A NEW PARADIGM FOR LOCAL ECONOMIC DEVELOPMENT
WE ARE A NON-PROFIT DEDICATED TO COMPLEMENTING & COMPOUNDING LOCAL ECONOMIC DEVELOPMENT
Since 2008, National Commonwealth Group has been researching issues related to small businesses (SMEs) and community economic development. We have focused on capital and credit challenges, securities regulations, triple bottom line issues of social and environmental sustainability in business, and the monetary system itself.
We conclude that following the first wave of corporate consolidation & centralization and the second of globalization, a third wave is building that restores economic vitality via a model that is smaller in scale, community-centered, and prioritizes local control.
For more, visit our Research page.
OUR CURRENT PROJECT
NCG resources are currently trained on our economic development initiative for Puerto Rico and harness three innovative developments in alternative finance, sustainable farming and entrepreneurship development — helping inspire healthy, resilient and prosperous communities. NCG research in SME funding and modern monetary systems led to creating the vehicles we will employ in this project.
In partnership with Middlesex University (London) Centre for Enterprise and Economic Development Research (CEEDR), we will research project implementation and develop best practices for growth- and crisis-communities worldwide.
Harnessing entrepreneurial inspiration, initiative and commitment is vital to remaining competitive in a global marketplace. A key component of any resilient community, much less ones facing “brain drain”, is the ability to identify and cultivate inherent talents found locally toward job creation and industry diversification. But keeping talent local is only half the battle where the youth are no longer motivated by simply “filling jobs”—if they’re not entrepreneurially inclined, they’re increasingly demanding meaningful employment. A partnership with COventures lends access to technologies and strategies found primarily in high tech and high finance hubs, providing NCG the ability to help prepare anyone for the rigors of entrepreneurship. Concurrently, companies use the COventures platform to challenge and recruit ideal employees, helping avoid costly mis-hires.
MONEY. IT'S NOT WHAT WE THINK
Our financial system is so pervasive that we accept it without question as natural and immutable. But it is actually a deliberate construct designed by its current beneficiaries to favor themselves. And it can be changed.
As more of the world’s wealth is transferred from the people to an elite few, as money is extracted from communities, as small businesses struggle to get the funding vital to survival and growth, it is time to change the construct.
History shows that abundance for all occurs under very specific conditions. We have developed a system that can replicate the conditions that produce individual and community wellbeing.
People today work for money.
We think money should work for people!
We welcome individuals, businesses and institutions interested in moving the current monetary system toward greater fairness and abundance for all.