Buffalo News — It’s a persistent problem in Buffalo and other cities: disproportionately fewer bank branches in lower-income neighborhoods, prompting some residents to turn to high-cost alternatives to obtain capital.
A Broad-Based Coalition Urges NYS to Appropriate $25 Million to Community Development Financial Institutions in Face of Trump’s Proposal to Zero Out Federal Funding.
The Laura Flanders Show — On this week’s Laura Flanders Show, our Co-Director Sarah Ludwig discusses the community-based work being done to counter the Trump administration and create lasting, transformational change.
A diverse group of 59 organizations from throughout New York State request a $25 million appropriation to fund the New York State Community Development Financial Institution Fund (NYS CDFI Fund).
NYC Dept. of Consumer Affairs, Press Release – The report is the product of a year-long collaboration between DCA and a team led by New Economy Project to define neighborhood financial health and offer a set of goals and indicators for a financially healthy neighborhood.
This episode, we focus on the payday lending industry’s most recent attempt to legalize high-cost predatory lending in New York. We feature a conversation with New York State Assemblymember Yuh-Line Niou about the importance of standing up for strong consumer protections as a matter of racial and economic justice. We also sit down with New Economy Project’s Campaigns Director, Andy Morrison, to discuss a vision for financial justice for New York City’s communities.
Yes! Magazine — “It’s kind of fundamental to their mission,” says Deyanira Del Rio at New Economy Project, an organization that seeks to build democratic local economies by supporting a range of cooperative enterprises. “Not just helping people tap into financial services…but creating opportunities to purchase owned homes and have real economic roots [in the neighborhood]…to help combat some of the forces of gentrification.”
US Federation of Worker Cooperatives — On Thursday, June 26th the New York City Council will vote to approve the city’s annual budget, which contains a $1.2 million initiative to fund the development of worker cooperatives.
Joint report summarizing opportunities to create a resource and advocacy hub to support cooperative economics in NYC. New Economy Project issued the report with Lower East Side People’s Federal Credit Union, NYC Network of Worker Cooperatives, SolidarityNYC, and The Working World.
YES! Magazine — Chokwe Lumumba was an unlikely candidate for high office in Mississippi. But last June, the former Black Nationalist and one-time attorney to Tupac Shakur was elected Mayor of Jackson. He’s now in hot pursuit, not of big box stores or the next silver bullet solution to what ails the state’s capital city. He wants to create worker-owned cooperatives and small-scale green businesses and to invest in training and infrastructure. It’s the program of change he ran on in the election: local self-reliance.