"The state of New Mexico made a first-in-the-nation move to subsidize childcare for all, giving working parents and families a leg up."
"In Illinois, the Climate and Equitable Jobs Act offered a pathway for low-income residents to electrify homes and cut their bills."
"Surfing nonprofit Save the Waves started the study of 'surfonomics' and launched an insurance product to protect local economies built around key breaks."
"Ox Delivers, which makes electric trucks for shipping goods in rural Africa, gives small businesses a better route to market."
Innovative economic development emphasizes connections over financial investments. Governments and organizations are finding creative ways to support residents and local economies. New Mexico subsidizes childcare, Illinois promotes home electrification, and San Diego builds housing for staff. Nonprofits like Save the Waves study surfonomics, while initiatives like The Next California support agricultural shifts. Bridging gaps is crucial, as seen with Ox Delivers improving market access in Africa and Nevada's Lithium Loop creating a battery production pipeline in the U.S.
Read at Fast Company
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