Nowak Lab Director Bruce Katz releases Towards a New System of Community Wealth
Report argues for a paradigm shift from community development practices to innovations in helping communities build equity
October 27, 2019
Nowak Metro Finance Lab Director Bruce Katz released Towards a New System of Community Wealth on Sunday in advance of his appearance at CityLab 2019 in DC this week. Co-authored with Ross Baird and Daniel Palmer of BluePrint Local and Jihae Lee, a Harvard Kennedy School student and Lindy summer intern, the report examines the paradigm shift from siloed community development toward emerging, innovative multidisciplinary organizational models of building community wealth. The report advocates for combating the parasitic economy by adopting local strategies to help community members build equity while challenging institutions and investors to adopt holistic investment portfolios supportive of community wealth creation. The report was produced through a collaboration with BluePrint Local and Accelerator for America and was funded in part by the Blank Foundation, Kauffman Foundation and Mastercard.