Community development intermediary systems in the United States: Origins, evolution, and functions

Slow money in an age of fiduciary capitalism

“…However, community development organizations in the US are now paving the way for financial intermediation in the slow money sector. As intermediaries, these organizations receive deposits and grants from social and corporate investors and in turn, disburse capital to distressed communities (Liou and Stroh, 1998). Community development financial institutions affiliated with the slow money movement are generating social and environmental returns on investment in agriculture.…”

“…Nonetheless, there are streams of fiduciary capitalism, which are giving rise to localization. For instance, ethically motivated financial intermediaries in the US such as community development organizations have been striving to localize and democratize capital at the grassroots with the backing of social investors (Owen, 1990;Liou and Stroh, 1998). Investment in community development can help enhance local control over land, capital and labor and also enhance local self-reliance (Owen, 1990;Bruyn, 1991).…”

“…Community development financial institutions in the US have spear-headed poverty alleviation projects by providing capital as well as technical assistance, training and project management services (Liou and Stroh, 1998;Walker, 1993). Capacity building is also gaining prominence in slow money circles in the US.…”

Beer, beef, and boards: the role of intermediaries in payment for ecosystem services arrangements in northwestern Montana

“…Carroll 1992) role has been discussed extensively in innovation (Howells 2006 Marvin 2007, 2008;Moss et al 2009), and community capacity (Liou and Stroh 1998;Chaskin 2001) among others. Attention to intermediaries stems from recognition that informal institutions and relationships beyond formal governments matter for governance (Moss 2009), and divisions between markets, civil society, and the state are not clear cut and are more dynamic than assumed in traditional policy analyses.…”

Place-Based Initiatives: Lessons From Five Decades of Experimentation and Experience

“…There is a need to consider such spatially targeted initiatives in the context of larger public policy changes and the forces of the market economy (Dreier, Mollenkopf, & Swanstrom, 2001;Liou & Stroh, 1998;Mack, Preskill, Keddy, & Moninder-Mona, 2014;Nowak, 1997;Turner, 2015). In the early 21st century, place-based strategies continue to evolve and expand.…”