Move Your Money

Move Your Money

Our economic choices matter. Even if we don’t have the outsized wealth of Jeff Bezos or Bill Gates, there are consequences to how we spend and invest our money.  Choosing a local bank is one of the easiest ways to support our local economy. Thinking locally is about more than spending your dollars locally. It’s…

Why bank local? 

Community banks and credit unions are embedded in local communities, rely on strong customer relationships, and understand the needs of local people, businesses, and markets. Here are four great reasons to bank local (adapted with gratitude from the Institute for Local Self-Reliance).  1. You’ll get the same great services for lower costs.  Most locally owned…

Neighborhood Trusts

Local Return supports the recommendation made by the Rhode Island Foundation’s Make It Happen: Investing in Rhode Island’s Future committee to invest $50 million of American Rescue Plan Act funds in neighborhood trusts. A neighborhood trust is a collection of funds, controlled by members of the community for the long-term benefit of the community. This…

Community Conversation with Lanre Ajakaiye

Lanre Ajakaiye is president and CEO of 25 Bough Street Development. He is also the first person in Rhode Island to do a Regulation CF crowdfunding campaign, a fundraising strategy made possible by the JOBS Act of 2012 which allows non-accredited investors to contribute.  “It’s a pathway for unlocking the community and the network, and…

Community Conversation with John Santos and Philip Trevvett

Are you a member of Urban Greens Food Co-op, the consumer-owned grocery store located on Cranston Street in Providence? Perhaps you’re a stock holder. Or maybe you’re just wondering why Urban Greens never ran out of toilet paper early in the pandemic. Urban Greens opened its doors in the summer of 2019, after years of…

A $2.6 billion downpayment

How Rhode Island could use ARPA money to build community wealth and resilience Congress passed the $1.9 trillion American Rescue Plan Act (ARPA) to “help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery.”[1] The ARPA consists of over 84 unique programs distributed across…