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Banking Movement Forms for the Unbanked

National Banking Initiative for the Unbanked!

The Cities for Financial Empowerment Fund hosted its Bank On 2.0 Conference, “Building A National Platform for Local Banking Access Programs” in Washington, D.C. on November 6, 2014. The conference brought together influential leaders from city government, the financial services sector, non-profit service organizations, consumer advocates and federal regulatory agencies to discuss the ways in which they can work together to expand access to affordable banking services. The conference also featured remarks from the Chairman of the Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg and the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray.

The day-long conference focused on how to support local banking access initiatives, exploring how banks and credit unions can make the business case for reaching unbanked consumers, how new technologies can connect consumers and how city leaders can play a leading role facilitating the solution through local programming.

“In many ways, access to an account at a federally insured financial institution is a pathway to full participation in our economy. Yet millions of households in our country lack access”, said FDIC Chairman Martin Gruenberg. “The Bank On movement is an important initiative to address that issue.”

Last week, the FDIC released their 2013 National Survey of Unbanked and Underbanked Households, the most comprehensive survey on the subject in the country. The findings showed that 7.7 percent of U.S. households or 9.6 million households were unbanked, with another 20 percent or 24.8 million households still relying on nonbank alternative financial services, like check cashers or payday lenders. Interestingly, slightly less than half of unbanked households had previously been banked.

“At the Consumer Financial Protection Bureau, we are committed to providing access to financial services for the unbanked or underbanked,” said CFPB Director Richard Cordray in remarks at today’s conference. “Bank On coalitions have successfully brought together key stakeholders to provide thousands of consumers with opportunities to access checking account products. Through our continued work together, we can continue to expand access to financial services for the consumers most in need.”

The Bank On movement began as a pilot initiative nine years ago, quickly expanding to nearly 100 cities across the country. To date, local governments have successfully connected more than half a million residents to safe and affordable banking services, through a variety of partnerships between local, regional, and national banks and credit unions. The CFE Fund’s Bank On 2.0 initiative builds on the grassroots success of these programs to create a national approach and infrastructure to facilitate local efforts to serve the tens of millions of people still living outside the financial mainstream.

“Local and federal policymakers, the banking community, and non-profit organizations have learned real lessons when it comes to the terrible and ongoing price that communities and the nation pay when millions of people are financially unstable,” said Jonathan Mintz, President and Chief Executive Officer, Cities for Financial Empowerment Fund. “We are seeing mayors take a leading role in bringing the unbanked into the financial mainstream, and look forward to assisting those efforts through our integrated, national approach.”

The conference followed the first meeting of the Bank On 2.0 Advisory Board. The group is comprised of senior leaders from government, non-profit organizations and financial institutions tasked with informing the CFE Fund’s Bank On 2.0 initiative.

The Bank On 2.0 initiative is sponsored by JP Morgan Chase and Co., American Express, Bank of America, Capital One, Citi Foundation, The MetLife Foundation and VISA.

About the Cities for Financial Empowerment Fund

The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. For more information, please visit

From: PRNewswire

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Impact Investing Grows Bigger

California & Ontario Announce Impact Investing Partnership

The Province of Ontario and State of California announced a new impact investing partnership at the Social Finance Forum at MaRS Discovery District. Ontario and California partners will collaborate and co-invest in enabling impact investing infrastructure, knowledge exchange, venture exchange and joint programming to support industry development.

The international collaboration is the first of its kind between two governments to grow and strengthen the impact investing marketplace across both jurisdictions. The partnership will also meet local objectives including driving job creation, mobilizing and increasing access to investment capital and achieving positive social and environmental impact.

Highlights of the partnership include:

  • Jointly facilitating investment in the growth and promotion of the Social Venture Connexion (SVX) platform as an innovation-enabling tool that connects impact ventures and investors;
  • Supporting early-stage, high-potential social entrepreneurs to connect with Ontario and California-based impact investors:
  • Research and knowledge exchange on areas of shared interest including state and provincial innovation hubs, social impact bonds, charity and foundation engagement in social finance, and social enterprise legislation; and
  • Developing joint programming for upcoming conferences like Impact Ontario.

