Heard on the Street – here’s what we were reading last week:
Miracle on the Mystic: Chelsea, Everett, and the New American Dream: Research published last year showed with heartbreaking precision that where we grow up can have profound influence on our prospects for moving up the economic ladder. A few neighborhoods north of Boston are starting to show modest, but promising gains that go against that research.
Albuquerque’s Economic Development Department Is Underlining ‘Local’: Albuquerque’s Small Business Office is taking steps to redesign policies and practices to support the majority of people in Albuquerque who are Hispanic, black and indigenous, as well as other people of color. As part of that, the Mayor is shifting city government procurement dollars going out of state to local suppliers, and conducted a listening tour to understand the barriers facing small businesses.
Ford Foundation’s Darren Walker: How to save capitalism from itself: Meet the CEOs, workers, activists, thinkers, policy wonks, and class traitors leading the way toward a more equitable, humane, and democratic economic system that works for the many and not the few.
Can the Rebirth of a Negro League Stadium Revive a Distressed City?: Paterson, N.J., plans to restore Hinchliffe Stadium, which once played host to Negro leagues baseball, and turn it into a museum and a multisport facility. An architectural gem and a symbol of perseverance amid racial injustice, it became a casualty of this economically distressed city’s more pressing needs.