CommonWise Education, Inc. is the fiscal sponsor for the Bronx Cooperative Development Initiative (BCDI), whose mission is to end generational poverty in the Bronx through shared wealth and democratic ownership.
WHAT WE DO
Based on a framework of economic democracy, BCDI leverages existing Bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among Bronx residents.
With its partners, BCDI pursues three major lines of work:
Establishing a Community Enterprise Network that unites community and labor organizations, anchor institutions, and small businesses in order to plan and implement an inclusive and sustainable economy in the Bronx.
Building the long-term infrastructure to support economic democracy, including a Local Business Procurement Platform to redirect anchors’ spending locally and build shared ownership enterprises, and a Community Innovation Center to develop advanced manufacturing in the Bronx.
Coordinating immediate-impact projects in the health and energy sectors with our partners in order to reduce energy costs, remove environmental contaminants, and create job opportunities for Bronx residents.