The COVID-19 pandemic and resulting economic impact create several choices regarding the ideas, models and economic futures we want to invest in as we move toward a growing focus on economic recovery. Many have long known we need to move toward a “next” economy, and this has taken on new urgency with the recognition that cracks in old systems and models are being made far more visible by this crisis. Many have also known that more diverse voices are necessary at the decision-making table. Centring the knowledge, experiences, and histories of historically, persistently, and systemically marginalized communities is vital to an economic recovery that works for all.
The Economic Renewal Lab is a capacity building, advocacy, innovation, and research platform whose ultimate goal is to ensure the economic crisis and recovery narrative reflects a shift towards investing in and prioritizing social and community outcomes. The vision is of co-creation and co-governance of new and existing social economy actors contributing insight, resources, and networks. Together, we will build justice, equity, and inclusion in BC’s social economy, creating demonstration projects that showcase new ways of approaching economic challenges and building collaboration and innovation capacity across the social economy sector.
Want to receive Economic Renewal Lab updates? Click below.
We’re building a consortium of committed actors who would like to create a shared platform for innovation, funding, and sector needs advocacy. If you or your organization are a part of building B.C.’s social economy, we’d like to hear from you.
We’d also like to hear from you if your thoughts go to questions such as: How might community-owned solutions displace private senior’s care? Can we build locally-owned food delivery apps that support workers and help local restaurants avoid extractive 30% app fees as they increasingly rely on delivery? As fragile and exploitative supply chains are exposed, how might we localize healthy, accessible, just food systems in our communities? How might we buy and sustain important local businesses that may otherwise be lost (and perhaps transition them to social purpose structures)? Could depressed asset prices become an opportunity for the social sector to bring them into shared ownership, and how could this be facilitated?
In the future, we will offer innovative programming with a call for applicants. If you’re someone who has a novel idea for a business model or intervention or have an interest and commitment to being a part of building a thriving social economy, drop us a note to be notified when opportunities arise.
Please email Economic Renewal Lab, Program Design Lead, David Herrera at email@example.com.