It is a California-based non-profit that envisions "a global system of human-scale, interconnected local economies that function in harmony with local ecosystems to meet the basic needs of all people, support just and democratic societies, and foster joyful community life."
What is community capital, you may ask?
BALLE describes it as financial wealth that exists within a region and which is harnessed to support local, community-serving businesses and organizations, and keeps this wealth re-circulating for the benefit of the whole community. The types of community capital that BALLE is considering here include: gifts, grants, loans, equity, credit enhancement, pre-sales and other. In a 20-page guide it introduces its readers to the basics of community capital, including:
- Sources of financial capital
- Tools for deploying capital,
- Investment Offerings and Community capital Platforms,
- Glossary of Financial Terms
How can this report benefit you? Perhaps there are sources and terms of financial capital you never knew about? Have a read and find out!