In a neighborhood otherwise reeling from violence and an opioid epidemic, the Kensington Corridor Trust recently welcomed its first commercial tenant. It's not the only community-owned commercial real estate project seeing success.
News that Patagonia’s ownership was transferred into a perpetual purpose trust has sparked so much conversation that it even trended on Twitter. But misinformation spread along with it. Next City first reported on the model in 2019 and has covered its iterations. So what exactly is a “perpetual purpose trust” and how can it work for businesses both small and large? We’ve assembled a panel of the experts behind this movement. These leaders are making businesses that serve their communities instead of investors. One bakery in the Bay Area adopted a perpetual purpose trust so it would always protect its homeless and formerly incarcerated employees. The Kensington Corridor Trust is using a version to ensure community ownership of commercial property. Meanwhile, players like Purpose Foundation and Forcefield Capital are empowering an ecosystem that supports more businesses becoming owned by their purposes. RSVP now to join us for this special flash-webinar on S
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