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Transform Finance is a research, education, and implementation partner that supports all stakeholders to challenge legacy investment approaches, seed transformative investment models, and build movement power.
Alternative Enterprises use business structures that provide and ownership over business to non-investor stakeholders. There's a wide range of these kinds of models: different Employee Ownership models, companies held in Perpetual Purpose Trusts or with other Steward Ownership structures, those co-governed by multiple stakeholders, and those that use a wide variety of legal and technological structures to shift power away from investors towards workers and communities.
We're talking to investors, business, and field builders to learn about how these different models work, and how they're financed. We're developing a typology of Alternative Enterprises and then providing a toolkit for investors. Please reach out if you are a practitioner in Alternative Enterprise!
The CRA requires banks to serve the credit needs of communities where they take deposits, including low- and moderate-income communities, but even after major reforms, many inequities that CRA is supposed to address have barely budged. In May, the three agencies responsible for administering the CRA released a Notice of Proposed Rulemaking (NPR), representing the most significant changes to the CRA regulation and exams since 1995. To strengthen the original commitment of the CRA to improving the lives of underserved and over-extracted communities, we urge the agencies to codify and deepen formal mechanisms for public engagement, drawing on our work with Participatory Investing.
