The Sustainable Economies Law Center (Law Center) is proud to be a sponsor of ComCap17, a national conference on community capital being held in Monterey, CA, September 10-13, 2017. Leaders and changemakers in the community capital movement will come together in Monterey to discuss and share knowledge, tools, and strategies for harnessing the collective wealth of a community and increasing access to capital.
Check out the conference schedule to see all of the exciting and timely topics on the conference agenda. For example, our Executive Director, Janelle Orsi, is a keynote speaker and will talk about The New Meaning of Equity, and our State Policy Director, Christina Oatfield, will be participating in a working group titled Why California Doesn't Have A Crowdfunding Law? Let's Make it Happen. Janelle and Christina will both be participating in a panel discussion on Financing the Legal Food Economy-Farms to Fisheries. And that is not all--the Law Center is holding a Community Capital and Legal Cafe, modeled off our popular Resilient Communities Legal Cafe, during which participants will have an opportunity to chat with us about raising community capital for their community-based or cooperative enterprise ideas.
We are excited that so many of our collaborators and supporters are scheduled to be there too, including: Marco Vangelisti, Founder of Essential Knowledge for Transition; Kim Arnone, Brian Beckon, and John Katovich from Cutting Edge Capital; Michael Shuman, Economist, Author, and Law Center Advisor; Arno Hesse, Founder of Credibles, Amy Cortese, Author and Founder of Locavesting.com; and many more.
Feeling inspired to hear and connect with this jam-packed schedule of speakers? Come join us in Monterey, CA, September 10-13, 2017.
Get 25% off the full conference pass when you purchase your ticket HERE!
By Christina Oatfield, Policy Director //
After the 2008 economic recession, banks were more conservative about lending and the general public was more aware of the flaws in our financial institutions and related regulations. Since then, small businesses, start-ups, nonprofits, investors, and ordinary folks with modest savings have shown growing interest in fundraising strategies such as crowdfunding, crowdinvesting, direct public offerings (DPOs), and community capital. These strategies all involve raising money from a large number of supporters, through donations or investment dollars from the business owner's friends and family, customers, and members of the broader community who want the business to succeed. Community members who have a personal interest in or see the value of a local business are often willing to take more risk or a more modest return on their investment than would a financial institution or investment professional who seek to maximize profits above all else. This is just one reason why beginning farmers might find community capital attractive.Read more
Even if you have plenty of hobbies, you might want to consider adding this one: Making policy. Our studies show that spending even a few hours per month shaping local or state policy can significantly improve the health and happiness of your local community. Sustainable Economies Law Center has a whole project dedicated, more or less, to this slogan:
By Chris Tittle, Director of Organizational Resilience //
At a recent Oakland City Council meeting, Wilson Riles, a community leader and former City Councilmember, reminded us why Wall Street is so-called: it actually had a wall built around it in the 17th century to keep out Native tribes displaced by early colonists.
It’s also worth remembering that Wall Street was the site of New York City’s first slave market, and the first modern financial instruments were developed to collateralize Black bodies in the Trans-Atlantic slave trade.Read more
By Sue Bennett, Sustainable Economies Law Center staff member //
Last year, the Sustainable Economies Law Center brought together a group of five community composters from around California in a monthly phone call, creating a small, but powerful, California Community Compost Coalition. These amazing individuals are transforming the ways their communities manage food and yard waste, and they are helping California comply with a mandate to divert organic waste from landfills. Yet, these compost entrepreneurs have been encountering many frustrating legal barriers, prompting them to take action at the city and state level. Already, they are demonstrating that – even without policy advocacy experience – people can shape law and policy when they get organized and speak up!
Photo by Brenda Platt, Institute for Local Self RelianceRead more
By Christina Oatfield, Policy Director //
We believe that community land trusts (CLTs) are an underrated yet critical solution to the housing crisis, not only in the Bay Area but pretty much everywhere. They need more attention, funding, and other forms of support, such as government policies and programs to nurture their development.
What is a CLT and why are these organizations so great? Here’s an excerpt from an op-ed I wrote about CLTs last year:Read more
By Charlotte Tsui, Staff Attorney //
A Call to Action
Late last year, in response to AB 2883 and its adverse consequences on worker cooperatives, Sustainable Economies Law Center put out a call to our cooperative network in California to convene a working group whose primary objective would be to change the law to be more responsive to worker cooperatives. Worker-owners from seven different worker cooperatives responded to the announcement, including The Cheese Board, Drought Smart Cooperative, Niles Pie Company, Three Stone Hearth, Arizmendi Bakery, Home Green Home, and Echo Adventure Team.
Even with little or no experience in policy work, the worker-owners who enlisted arrived brimming with energy, ideas, and a strong desire to hit the ground running. By the end of the first meeting, participants had divided responsibilities and self-assigned to different committees.Read more