California and Ontario are already regions that are well-recognized for impact investing leadership. California hosts the annual Social Capital Markets (SOCAP) Conference, which is the world’s largest impact investing event. Ontario is home to SVX, the first impact-investing platform of its kind in North America. The expected launch of the platform in California will be the first time SVX has scaled operations outside of Canada.

Tides Canada also joins the collaboration as a new SVX charity partner. Tides Canada will lead research and support capacity building for charities to enable their use of the SVX platform for mission-aligned investing. The organization will also contribute to the development of philanthropy-focused programming for the Impact Ontario conference in spring 2015.

Further announcements regarding this partnership are expected at industry events in San Francisco and Toronto in early 2015.


  • The California impact investing market is estimated at $3 billion in impact capital for non-profits and for-profit social enterprises, and more than $5 billion when including assets like affordable housing and green infrastructure.
  • California is home to the largest number of B Corporations in a single state or province: 224.
  • There are currently 24 ventures and funds on the SVX platform in Ontario. These issuers have raised $3.2 million in capital over the past year.
  • There are over 10,000 social enterprises in Ontario.
  • The Government of Ontario has invested over $25 million in its social enterprise strategy.
  • Ontario and California aim to mobilize at least $2 million in new impact investments through the partnership.
  • The Canadian Task Force on Social Finance recommends that Canada’s public and private foundations invest 10% of their capital in mission-related investments which could seed impact investing in Canada with as much as $3.6 billion.

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Creating Wearables for Social Good!

How Wearables Are Being Used For Social Good

Even the Embrace, a sleeping-bag like device to keep premature babies warm, can be considered a wearable.

Most wearables are focused on feeding off of self obsession: How many miles you ran in a day, how much stress you’re feeling, how many hours you slept last night. And while there’s obvious value in tracking personal health, it’s a tiny part of what the technology can ultimately do–especially in places where people earn less than $2 a day and aren’t thinking about buying the latest variation on a Fitbit.

The Bay Area design firm, Frog, is working with organizations like UNICEF on finding opportunities to use wearables for social good.

Part of the process includes redefining what a “wearable” is. It doesn’t even have to include electronics, the designers argue–it just literally has to be something that someone wears to solve a problem.

UNICEF, for example, uses a simple armband to measure child nutrition in the developing world. If the paper measuring tape reaches into the correct color zone, a health worker knows the child is getting enough to eat. There’s no app involved.

Wearable Incubator

Embrace, a tiny sleeping bag-like device for premature infants, is another low-tech example. In hospitals that can’t afford incubators, or that don’t have electricity, the warming device can keep babies alive using a simple design.

Of course, in both cases, a little added technology could potentially be useful–the armband could possibly send measurements to a digital database for better tracking, or a temperature monitor inside the infant warmer could allow doctors to monitor a baby remotely. It’s a question of finding the right balance of technology for any particular situation.

“We think about wearables being super technology oriented, and all about being worn on the wrist,” Gershbein says. “But I think it’s up to all of us to look at analog versions and digital versions. For social impact, it’s how do you have the best of both.”

Wearable Surgical Care?

Most wearables designed for social good do rely on more digital technologyRemedy, for example, is a Google Glass app that lets doctors in remote locations stream video to a major medical center. During a surgery or consultation, a more experienced doctor can offer real-time advice.

Wearable Prenatal Care

Other devices could be used to track patients in rural, hard-to-reach areas. A pregnant woman who might not otherwise have access to regular checkups, for example, could wear a device to monitor her vital signs or nutrition and send the data to a doctor or nurse in a city hundreds of miles away.

Wearable Ebola Patient Monitoring

In the current Ebola crisis, some designers have suggested that low-cost wearables could be used to monitor patients remotely much of the time, so health care workers are at less risk of getting sick themselves. Another device could continuously monitor body temperature in healthy people to see track who might be ill.

Wearable Stress Relief

Wearables can also enable remote, low-cost diagnosis, like Emotiv, a brain-reading headset that can help diagnose neurological diseases (for consumers with more money, it can also be used to help tame stress).

Wearable Bodyguard

Wearable devices are also playing a growing role in keeping people safe. Smart bracelets like the Civil Rights Defender can trigger an alarm when an aid worker is in trouble. Several wearables are designed to protect women from attack, like Fearless, a device designed in India. Clip Fearless to a bra, and it claims to automatically detect if you’re being attacked and send your GPS coordinates to friends or the police. This jewelry can trigger a fake phone call in case of date rape.

