Neighborhood Economics: Crafting Hope through Equity and Inclusion

The Mindful Marketplace with Joel Skene

Stephanie's journey from the picturesque hills of Western North Carolina to the forefront of economic innovation is as remarkable as it is inspiring. Join us for a conversation that's as much about personal resilience as it is about the transformative power of community investment. Stephanie, a former journalist turned economic catalyst, opens up about the pivotal moments that led her from the world of finance to the heart of her local community, where she now pioneers change through initiatives like the Community Equity Fund. Her passion for inclusive growth shines a light on the often-unseen potential within our neighborhoods, proving that economic revitalization is not only possible but also essential.
Our discussion with Stephanie takes a deep dive into the innovative Community Equity Fund, a beacon of hope for entrepreneurs who have historically faced barriers to funding. By offering equity instead of debt, this fund challenges the traditional business financing model and provides a lifeline to BIPOC, women, and LGBTQI+ business owners. The fund’s unique approach, which includes a grace period and capped return, highlights a commitment to equity and inclusion in the startup ecosystem. With insights from Stephanie's own experience and her role at Eagle Market Streets, we uncover how these community-focused strategies are creating ripples of positive impact across the region.
Wrapping up, Stephanie gives us a preview of the upcoming Neighborhood Economics conference, an event that embodies the intersection of faith and finance and celebrates the power of local economies. It’s a gathering that promises to build bridges between diverse communities, fostering economic inclusion and uplifting businesses of color. Her story is a compelling reminder that by investing in people and the places they call home, we don't just change the narrative for individuals like Stephanie—we change the world. Join us for an episode that’s not only about the strategies for community revitalization but also about the stories of hope and endurance behind them.
https://www.eaglemarketsts.org/

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Chapter

1. Invest in Each Other, Change the World (00:00:00)

2. Community Equity Fund (00:12:38)

3. Building Community Wealth Through Equity Investment (00:20:21)

4. Venture Equity and Neighborhood Economics (00:30:12)

5. Bridge Building and Economic Inclusion (00:41:09)