy. In this episode, Lindsay Smalling sits down with Aaron Tanaka and Lucas Turner-Owens of The Boston Ujima Project about how their project evolved, how they are using the power of cross-sector collaboration to solve challenges and build wealth at the local level, and the impact they are seeing in the communities they serve.