What other social challenges can wearables solve?

But despite the increasing number of wearables created for good, designers like Denise Gershbein [Executive Director of Frog] are convinced that we’re only beginning to scratch the surface.

 “I think we also should be getting designers, researchers, anthropologists, and social impact folks all together to share use cases…and see what technologies we have and what use case that might address.”

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To be an L3c or not to be: Profit with Purpose

Forming a For-Profit, NonProfit!

by Lydia Dishman

As an entrepreneur, you’ve certainly heeded the call of passion for your work. Maybe you even subscribe to Marsha Sinetar’s sage chestnut, “Do what you love, and the money will follow.” But until a few years ago, there was a distinct difference between starting a business with an eye toward the bottom line and taking the same plunge for social good. Then along came the L3C.

Often called “the for-profit with a nonprofit soul” by Robert Lang, one of the architects of the business structure, an L3C is a hybrid model that allows owners to do well by doing good. The bonus? L3Cs can get funding from sources that have traditionally been hard to tap–such as foundations.

What It Is
The L3C, just like the LLC, is a for-profit business structure. Rick Zwetsch, principal partner with interSector Partners–the first L3C in Colorado–notes that the reason you may not have heard of L3Cs is because legislation for them has only been signed into law in Vermont, Michigan, Wyoming, Utah and Illinois, as well as the Crow Indian Nation and the Oglala Sioux Tribe. However, L3Cs are recognized in all 50 states, and there are just over 100 of them up and running right now. So, no matter where your business is located, you can form an L3C, “Just as you can form a Delaware corporation and do business in Idaho, Colorado, North Carolina or any state in the U.S.,” Zwetsch explains.

Ranging from an organic milk company in Maine to consulting firms in Colorado, the L3C’s main goal is to provide social benefit. Despite this do-good aspect, the business owner must pay taxes. And Zwetsch adds, “While some call it a ‘low profit’ limited liability company, you’ll need to earn and retain profit to sustain your business over the long term.”

How to Organize an L3C
Though the process of organizing an L3C is relatively simple, Zwetsch advises those interested in forming an L3C to seek legal counsel to get it right. Elizabeth Minnigh, an associate with Buchanan Ingersoll & Rooney, points out that currently there are no L3C specialists because the format is relatively new. “However, it will probably be most cost-effective to use someone with some familiarity with the L3C structure,” she says, adding that resources–including sample operating agreements that can advise an attorney how to proceed–are available online at the Americans for Community Development website.

Zwetsch says factors such as the initial and projected number of organizing members and/or managers, growth, and the projected need for capital over time will determine how complicated the organization of the L3C will be.

The cost of organizing itself is relatively low, according to Zwetsch. “interSector Partners filed Articles of Organization with the Vermont Secretary of State and paid a $100 fee.” Zwetsch says interSector Partners then had to register as a foreign entity doing business in its home state of Colorado. “It’s a simple three-page form and a $125 fee.”

Finding Funding
Raising funds is where the L3C has an edge, particularly during economically trying times, when banks are reluctant to loan and angel investors have flown the coop. By becoming an L3C, a business is better positioned to receive a mix of investments from both traditional sources and nonprofit foundations. The latter source of funding is especially compelling because foundations must make Program Related Investments (PRIs) annually to the tune of at least five percent of their assets in order to keep their tax-exempt status.

It’s a win-win because all too often, foundations make grants with no financial return just to meet the deadline. A PRI that generates even a modest return can be beneficial to both the nonprofit foundation and the L3C. It also saves some of the IRS scrutiny because L3Cs are specifically formed to further a socially beneficial mission.

Pete Gingrass, principal partner with Future Point, a Wyoming-based L3C that supports the impact of integrated community development initiatives, says that even with the availability of foundation funds, Future Pointe accessed startup capital from internal networks such as friends, family and personal investments. “We chose not to seek out any institutional funding until we are able to demonstrate our model. Part of this demonstration includes being able to generate enough revenue through our core program activities to sustain operations,” explains Gingrass.

That said, if an L3C owner is looking for capital from PRIs, Gingrass recommends searching through the Council on Foundations database to locate foundations by geographic area. “My second step would be to go through your network tools to see if anyone has relationships with foundation personnel. Building social capital is one of the ways that L3Cs will get funded in the future.”

