Artwork stating 'Education Destroys Barriers', 'We Demand Treatment', and 'I Need A Chance'

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  • The Black Immigrant Women Who Bought a Minneapolis Mall

    Oscar Perry Abello

    February 20, 2024 |

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    Response Location: United States, Minneapolis, Minnesota

    Ignite Business Women Investment Group and the nonprofit African Career, Education & Resources Inc. (ACER) are working together to raise funds to collectively acquire commercial real estate for members of the group and other small businesses — particularly those owned by African immigrants — in the community. Joint efforts allowed members to acquire and revitalize an old strip mall, providing retail space for local small business owners.

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  • Can Guaranteed Income Prevent Gentrification?

    Oscar Perry Abello

    May 30, 2023 |

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    1500-3000 Words

    Response Location: United States, Louisville, Kentucky

    The city of Louisville, Kentucky, partnered with community organizations to launch a guaranteed income program for young adults. The program distributed monthly $500 payments to participants for one year with no strings attached to help ensure financial stability, reduce community violence, and combat displacement.

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  • Local Social Impact Investors Are Pulling Chicago Out Of Junk Bond Status

    Oscar Perry Abello

    May 02, 2023 |

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    Response Location: United States, Chicago, Illinois

    The city of Chicago is offering municipal bond investors — specifically those interested in ESG investing — opportunities to fund social projects like planting 15,000 trees in historically disinvested neighborhoods over the next three years, converting motels and single-room buildings into housing for people transitioning out of homelessness and replacing the city’s gas-powered vehicles with electric.

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  • The Coworking Space Putting Black Moms' Startup Dreams First

    Oscar Perry Abello

    March 07, 2023 |

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    Response Location: United States, Baltimore, Maryland

    A coworking space in Baltimore focuses on making it easier for Black mom entrepreneurs to grow their businesses by offering affordable, on-site babysitting.

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  • This Community-Controlled Real Estate Co-Op Is Proving Its Value

    Oscar Perry Abello

    December 20, 2022 |

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    800-1500 Words

    Response Location: United States, Oakland, California

    California’s East Bay Permanent Real Estate Cooperative is run by residents of local historically redlined communities and supported by investors who receive moderate returns to keep rent prices affordable. The cooperative was formed to give those involved a say in decisions they were typically left out of and allows them to serve existing residents and businesses instead of trying to attract new ones.

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  • These Local Governments Are Using Federal Aid to Cancel Medical Debt

    Oscar Perry Abello

    November 22, 2022 |

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    Response Location: United States

    With funding from city governments, the nonprofit RIP Medical Debt acquires and cancels medical debt by negotiating directly with hospitals. The only requirement is being under 400% of the federal poverty line and no application is necessary.

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  • Co-Op Owned by Formerly Incarcerated Women Embarks on Next Step, Thanks to Surprising Money Source

    Oscar Perry Abello

    June 29, 2021 |

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    Response Location: United States, Chicago, Illinois

    A worker-owned cooperative in Chicago got the financial boost it needed to secure a commercial space for expansion through a city fund. The Chicago Community Trust allowed ChiFresh Kitchen to make their business plan a reality while simultaneously reducing the blight caused by vacant, dilapidated commercial buildings.

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  • Local Platforms for Online Food Delivery Are Eating the Big Guys' Lunch

    Oscar Perry Abello

    June 15, 2021 |

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    Response Location: United States, Lexington, Kentucky

    Locally owned restaurant delivery platforms charge lower commissions than national giants like GrubHub, allow customers to order food on smart-phone apps, and have found ways to be profitable while also keeping money in local economies. While platforms differ by locale, cooperative models are increasingly popular. For example, Delivery Co-op in Lexington, KY provides customers with unlimited deliveries for a monthly fee, charges participating restaurants a flat monthly fee, and pays drivers a base salary plus tips, with benefits kicking after three months of full-time work and profit-sharing after one year.

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  • This Federal Program to Aid Restaurants and Street Vendors Is Working

    Oscar Perry Abello

    May 25, 2021 |

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    Response Location: United States, San Francisco, California

    In just its first few weeks of existence, the U.S. Small Business Administration's Restaurant Revitalization Fund approved more than $6 billion in aid to 38,000 restaurants and other food vendors suffering economically from pandemic shutdowns. The aid program's rollout was more effective than the Paycheck Protection Program in 2020, in that it successfully targeted businesses owned by women, veterans, and "socially or economically disadvantaged people." It was helped in outreach to businesses by organizations such as Mission Economic Development Agency and New York's Street Vendor Project.

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  • San Francisco's Filipino Cultural District Keeping Hope Alive After a Tough Year

    Oscar Perry Abello

    May 18, 2021 |

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    Response Location: United States, San Francisco, California

    “UNDSCVRD SF," funded by the SOMA Community Stabilization Fund and produced by the nonprofit Kultivate Labs, is a night market held once a month from July to November that features a range of Filipino vendors. There were over 35,000 attendees in 2019 and it generated $300,000 in sales. It also serves as a testing ground to select businesses for Kultivate Labs’ SEED Accelerator Program and grantees for the SOMA Fund. The former provides bootcamps and one-on-one support for Filipino-owned businesses that are located in, or would like to be located in, a permanent space within the SOMA cultural district.

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