a model for developing sustainable communities through the growth of for-benefit organizations.
Steps & Helpful Resources to Grow Your Impact Economy:
STEP 1 Identify a Backbone Organization
- What is a Backbone Organization?
- What is Collective Impact?
- Example of a Backbone Organization: LifeCity
STEP 2 Form a Steering Committee
- How To Build A Steering Committee
- Resource for Using the Same Language: Glossary of Definitions
- Example: Check out Value Louisiana’s Steering Committee
STEP 3 Conduct a Baseline Assessment
- How to map your for-benefit sector
- How to conduct a focus group
- How to conduct a lit review
- Example: Check out Value Louisiana’s Baseline Assessment
STEP 4 Make a Plan for Growth
STEP 5 Implementation
- Learn How to Implement a Strategic Plan
- Example: See how Value Louisiana is assisting for-benefit organizations
STEP 6 Evaluate Progress!
- Learn How You Can Evaluate Progress
- How to Organize a Launch Party for Your Initiative & Display Your Results
- Example: See how Value Louisiana communicates their for-benefit development initiative to the community (2015 State of the Impact Economy Report)
- What is For-Benefit development
- Spectrum of For-Benefit Organizations
We want to hear your ideas and help your community grow.
Chief Sustainability Officer
firstname.lastname@example.org ~ (504) 909-4689
Additional conversations we’re interested in:
- How can we use social impact bonds to fund the growth of local impact economies?
- What success stories does your community have and how do you share them?
Value Louisiana Case Study:
Community Assessment & Benchmarking Over the course of four months, LifeCity identified major strengths and weaknesses in the following areas of the Fourth Sector ecosystem in the Greater New Orleans Region by gathering sentiments from 31 for-benefits and the organizations that support them through focus groups, interviews and surveys. In addition to creating a great map of the ecosystem with entrepreneur’s perspectives on what’s “working” and “not working,” this participatory research also energized local conversation around for-benefits, increased awareness of Value Louisiana initiative, and initiated new strategic partnerships. LifeCity summarized the results of the research in the 2015 State of the Impact Economy Report, which increased the initiative’s legitimacy and drew the attention of numerous local leaders (including the City’s Chief Operating Officer) to the real existence of these for-benefits as powerful agents in the Greater New Orleans community. These strengths and weaknesses also played a key role when the Steering Committee devised the Value Louisiana Strategic Action Plan.