Dec. 3 : What is this Commons Transition anyway?

For Dec. 3 — If you’re stretched for time, you can read this abbreviated version by Michel Bauwens with a focus on the Main Points.

Are you a Steward of the Chicago Commons? Are you uncertain what that means? Do  you want to  learn more so you know whether you are?

Join us for a discussion of a Chicago Chamber of Commons and understand more about the Commons transition at Sulzer Library Dec. 3, 2015. We’ll be reading and discussing the Commons Transition: Policy Proposals for an Open Knowledge Societya free downloadable e-book, featuring  three newly updated Commons Transition plans by Michel Bauwens, John Restakis and George Dafermos. For a short introduction read notes from Bauwens talk at Cooperation 2015,   my blog post on the Chicago Community Trust On the Table event and notes from the Oct. 10 event.

Dec. 3, 2015
7:00pm  to 8:30pm
Sulzer regional Library

4455 N. Lincoln Avenue
Chicago IL 60625
(312) 744-7616
sulzerregional@chipublib.org

Millions of voices spotlight the problems facing our world while collegial visionaries join forces to create systemic solutions to these problems. Our intention is that the Chicago Chamber of Commons will honor and support these stewards doing this essential work in our home town.

A group of us who met recently to discuss the idea of the proposed Chamber have agreed that it would be helpful to bring people together to understand exactly what the Commons Transition is, how that dynamic is underway here in Chicago and where a proposed Chamber of Commons might fit within that dynamic.

A report from our October 10, 2015 gathering at the Institute for Cultural Affairs shows a draft timeline of steps toward formation of a Chamber. Among the initial and ongoing steps is a map of the many Chicago organizations who are doing important and essential work around the Commons. The Chamber of Commons asks the question — What do these stewards need so their work can continue unabated and uninterrupted? The follow-up question is — How can a proposed Chamber of Commons help to meet those needs?

We anticipate that reading and discussing the Commons Transition Plan will help us understand the strategic need for a Chicago Chamber of Commons within the landscape of Chicago’s stewards’ needs.

It’s a time of year when  we know that everybody is busy with their own family, work and play so we’d be honored if you’d join us. Once again, here’s the link to the free e-book for your reading convenience.

Please register here so that we know who’s coming.

Chicago Chamber of Commons

IMG_3955

Here’s an intriguing idea I’d like you to join me in exploring.

The idea is to create a Chicago Chamber of Commons.

The Chicago Chamber of Commons recognizes, supports and highlights the green shoots of Chicago’s budding Generative Economy.

We see signs of it everywhere but we’ve not been using a framework to understand what we are seeing so we can better support it.

In her book, “Owning our Future,” Marjorie Kelly discusses the Generative Economy.

Continue reading Chicago Chamber of Commons

The L3C from A to Z, June 6, 7 at NU’s Kellogg School, Levy Entrepreneurship Center

Americans for Community Development is hosting its first conference exploring the intricate financial and legal aspects of the L3C with true experts in the field. As Liaison for the Media Working Group for ACD, I’ll be hosting a conversation with others in the journalism field about the possibilities of an L3C newsroom. This is an everything you ever wanted to know about L3Cs, what they are and how they relate to 501(c)3s and the whole concept of social enterprise and sustainable social change.

The L3C (Low-profit Limited Liability Company) is a hot topic in the nonprofit sector that up until now has only received minimal attention at all the nonprofit conferences and meetings. It may change the way socially beneficial services are delivered. It may represent a whole new paradigm in private public partnerships. And it may finally bring substantial amounts of market rate investment dollars into the social sector.

Americans for Community Development and The Levy Entrepreneurship Center of the Kellogg School of Management at Northwestern University have partnered along with Supporting Sponsor Council On Foundations to present the first conference devoted exclusively to the L3C.

Do you work in the charitable sector, an economic development agency, a foundation, a government agency, social finance,
healthcare? Are you interested in how we can do more with less from government, while rebuilding our infrastructure? Is social enterprise your thing? If any answer is yes, you need to be in Evanston, Illinois June 6th and 7th, 2011.

For additional information or questions
Karen Woods: (231) 578-0905
Janice Lang: (914) 248-8443

To register, visit the ACD website.

Chicago Social Venture Forum at Booth

Social Venture Forum

News of a Chicago Social Venture Forum at University of Chicago from long-time colleague Linda Darragh at Booth.

