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Watch Senior Economic Justice Correspondent Oscar Perry Abello in conversation with Angela Dowell, Chief Financial Officer at Chicago Community Loan Fund — the latest in Next City’s Bottom Line Conversations webinar series. In our last edition of Bottom Line Conversations, we talked about how the landscape for community-controlled real estate has changed (or not changed). One theme that emerged was the tension of perceived versus actual risk. For a project that is community-owned, or perhaps more broadly a project where the developer or sponsor is something or someone who doesn&rsq...

News that Patagonia’s ownership was transferred into a perpetual purpose trust has sparked so much conversation that it even trended on Twitter. But misinformation spread along with it.  Next City first reported on the model in 2019 and has covered its iterations. So what exactly is a “perpetual purpose trust” and how can it work for businesses both small and large? We’ve assembled a panel of the experts behind this movement. These leaders are making businesses that serve their communities instead of investors. One bakery in the Bay Area adopted a perpetual purpose...

From Philadelphia to Chicago, the push for public banking is gaining momentum. Advocates still have some serious questions to confront.

Black retail spaces across the country are worth an aggregated $171 billion less than they should be worth, simply because they are located in majority-Black neighborhoods, says a new report. What does that actually mean?

Join Next City's Senior Economic Justice Reporter, Oscar Perry Abello as he and other experts set the record straight about perpetual purpose trusts.