Economic development

MSME Resilience: A New Framework for the New Normal

Blog

Micro, small, and medium enterprises (MSMEs), which are the socio-economic backbone of most countries, have been disproportionately affected by the COVID-19 pandemic. 

Governments, development agencies, philanthropic foundations, and corporates have all announced several short-term measures to support MSMEs. Most of these welcome interventions are, however, largely stopgap arrangements at best. For the most part, they do not address the medium-term structural challenges and the fundamental vulnerabilities to future stresses that MSMEs will continue to face.

Leveraging Sustainable Fashion to Achieve Economic Self-Sufficiency

S&P Global virtual volunteers support NYC nonprofit Custom Collaborative in its mission to help women from low-income and immigrant communities develop their fashion industry skills.
Press Release

For some, fashion is style, clothing and design. For Custom Collaborative, a NYC-based workforce development nonprofit, fashion is the path towards empowerment, self-sufficiency and success.

Freeport-McMoRan’s Greenlee County, Arizona Community Investment Fund Awards $169,000 in Grants

Press Release

February 20, 2020, /3BL Media/ - The Greenlee County Community Investment Fund recently selected the recipients and awarded more than $160,000 in grants to local communities and non-profit organizations.

The Greenlee County CIF is overseen by a committee of community leaders assembled by the Freeport-McMoRan Community Partnership Panel, to identify and address community needs in health care, education, environment, economic development and transportation.

Caterpillar's Support for Economic Development

Article

Caterpillar and its products support economic growth around the world, both in developed countries, where aging networks need improvement, and emerging regions, where new infrastructure is required. The company's products help ensure that investments in transportation, energy, telecommunications, waste and water infrastructure produce maximum benefits. Read more about how Caterpillar supports these investments. 

A First Step for Place-Focused Foundations

Three ideas for getting started as local impact investors
Blog

by Travis Green, Solutions Consultant, LOCUS Impact Investing

Comerica Bank Announces Record $100,000 Donation to Winner of 2019 Comerica Hatch Detroit Contest

Largest bank employer in Metro Detroit doubles down on small business in the Motor City
Press Release

DETROIT, June 7, 2019 /3BL Media/ - Comerica Bank, the longest-serving bank in Michigan for 170 years, is excited to announce a new, $100,000 donation to the winner of the 2019 Comerica Hatch Detroit Contest. The record amount in startup funds will go toward opening a brick and mortar business in Detroit, Hamtramck or Highland Park. In addition to Comerica’s $100,000 investment, the bank will also double its organizational support to Hatch Detroit with a supplementary $40,000 donation. 

U.S. Conference of Mayors, Wells Fargo Announce 2019 CommunityWINS® Grant Program

$1 million commitment in 2019 shared by 8 nonprofits to support neighborhood revitalization, economic development and job creation in local municipalities
Press Release

SAN FRANCISCO and WASHINGTON, January 28, 2019 /3BL Media/ - The U.S. Conference of Mayors and Wells Fargo today announced the 2019 CommunityWINS® grant program, aimed at accelerating neighborhood revitalization, economic development and job creation in municipalities across the U.S., with a $1 million commitment by the Wells Fargo Foundation.

New LNG Facility Is Helping to Bring Clean Energy to the World

By Christen McCluney
Blog

In a ceremony held on Thursday, November 15, Cheniere Energy celebrated the production of the first LNG from its Corpus Christi Liquefaction plant in Texas.  The project will continue through commissioning to deliver the first cargo of LNG at the first greenfield LNG export facility in the United States in nearly 50 years.

Sustainability, Commerce and Economics: How to Create the Right Balance – Andy Hoffman Quoted in Business Today

We may be losing the war against climate change, as we fail to approach sustainability-related issues in the right manner.
Article

In a recent article 'The Invisible Hand Won't Solve the Climate Crisis. Capitalism Must Evolve', US professor Andrew J. Hoffman well articulates the perils of global unsustainability and the need to redefine the role of corporation and market.

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