In 2010, Chicago Booth teamed with the Foundation Source to launch the first-of-its-kind Social Venture Forum, which aims to offer private foundations new opportunities and techniques for social enterprise investing. Foundations learn how to further their social mission while generating financial return by deploying philanthropic capital in innovative ways. If your social venture seeks funding, we encourage you submit an application to the Chicago Social Venture Forum. Please see the application and rules (PDF). All submissions are due to Erika Mercer [ Erika.mercer AT chicagobooth.edu ]by September 20, 2010.

Learn more at the Polsky Center.
Continue reading Chicago Social Venture Forum at Booth

Sally Duros on Chicago Tonight, future of news and what’s happened since

After I wrote a series of articles for the Huffington Post on the promise of a mission-based news room L3C and the struggles of Chicago’s nascent news blogosphere I was invited to serve on a committee hosted by the Chicago Community Trust. With our input, the Chicago Community Trust in conjunction with the Knight Foundation and the MacArthur Foundation decided to develop a seed fund to fortify the city’s emerging news streams.

I was fortunate to land some consulting clients later in 2009 that lined up my work life squarely with my passion. That passion, to bring journalistic writing standards to the web and to bring the Web’s innovations to newsrooms – has absorbed my life for the past 20 years. I’ll be writing about that in columns to come.

One of my new clients was Andy Shaw, former Channel 7 news reporter and new Executive Director for Chicago’s Better Government Association. Together we developed a strategy and series of proposals for the BGA’s online presence. The other client is LISC-Chicago, whose anti-poverty and community development work is stretching the boundaries of community based multimedia. LISC-Chicago is also working in partnership with other news rooms like that of the Chicago Reporter and Catalyst to build a hyperlocal news bureau.

It was a year ago [March 31, 2009] that the Chicago Sun-Times declared bankruptcy and I was on a Chicago Tonight segment discussing the future of news in Chicago, the L3C mission-based newsroom and the state of the Sun-Times newsroom. Much has happened since then. The Sun-Times was bought by James Tyree and a group of investors. The Chicago Tribune unveiled its Chicago Now blog group. The Chicago News Cooperative, a “possible” news co-op and “maybe” L3C was unveiled. And Geoff Dougherty’s flagship NPO newsroom, The Chi-Town Daily News, closed its doors.

I have traveled extensively researching new media trends and surfacing ideas. I am still at it. There is more to come. And I am excited to share.

Update on U of C Booth L3C event

This is from the Linked In L3C Connect and Marc Lane:

Group: L3C Connect
Subject: Announcement from L3C Connect — U. of C. Seeks Foundations to Invest in Promising Medical and Scientific Research
Many university tech transfer offices are struggling with the funding gap associated with “translational research” that brings “orphan drugs,” medical devices, complex computing solutions, new materials and other technologies to market. While public and private-sector grants fund the initial stages of commercialization, the universities have struggled to secure funding to get to specific becnhmarks where angel or venture capital, or a licensing arrangement with a major company, would be attractive.

Booth Graduate School of Business at the University of Chicago is doing something about it. Booth will be hosting a Mission Investment Forum — the first of many, it is hoped — built around the L3C. Students and professors will actively source and screen potential translational research deals coming from the University and other parts of the Chicago community. This same team will select three or four strong deals, conduct further research and then prepare the companies to make a presentation at the Forum. I’ve been asked to provide the educational component.

If you know of a foundation whose management may be interested in participating, particularly a foundation that has previously supported medical or scientific research through grants or investments, please let me know (at 312-372-5000) and I’ll be happy to provide the particulars. This is an extraordinary opportunity.

Marc

Booth School of Business seeking Foundations for L3C Social Venture Fair

about.jpg

Announcement from L3C Connect — University of Chicago to Facilitate Foundations’ Investment in L3Cs

The Booth School of Business at the University of Chicago will host a Social Venture Fair on October 26, built around the opportunities presented by the L3C, the the low profit limited liability company, social enterprise hybrid..The fair will include an educational component to be contributed by Marc Lane; a keynote luncheon talk by Sen. Heather Steans, the primary sponsor of Illinois’ L3C legislation; and presentations to social investors, including foundations, by entrepreneurs whose social ventures will have been vetted and selected by Booth’s MBA candidates.

Booth is seeking to identify foundations whose decision-makers may be interested in attending the Fair, to advance their understanding of the L3C’s potential to drive positive social change.