Community Capitalism: Rediscovering the Markets of America's Urban Neighborhoods
1997. The American Assembly
This 1997 American Assembly issued a report urging business leaders to reinvest in urban areas in the United States, with support from nonprofits, community members, and government officials. The 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.”