Another potential source of capital to consider is a micro-finance organization because many have predetermined social missions, too. Though micro-finance organizations have some of the same requirements as traditional lending institutions the L3C’s mission may help make a strong case to snag a loan.However, Gingrass says, “Your L3C status will not provide any leverage to negotiate interest rates.”

Pitfalls and Plusses
While L3Cs’ social missions purpose provides a unique branding opportunity, it also imposes a duty on its owners “to manage the L3C in accordance with this purpose,” according to Minnigh. To that end, Zwetsch says it is important for the business owner to draft an operating agreement that spells out obligations, contributions and other governance provisions, just like an LLC.

While there is no “low-profit police,” Zwetsch says, “Ultimately, social purpose is your guiding star, and if you’ll have to answer to anyone regarding profit, it may be those who fund your L3C or those your L3C serves.”

Bottom Line
The L3C represents a brave new world of social entrepreneurship that Minnigh says depends on the objectives of the people forming the entity and the potential pool of investors.

The immediate success of interSector Partners makes Zwetsch optimistic. “For those with a pioneering spirit, we believe the L3C experience will be fruitful, and the rewards will be many.”

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Buffalo’s New Economy Starts Up!

BAK USA, the manufacturer of low-cost tablet PCs and cellphones opening a factory in Buffalo, New York has its eyes on the fertile African market.

And the attraction appears to be mutual – continent-wide.

The Republic of Chad in Central Africa wants 60,000 tablets for its high school and university students.

In West Africa, the Senegalese government has tapped BAK to fulfill its tablet needs.

Djibouti, the East African nation, is sending representatives to Buffalo in coming weeks to check out samples of BAK’s models.

But the startup, located in the Compass East building on Michigan Avenue, hasn’t even opened yet. Construction of its factory in the former Sheehan Memorial Hospital is nearing completion, and 10 workers are already onboard, but BAK won’t start making devices until December.

“The word has gotten out, and there’s a lot of interest,” said JP Bak, chairman of BAK USA. “It seems we’ve hit the right niche for the educational and government markets in Africa.”

While Africa will be its first port of call, the company’s sleek BAK Carbon, an unlocked 3G Android smartphone with dual SIM card capacity, will also retail in New York State exclusively in the U.S. for $155. But Android tablets will dominate the new business, accounting for 75 percent of production, including the BAK JET, an eight-inch Wi-Fi tablet PC that they are expecting will be available locally for $119 in time for Christmas.

Once production commences, BAK USA will give Buffalo bragging rights as a tech trailblazer, making it one of the first U.S. cities to manufacture tablet PCs and cellphones. And a year from now, plans call for it to employ more than 100 people making up to 40,000 devices that will be sold nationwide as well.

“Who said tablets have to be made in China?” JP Bak said. “We’re going to prove that it can be done here successfully, producing quality devices that are affordable.”

The business plan is not without risk. Many such social endeavors wither for lack of sales and savvy business plans.

But JP Bak and his wife, Ulla, both Danish-born lawyers, aren’t new to the business. They own a similar factory in Haiti that was erected as an economic development response to the devastation caused by the 2010 earthquake that ravaged the island. The Port-au-Prince business employs local workers who assemble economical tablets that are sold on the island around the Caribbean and in Africa.

Business for good

The couple brought their form of social capitalism to Buffalo after qualifying for long-term tax breaks, and they are aiming to be profitable in six months.

“Our main goal is to bring education to the underserved world,” said Ulla Bak, president of the company. “In order to achieve that goal, you need to have a carrier for that education, and that carrier happens to be the tablet.” To keep them affordable, BAK will mainly produce no-frills devices using the open-source Android operating system, preloaded with educational apps and with access the free and paid apps through the Google Play store. Prices will range from $120 to $180 for tablets with additional features.

Read More

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Telling the Story Through Children’s Eyes

Changing the way Americans see the world by giving children the tools to have a voice on globally relevant issues. 


As he kneels on a patchy concrete floor, scrubbing laundry in a spare house in northern India, Lhagyari Trichen Namgyal Wangchuk, 17 at the time, looks into the camera, grins and describes the paradox of his very ordinary life as a descendant of Tibetan kings. What began with the 1949 invasion of Tibet by China led to his family’s exile, and he found himself doing chores while struggling to retain his cultural heritage. Yet because of BYkids, an organization that pairs beginning and professional filmmakers, he can explore his odyssey in one of five documentaries to be broadcast this fall by PBS.

