Defiant Imagination

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June, 2009 Monthly archive

A visit to In Good Company Workplaces

A few months ago I found out about a unique coworking space in New York City. In Good Company caters exclusively to women business owners and provides them not only with an extremely convenient and elegant working environment, but also with valuable support and collaboration opportunities.

I visited the space last April during a trip to the city and had a chat with co-founder Amy Abrams.

In Good Company

How did you get the idea for In Good Company?

My business partner Adelaide Fives and I worked together for about three or four years in a consulting practice with women who were in career transition or women business owners who were experiencing problems. Over the years we found these women kept articulating the same challenges. They had this tremendous sense of not knowing anybody else who was doing this and when they had to see clients they didn’t have a place to meet them. We always wanted to give them a resource to solve this sense of isolation. We couldn’t find that resource so we decided to create it on our own. We thought that what these women were missing was a community of peers, and a place to work at when they needed it. A lot of good resources were getting lost because people didn’t know how to share them.
We knew we wanted to have a physical space and allow people to rent it when they needed it. That already existed, but the key component to what we wanted to do that was different was this sense of community. So we described ourselves as a community membership and a community workspace. In order to ever use our space you have to be a member of our community.

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Microloans work best when business skills are taught to receivers

A recent New York Times article looking at several examples of microcredit programs around the world notes that their efficiency is increased when business skills are also taught to the receivers. Small business owners thrive when povided with basic entrepreneurship skills and networking opportunities, which allow them to discover new approaches and ideas.

Local currencies: help businesses, connect residents

An article in Yes! magazine’s summer issue presents local currencies as a way to limit the effects of the recession by stimulating local economies. Local currencies such as the Chiemgauer in Germany or BerkShares in Massachussetts force cash to be spent in local businesses, thereby maximizing the use of profits and reconnecting citizens with their community.

The entire issue is devoted to the new economy, showing examples of how to give the control of our global economy back to citizens, from local banks to worker co-ops. Quite interesting…

Microcredit institution moving to the West

The Internet-based lending program Kiva will now turn to the United States to fight poverty after serving third world countries for the past four years. Its president Kemal Shah said access to credit has become more difficult for small business owners because of the economic crisis, particularly in the U.S.

Kiva allows individual lenders to finance small businesses without receiving any interest in return. So far, more than half a million lenders have contributed almost $80 million to business owners in the developing world.

Grameen America, another microcredit program, also started operating in the U.S. after winning a Nobel Peace Prize in 2006 for their activities in third world countries.

Source: BBC News