Toronto Neighbourhood Centres

Inclusive Economies

Doughnut Economics graphic
Illustration from Kate Raworth Exploring Doughnut Economics

 

Toronto Neighbourhood Centres is engaged in a number of initiatives to explore the ways in which our agencies can support people working together to build a more collaborative and caring economy.

Over the coming years Toronto Neighbourhood Centres will be exploring the possibilities of creating a TNC Community Investment Fund. Our proposed Neighbourhood Equity project will enable our network to align their strategies for investing organizational assets in ways that improve the economic inclusion of residents living on low incomes. The project will develop inclusive investment toolkits for nonprofit organizations, identify models for shared/pooled investment mechanisms, pilot agency-supported community investment initiatives that hold the most promise of increasing economic inclusion, and document the policy frameworks and partnerships that would enable these neighbourhood investment initiatives to be sustained, replicated and expanded in our communities. In this work, we hope to amplify our TNC Decent Work initiatives with efforts to identify practices of Decent Investment.

Alongside this community investment work, we will continue our collaboration with the City of Toronto and United Way Toronto to raise the profile of the nonprofit sector’s contribution to our local economy, and develop new policies and partnerships to expand our city’s local and collaborative economy as a means to improve economic resilience and equity.

We are also supporting the work of the Parkdale People’s Economy project, and will help to popularize their holistic economic, environmental and social development planning framework, and innovative community land trust initiative, as a support to other neighbourhoods across our city seeking to build more inclusive local economies.

See this recent article by TNC executive director on How social service agencies can help build a collaborative and caring economy.