“Since I am a private person, I didn’t tell my personal story, but talking to the camera, it was O.K. and helped me open up,” Mr. Lhagyari said. Born in India, the son of a politician imprisoned for more than 20 years in China, Mr. Lhagyari counts the Dalai Lama, a friend of his father’s, as a mentor. Now 21 and living in Corona, Queens, he is a bona fide filmmaker.

BYkids is one of several New York City programs teaching the craft and business of film to young people who could not otherwise afford film school. With financing from the Ford Foundation and private donors, a committee of Unicef representatives, journalists and others selects potential stories that highlight themes of “courage, perseverance and dignity.” BYkids executive director, Holly Carter said, “Kids are genuine reporters. They tell it as they see it.”

“My Country Is Tibet,” Mr. Lhagyari’s film, matched him with Dirk Simon, whose nonfiction “Between the Lines,” about border guards in East Germany, grew out of his own young adulthood there. The well-known documentarian Albert Maysles mentored Faiza Almontaser, a Yemeni immigrant, whose BYkids film, “Poets Against Prejudice,” examines her experience of being bullied for her Muslim heritage in a Brooklyn public school. The other documentaries cover topics as disparate as the education of girls in rural India, civil conflict in Colombia and AIDS in Mozambique.

Films by students in Reel Works, in Gowanus, Brooklyn, have been broadcast on HBO, PBS and MSNBC, and the New York public television station Thirteen/WNET commissioned three documentaries. Begun by television producers John Williams and Stephanie Walter, Reel Works serves about 500 students, including those taking part in six-month workshops on documentary and narrative films.

Tribeca Film Institute fellow, Denny Alcantara-Cruz, 17, made a documentary about a Latina dancer in his South Bronx neighborhood who tried to open a dance school, despite hip dysplasia. He said he wanted the film to challenge attitudes toward Latinos. “We’re given a negative connotation — that we sit around and don’t do anything, and we don’t have to abide by that,” he said.

The center’s managing director, Catherine Martinez, explained that often students, including those in after-school training programs, come from immigrant families that fear the financial instability of arts-related careers.

“Many of our kids haven’t left their own neighborhoods,” she said. “We talk about how media is a big industry in New York City, and this can lead to real career and college choices.”

Students from the Ghetto Film School in the Bronx also get a sense of those options. Zaheer Babar, 17, hopes to be a film editor and attended the school’s summer workshop. After a session on a recent weekday, he described emigrating from Pakistan to the South Bronx, bringing with him a love of action movies.

“I love movies that give us a lesson at the end, a moral,” he said. “My father dreamed of us being educated in America. To be here, to be able to study film, everything I am, will be, is because of that.”

Read full article from NY Media Center

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Can You Eat Local for 10 Days?

The 10-Day Local Food Challenge

How local can we go? How well can we-the-eaters feed ourselves from where we live? We’re going to find out. Together. Sign up to learn more.

Would you like to take part in a collaborative experiment? People around the world are asking: How well can local food (versus industrial food) feed our communities? Can a 10-Day Local Food Challenge help us answer that question?

Here’s the basics:

  1. Select 10 days in October 2014 when you will commit to eating food sourced within 100 miles (more or less of your home).
  2. Give yourself 10 exotics, foods from afar you can’t live without. No need to suffer.
  3. WhidbeyIsland (51 of 69)Do it yourself or form a team with your club, church, class, pals.
  4. Commit.

That simple. That radical.


Take the opening survey

Join the Facebook Group Post stories, photos, shout outs, videos

At the end those registered will get a final survey. We want to know:

  1. How did the experiment go?
  2. If you redesigned it for your friends and networks, what would you change?
  3. What was surprisingly hard?
  4. What was surprisingly easy?
  5. What made it worth your time, money and effort?
  6. If you couldn’t do it, why?

Remember, this is an experiment. There are no wrong answers. No failures. All experience is information.

Remember, if we want to be a good food nation, we’ll need more good food sourced closer to home. We need this to build our health, communities, economies and our kid’s futures.

Ready… Set… Eat your region
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Harlem Meets Biotech!

