The Northwest Side Community Development Corporation: Transforming the Approach to Creating Positive Economic Impact in Distressed Communities

In this issue of Profitwise News and Views, we hear from a Milwaukee community development organization (CDC), the Northwest Side CDC, about its business model transformation from one of acquiring, developing, owning and managing property – and near failure – to a vibrant, but leaner organization focused on leveraging partnerships and collaborations to bring about community redevelopment. We also hear from Indianapolis about the Legacy Project, which will bring about significant community assets in the city’s Near East Side neighborhood due to the efforts of the Local Initiatives Support Corporation chapter in Indianapolis. Finally, we get an overview of the first of three symposia dealing with inner city workforce development, which took place at the Chicago Fed on June 20, 2011.