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  • U.S. town creates local currency to boost coronavirus relief Audio icon

    Facing the economic strain from the financial fallout caused by the coronavirus crisis, Tenino is printing its own money like it once did in the wake of the Great Depression. The small town in Washington has issued at least $2,500 worth of wooden bills to exclusively be used for small businesses on Main Street. Thirteen residents have applied for the funds and $150 have been spent by residents on necessities as of June. Other small towns across the country have already sent inquiries to the mayor of Tenino, seeking to imitate Tenino's effort.

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  • Mosaic Development Partners works to bring people of color into the real estate market

    Mosaic Development Partners (MDP) seeks to create wealth for the black community in Philadelphia by providing affordable housing and creating opportunities in neighborhoods that are considered risky investments for typical real estate companies. The black-owned company has created housing as well as retail opportunities for minority and women-owned businesses who historically have a harder time accessing capital and loans. The company is mission-driven but operates on a for-profit model, finding economic solutions for systemic problems that have kept black communities from creating generational wealth.

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  • UndocuFund SF: How San Franciscans rallied for undocumented immigrants affected by COVID-19

    Community leaders led the charge in raising funds for undocumented workers, who do not qualify for stimulus and unemployment checks during the Covid-19 shutdown which has left millions of people unable to work. A collaboration of people from various groups in San Francisco formed a nonprofit, UnDocuFund SF, raising more than $1.5 million for 705 households. The critical funds were raised through a combination of public generosity, state funding for undocumented workers, a local union, and a large anonymous donation.

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  • Fishermen sell their products at farmers' markets for the first time in Guanacaste

    In Costa Rica, the Guanacaste Chamber of Fishermen, known as CPG launched an initiative to help local fisherman making a living during the pandemic. Most of them sold their product to hotels, but due to the pandemic, 140 hotels closed. The initiative, known as Arroz y Frijoles has helped. CPG buys fish from the fishers, then sell it at the farmers’ markets. ““Fortunately, sales have been constant, we’re getting out a few fishes, around 30 to 100 kilos per night.”

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  • RIP Medical Debt helps poor Americans eliminate medical bills

    Two former debt collectors have teamed up to put their experience and expertise to use paying off medical debts for Americans below the poverty line. RIP Medical Debt is a nonprofit that buys debt in bulk at reduced rates from hospitals. Within five years, $2 billion dollars of debt have been eliminated. The nonprofit has also launched projects researching systemic issues within healthcare and how to solve them.

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  • The housing policy that's turning back gentrification

    A "right-to-purchase" policy has enabled nonprofits to purchase residential buildings in gentrified neighborhoods in order to prevent the displacement of those relying on rent-controlled housing. Mission Economic Development Agency (MEDA) is a Bay Area nonprofit leading the cause to counter gentrification and prevent developers from purchasing residential buildings that house low and moderate-income households. MEDA has purchased and managed 32 buildings and is one of fewer than 10 nonprofits in the area that exercise the "right-to-purchase" policy.

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  • Kindred care: Congolese refugee community takes care of its own, and others, during COVID-19

    Congolese refugees in Cleveland, Ohio have created a security net for the most vulnerable amongst them with the formation of Congolese Community of Greater Cleveland. Prior to the pandemic, CCGC helped Congolese refugees form a general sense of community but now it provides vital translation services for health updates and helps navigate the unemployment application process in addition to cash assistance. Current government initiatives are often inaccessible for those who don't have internet access, lack computer literacy, or don't have a car to access drive-through food banks. CCGC members step in to help.

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  • Ag Sees Some Opportunity in Loss and Chaos With Montana Beef Market

    As the traditional food supply chain is upended due to the COVID-19 pandemic, local food systems in Montana are connecting farmers and ranchers with buyers. The Yellowstone Valley Food Hub, a cooperative that started before the novel coronavirus hit the state, has seen a boom in business since meat plants shuttered. While products at the co-op can be more expensive than ones at the supermarket, the hub has allowed producers to get their meat and produce to customers more directly.

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  • Philanthropies tailor giving strategies to meet pandemic needs

    Ohio philanthropies shifted to a rapid-response model of providing support for the coronavirus. A coalition of 81 philanthropies in Northeast Ohio quickly raised over $8.7 million from more than 2,200 donors and allocated over $6.6 million in grants to 120 recipients. The grants cover Covid19-related needs like PPE, food distribution, and housing. The Tri-C Foundation provided emergency funds to 560 Cuyahoga Community College students, compared to 125 students all of last year. Philanthropy support is small compared to what the government can do, so there should ideally be more public-private partnerships.

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  • Mississippi: Local Groups offer financial aid to black businesses shunned by federal stimulus

    Black businesses in Mississippi are receiving a financial boost from a nonprofit that seeks to level the playing field for rural African-Americans in the state who have historically been overlooked when it comes to federal aid. Higher Purpose Co is a black-led economic justice nonprofit that has raised $400,000 for entrepreneurs and has received over 2,500 applicants. The nonprofit has given up to $5,000 to small businesses with 20 or fewer employees.

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