"We believe that good design in workspaces inspires creativity. NYC abounds with a magical creative energy like no other place in the world. Entrepreneurs starting a biotech company here can be inspired by NYC and the designers, artists and makers who call NYC home."
Founders of Harlem Biospace: Christine Kovich, Sam Sia

Why biotech and why Harlem?

Harlem Biospace is the first city-backed incubator that supports early-stage NYC biotech companies. Since opening in November, it has contributed to an ongoing economic revitalization in Harlem. So far, sixteen promising biotech companies have taken up residency. Their work in cutting-edge technologies range from personalized diagnostics to new drugs that treat prostate, lung, and other cancers.

Meet Christine Kovich, Co-Founder of Harlem Biospace

For the last few years, I’ve worked on identifying and pursuing ground-breaking business partnerships with start-ups in the mobile space. It was inspiring to work with nimble companies, such as Square, that are disrupting the payments industry. At the same time, Sam Sia (co-founder of Harlem Biospace) was establishing his next start-up, Junco Labs. We began looking for a potential lab space that was relatively close to his office at Columbia. Harlem was the ideal location. Within a couple months, we decided that we would not only build a lab for his company, we would build a lab for up to 24 companies! I am now working directly with start-ups that are solving real health problems. I am helping build up a biotech cluster in the city that I love.

Every item in Harlem Biospace (aside from lab equipment) is made in NYC. Why?
We believe that good design in workspaces inspires creativity. NYC abounds with a magical creative energy like no other place in the world. Entrepreneurs starting a biotech company here can be inspired by NYC and the designers, artists and makers who call NYC home.

When a large office furniture company could not accommodate the layout of our space, I started talking to local independent artists and craftspeople like John Sorensen-Jolnik of Coil & Drift who made our workstations, reception desk, and shelving. I met Cassidy Shultz Brush when I was looking for lighting options for our reception space and came across her Urban Chandy’s. John introduced me to Ryden Rizzo of Allied Maker who hand-made our gorgeous, but also affordable, desk lamps. We found that sourcing locally from designers crafting their products (mostly) in Brooklyn was actually better for our overall design budget.  We are continuing to work with NYC  designers, some of whose products will be featured in our Harlem Biospace Design+Science Store.

You place an emphasis on community at Harlem Biospace. How do you envision this community taking shape?
One of the crucial benefits for an entrepreneur building a company from a co-working space is being part of a community of entrepreneurs who are at the same stage of development. The Harlem Biospace community is already taking shape. Members are meeting once a week and we anticipate events where members pitch to one another and learn from each other’s experience as they develop and launch their products.

How can non-scientists contribute to the Harlem Biospace community?
We believe NYC’s scientifically minded citizens will build our community. We will foster collaborative learning by bringing science to the community with intimate salons, lectures and classes. We want New Yorkers to be really excited about a budding biotech sector in NYC.

We also want to inspire and connect with the younger members of the community. We started HYPOTHEkids (Hk) to help develop a new generation of scientists, engineers, and technology entrepreneurs to support NYC’s rapidly expanding technology sector. Hk’s elementary in-school and afterschool lab hours build up the steps of the scientific method in a series of hands-on and engaging experiments, nurturing children to think like scientists. We are currently piloting our program in an elementary school just around the corner from Harlem Biospace.

What is your favorite place or activity to do in NYC?
I live a block from the 125th Street entrance to the Hudson River Bike Trail. There is nothing more exhilarating than cycling downtown on my Brompton fold-up bike with the Hudson on my right and this amazing city before me.

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6 Yrs Later: From Economic Devastation to Social Change


@ThatMattersLive with hosts @ShaneSnipes @Monika_Mitchell

U.S. Financial Crisis Six Years Later: Kicking the “Wealth Addiction”to Build a Better World

This segment originally aired on September 15, 2014 – The 6th anniversary of Lehman Brothers bankruptcy and the onset of global economic devastation for millions of people. WATCH IT NOW! 

Six years after the global financial crisis, the social impact economy has emerged to right the wrongs of the past.  ThatMatters Live brings together two former Wall Street wizards who walked away from the big bonuses to build a better world.

John Servin, Head of Asset Management at FJG Financial Services (former whole loan trader at Merrill Lynch and Bank of America/Merrill Lynch during the crisis).

