From Investing in What Works for America's Communities
Miller starts from the proposition that, contrary to the anti-poverty strategy that has prevailed since after World War II, poverty today is not marginal; it is built into the economy and unless we reinvent the economy, we will not make much of a dent in alleviating poverty. And the key to a new economy is jobs that generate steady income—at least one per household. The HB Heron Foundation will be putting all its assets, including its endowment, its human assets, and it convening capacity, to work in this endeavor. It will invest, through all available instruments and means, to build the equity of entities that will add jobs that combat unemployment and persistent poverty. This is an experiment, but experimentation is necessary to learning how to reinvent an economy that eliminates, rather than produces, poverty.
Author: Clara Miller, F. B. Heron Foundation
Date of Publication: August, 2012
Last Updated: August, 2012