OpenIDEO - How might we restore vibrancy in cities and regions facing economic decline? - Inspiration - "Strategic Philantropy" and ethical local banking.

The Challenge

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How might we restore vibrancy in cities and regions facing economic decline?

Inspiration 894 inspirations

Concepting 329 concepts

Applause 329 final concepts

Refinement 20 final concepts

Evaluation 20 final concepts

Winning Concepts Announced!

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Mission #1

Explore Vibrancy

Share your definition of what vibrancy looks like where you live. Find out more...

Mission #2

Share Stories

Tell us about the cities and communities you know are currently struggling or in the process of revitalising.

Mission #3

Get Active

Take some time to get active and explore your own community – then report back what you learned. Find out more...

Mission #4

Collect Insights

Interview someone living in a struggling city or region to learn more. Find out more...

Mission #5

Surprise Us

Got an Inspiration that doesn't fit the other Missions? Find out more...

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Mission #2 Share Stories

"Strategic Philantropy" and ethical local banking.

Some banks are running investment and philanthropy programs that aim to improve their communities. Provide tools and support to neighbourhood leaders. Bank of America has a Neighbourhood Builders program that can really inspire this challenge.

Banks are starting to learn a very important piece of the puzzle for their own survival. I cant say it better than this myself:
"The rationale was straight-forward: thriving neighborhood groups create more vibrant places to live and work, which translates into a better environment for lending and investing."

http://blogs.hbr.org/cs/2011/11/a_case_study_in_strategic_phil.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+harvardbusiness+(HBR.org)

This inspiration builds on some of the others mentioned and adds the programs of bank of america and triodos-bank.

This is them:

http://www.triodos.es/es/particulares/

(sorry for the spanish)

and

http://www.bankofamerica.com/foundation/index.cfm?template=fd_neighborbuilders

They aim to provide both money and leadership training, the focus is right and its obtaining great results. A model that we can follow.

Mission #2 Share Stories

Comments

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Paul van Zoggel

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April 19, 2012, 07:30AM

Triodos is going fast at the moment. If we can help these type of banks to get a grip on the 'digital value' in neighborhoods/cities/highways, we would make serious progress on microfinancing digital social ventures.

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Meena Kadri

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November 16, 2011, 09:25PM

Nice one, David – and interesting to note banks adapting their offerings in this way. Oh – and we have loads of Spanish collaborators + for everyone else there's Google translate ;^)

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