Third-sector Development: Making Up for the Market
Nonprofit corporations, cooperatives, and credit unions constitute an alternative avenue of hope and action for communities that have come up short in the normal operation of the market economy. These organizations comprise the third sector, which accounts for approximately 10 percent of U.S. economic activity. As part of the fastest growing sector in the economy, these dynamic organizations play an increasing role in strengthening local economies. In the United States, they help to compensate for a state that is, in Gunn's view, relatively disengaged from meeting basic human needs. This book helps move thinking about the third sector beyond traditional nonprofits centered on education, health care, and charity, and into the realm of often smaller, dynamic organizations that engage in collective entrepreneurship. Throughout, Gunn illustrates how organizations founded with little in the way of financial resources have made substantial contributions to economic development and general well-being in the communities they serve and from which they arise. After explaining why local development is a problem in such a wealthy and resource-rich country as the United States, Christopher Gunn profiles more than two dozen organizations ranging from child-care cooperatives to retirement communities, from co-housing "villages" to financial institutions. He also investigates public-policy changes that could strengthen this alternative sector's contribution to economic development.
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activity arts assets Association basic needs building capital CDCUs Center chapter CHCA co-op cohousing community development Community Loan Fund consumers cooperative parks corporations costs created credit unions Dakota Growers donations economic EcoVillage employers environmental farmers federal financial services Food Bank for-profit foundations ganizations GMDC Group Health Cooperative growth GuideStar Hampshire housing income industry initiatives investment Ithaca Ithaca Health Fund Kauai Kendal King County labor living low-income major MASS MoCA membership ment million munity museum National National Cooperative Bank nonprofit organizations North Adams operations owners ownership percent production profit programs rates religious organizations residents revenue role rural sector serve share social surplus space staff third Third-Sector Development third-sector institutions third-sector organizations tion typically United United Jewish Communities urban wages workers