1. CENTER FOR SOCIAL VALUE CREATION SMITH EXPERIENCE: COMMUNITY WEALTH BUILDING PRACTICUM SARA HERALD, ASSISTANT DIRECTOR October 1, 2014

2. Community Wealth Building Practicum  Learn about the worker cooperative business model  Work collaboratively across disciplines to start real businesses with transformative social implications  Cultivate relationship-building and leadership skills  Apply project management principles in real, dynamic situations  Present your work to multiple stakeholders across the public, private, and nonprofit sectors

3. Community Wealth Building? A new approach to Economic Development that:  promotes broader ownership of capital  anchors jobs locally  stops the leakage of dollars from communities  supports individual and family wealth building  reinforces stewardship  leverages anchor institutions for community benefit  contributes to local economic stability

4. BUILDING COMMUNITY WEALTH TO TRANSFORM CLEVELAND AND CHANGE LIVES EVERGREEN COOPERATIVE INITIATIVE Create Jobs Generate Wealth for Residents Stabilize Neighborhoods

6. Bringing it to Baltimore: Background  2013: Initial research conducted  90 anchor and stakeholder interviews  40 potential business ideas generated  Spring 2014: First practicum (MBA/MSW)  Initial feasibility studies on 12 business ideas  Basic community outreach  5 ideas recommended for further analysis  Fall 2015: Cultivating a vision  Legal research on worker cooperatives in MD  Collaborative proposal

7. Bringing it to Baltimore: CWB Practicum  Work with business, law and social work students, along with a local community partner, to lay the foundation for one of the following businesses in West Baltimore:  Greenhouse  Furniture Recycling/Refurbishment  Compost Collection, Processing, and Sales  Interior Property Demolition  Stormwater Management

8. Logistics (4 credit experience)  3 teams of 6 (2 business, 2 law, 2 social work)  6 MBA slots total, likely mix of FT and PT MBAs  Mixture of class time and independent work  Business launch plan for one business per team  Financials, capital requirements, financing options  Site identification and regulatory requirements  Identifying and educating community workforce  Presentation to wide array of stakeholders  Possibility for summer work

9. THANK YOU FOR YOUR TIME TODAY! sherald@rhsmith.umd.edu P.S. Get Connected to CSVC facebook.com/creatingvalue twitter.com/creatingvalue blogs.rhsmith.umd.edu/creatingvalue www.rhsmith.umd.edu/svc