Will the L3C Rescue Small Town America?

Thursday, October 22, 2009

I'm excited about the new Michigan L3C (Low-Profit Limited Liability Company) legal structure and it's vast possibilities for community development.

The L3C is now legal in all 50 states as a result of legislation signed into law in Vermont on April 2008, Michigan on January 2009 and the Crow Indian Nation on January 2009.  Created by Robert Lang, CEO of the Mary Elizabeth & Gordon B. Mannweiler Foundation, the L3C removes the barriers to Program Related Investments (PRI) that have faced private foundations, greatly increases the total funds in the charitable pool and creates a way to induce investors wary of the stock market to invest in the future of their own communities.

Almost everything you would wish to know about the L3C structure and its possibilities can be found at the Americans for Community Development website.  Check it out.

Is this the bridge between private and public that will repair crumbling physical, social and economic resources?  If so, how will we take advantage of this opportunity in our small community?

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Home Run Events: Innovative Ideas for Community Revitalization by Roberta (Bobbie) Stacey is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License


Youth & Rural Revitalization

Actively engaging youth and their families toward both personal fitness and community involvement will slow drain of rural population migration to urban areas.

One of the ways this youth engagement is accomplished in Delta County, Michigan is through family-oriented, community health and fitness events. See The Salvation Army Home Run as an example.

About this Blog

Home Run Events is a forum for solutions that create Sustainable, Healthy, "Inclusive", Neighborhood Environments (SHINE) in our communities - beginning with the homeless.

We aspire to relocalize rural economies through affordable net-zero energy housing, local organic agriculture and financially self-sufficient social services programs.

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