Phil McKenzie, cofounder  -events for business & social values. (Former Goldman Sachs, equity derivatives trader).

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5 Days to Change the World: #NYCSocialGood

This week is simply our favorite week of the year in NYC. All forces to build a better world are in the Big Apple at once. Everything #socialgood takes place in a 50 block radius on the world stage. Here are some highlights: 

ThatMatters Live & GoodbusinessNY cover this week’s events for global change. The world is watching. Be part of the solution.  Join us on Twitter. @goodB @thatmatterslive

September 21, 2014

@Mashable Social Good Summit: From Noon to 6pm. Social Good changemaker conversations and action plan for 2 straight days at 92st Y. Streaming Online. 

Women & The Digital Revolution. Empowering Women for a better world! Making Happiness Go Viral.  Technology Innovation to Improve Human Lives. Melinda Gates. Bill McKibben. The Do-Good Economy: with Muhammad Yunus.

This event Rocks! Alicia Keyes today at 5:35pm. @socialgood #2030NOW

PEOPLE’S CLIMATE MARCH Today at 11:30am from Central Park West @ 86st, 81st, 77th, 72nd, 65th Streets. Make a call for action #NOWNOTTOMORROW #peoplesclimate @peoples_climate – 

September 22, 2014

Social Good Summit Continues.  @socialgood #2030NOW

Clinton Global Initiative  Starts! @clintonglobal #CGI2014

“Reimagining Impact,” 3 Awesome Days of Global Change.

Hillary, Bill, Chelsea and every other World Changer come together to plan how to accelerate social change for the coming year.

ClimateWeekNYC begins:

Action in Climate Change & Health  / Facade Face-Off: NYC & Beyond- Bloomberg LP / Caring for God’s Creation – St Francis of Assisi Church- 135 W 31st. 

More events at:

September 23, 2014

UN Climate Summit 2014 – Catalyzing Action  Hopefully, more action than talk. We shall see…

Clinton Global Initiative  Continues! @clintonglobal #CGI2014

“Reimagining Impact,” 3 Awesome Days of Global Change.

September 24-26, 2014

ClimateWeek NYC

Advancing a Global Platform 9/24 Rising Seas Summit 9/24-9/26 Hope to see you there! But you can follow our updates and reports @GoodB @ThatMattersLive and here on these pages.

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Profits with Purpose for Disabled

Our good friend and social entrepreneur, Brittany Martin sees being disabled differently. Brittany doesn’t view disabilities as stopping your life, but empowering you to overcome the challenges and live life to the fullest.  It is all in the way you look at it, she told us in a recent interview. This past July, the courageous Brittany won an Echoing Green Fellowship for her startup – a global network for disabled individuals.

Her story is inspiring:

At age 12, Brittany lost her brother and only sibling in a fatal car accident; her father survived, but was paralyzed from the chest down for life. The accident changed the course of her life. While in a Harvard social entrepreneurship cohort, then college freshman and rugby player Brittany, began designing a platform to connect disabled persons across the world to an online support platform. The program was encouraged by two professors, including Michael Prison, PhD, now at Fordham B School in New York. Says Professor Pirson,”We knew there was something special about her.”

As a fellow, Brittany will spend the next two years creating her platform, How will she sustain it? By allowing advertising on her platform for products and programs that she believes are of value to her network, including products like the one detailed below, “No Guts, No Glory,” created by 17 year-old Charlotte Robinson.

 Teen Invents Snap-On Underwear for Disabled

by Eleanore Goldberg @HuffPost

When 17 year-old Charlotte Robinson was born with a hemangioma, a disorder that caused vascular tumors to grow in her right tibia, which created holes in her bones and damaged her joints and growth plate, according to the news outlet. When she was 13, her right leg was 2.5 inches shorter than her left.

In 2011, the South Salem, New York, the teen’s doctors told her that she would have to wear a Taylor Spatial Frame — a leg brace — in order to properly lengthen her right leg.

One of the first inconveniences Robinson faced was wearing uncomfortable Velcro underwear. That’s when the idea for the “snap-on” underwear was born.

She’s now selling the line, which she dubbed No Guts, No Glory, on her website.

“I had the attitude that [the procedure] was going to work because, as my grandfather said to me ’80 percent of the success of a surgery is the patient,’” she wrote on her blog. “Attitude is everything.”

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