Paid Placekeeping / Endowed Operations + Maintenance
“Placekeeping” is a term used by planners Roberto Bedoya and Jeremy Liu, who use it to reframe priorities for community development. When placekeeping work is compensated, even in a small way, then the value of the placekeeper’s time and continued participation is recognized as key to a site’s future.
Community Benefit Agreements + Targeted / First-Source Hiring
Equitable Development Plans lay out the framework for equitable distribution of benefits throughout the community of a proposed project and often include Community Benefit Agreements (CBAs), which are complex multi-party contracts that result from negotiations triggered, often, by government or municipal requirements for developers. Targeted hiring requirements for a development can be one outcome of a CBA contract. Targeted hiring stipulates that a project workforce should have a percentage of people from a defined population.
Unions + Prevailing Wages
Because unions create wealth, it’s essential to grow work sectors that are protected in their right to organize. Prevailing wage laws set a minimum wage for publicly funded projects. The strength of unions in each locality controls the prevailing wage.
Green Bonds
Green bonds work just like any other corporate or government bond. Borrowers issue these securities in order to secure financing for projects that will have a positive environmental impact, such as ecosystem restoration or reducing pollution. By establishing good jobs criteria during the issuance process, green bonds may empower localities to circumvent some of the systemic forces that devalue work.