Community Capitalism: Rediscovering the Markets of America's Urban Neighborhoods
In many of America's urban areas, capitalism is the great unrealized ideal. This 1997 Assembly claimed that national corporations and local entrepreneurs have an unprecedented opportunity to create markets, new profits, and new communities. These areas are major untapped domestic markets and filled with business opportunities.
The Assembly's report called for improved access to capital (especially through equity investment) and set out crucial components of the future New Markets initiative that were discussed in the White House and in Congress. Vice President Al Gore, in support of the conference conclusions, stated that, “The greatest untapped markets in the world are right here at home, in our distressed communities.”
The Washington Post noted, “…Community Capitalism has become a movement on Capitol Hill and in corporate offices, at business schools, and in city halls.”