Entrepreneurship has been a key element of building personal wealth since the founding of our nation, yet access to entrepreneurial opportunities remains highly inequitable – with Black Americans having far fewer opportunities than white Americans. But Baltimore, a city whose population is 62.3% Black, offers a model for the nation for diversifying economic opportunity. It’s a model that should be recognized and scaled nationwide.

As America continues its economic recovery from the COVID-19 pandemic, it must revitalize its downtowns and nearby neighborhoods. The nation also needs to create more opportunities for wealth-building among populations who have been historically excluded. The key is to prioritize small-scale manufacturing, and five cities are pointing the way for the nation.

When Pete Buttigieg was elected mayor of South Bend, Indiana in 2011, the city was typical of many across the American heartland. For decades, its downtown had been plagued with empty storefronts and vacant properties left to decay by absentee building owners. Major industries left large vacant buildings, and many landlords would only rent to "low-risk" national chain stores.

The distribution of federal funds to local communities under the American Rescue Plan, now underway, follows closely the designation of Juneteenth as a national holiday. This confluence provides a unique opportunity to invest in racial equity in downtown development that communities of all sizes nationwide should seize.

We’ve missed a lot of things in the last year and a half, but one of the things I miss most is street festivals. Whether a Caribbean carnival in a big city or a strawberry or tomato festival in a small town, street festivals always embody what makes a place thrive: people walking and relaxing, music playing, artists performing, families and friends coming together, the smell of food cooking, and vendors selling all kinds of colorful things.

When community leaders in Columbia, Missouri, first set out to revitalize The Loop, the prospects felt daunting. This stretch of Highway 40 serves as the entrance to Columbia but has been neglected for decades. Local small businesses were few, and struggling.

American Rescue Plan funding is a once in a century chance for cities to innovate. For smaller cities in particular, this influx of funding will be an opportunity to do economic development in new, more forward-thinking, and more inclusive ways. It’s a chance to meet immediate short-term needs, yes, but also to invest for future resilience and growth, in ways that help city finances by building wealth for the people in local communities.

Once upon a time, there was a wonderful small city that loved manufacturing. And manufacturing loved that city. Manufacturing created good paying jobs, brought people to invest in the city, and brought pride to the community. But then the manufacturing went away. Or so the city thought.

In the spirit of #Berniesmittens and #Michellethesuperhero, and wishing for the day when we can freely travel again to our local main streets and distant favorite downtowns, here are my top 5 hopes for every community to make great places that our mittens (and all kinds of small-scale manufacturing!) will call home.

We are at a decision point. Which side of history we will stand on? One of hate and racism? Or one of action and compassion? On January 6th, 2020, the White mob was given free rein in Washington DC to break into the Capital building, and then “escorted” to leave. If we ignore this, we turn away from the truth of where we stand as a nation.

I sort of feel like a tornado is coming through all of our lives right now too. The impact of COVID-19 on our small businesses feels like a tornado. There is no choice but to rebuild. But how we rebuild and whether we create something that is stronger than before is up to us.

Small-scale manufacturing businesses prepared overnight to help fight the pandemic and fill the gaping holes in our domestic supply chain. It’s time to invest and create a secure supply chain. Here’s 4 steps to get there.

Our smaller cities and towns are hitting the financial wall. A really big, really hard, cement wall. We need to focus on the investments that will help local economies rebound the fastest and help local jurisdictions start to pull in revenues as soon as possible. Here’s what we need to do.

Business owners of color, women-owned businesses, and immigrant-owned businesses historically have not been at the front of the line for federal and state small business support. Why do we think this time is any different? In a time of crisis, the first instinct is to just get the money out the door. But now we need to do better.

Senator Van Hollen’s staff gave us an overview of the SBA’s Emergency Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) on Monday 3/30/20. Links to the newly released PPP details (announced 3/31/20) included!

The Senate passed the bill (as of Thursday afternoon 3/26) and the House is expected to pass it tomorrow. Here is a brief summary of parts of the Senate bill that relate to small business and unemployment. And some other parts I think are most interesting. Let’s use this funding immediately to help our small business find relief and pivot to answer immediate needs in our communities.

Local governments, philanthropy, and non-profits across the country are coming to the aid of small businesses to help them survive this crisis. The need is urgent as more states close nearly all businesses to contain the spread of COVID-19. But access to information and resources is spotty at best, and there is an overwhelming need to fund relief for small businesses. Here is triage in 3 steps that we discussed on Monday with 100 people on zoom.

“It’s not just that we’re slowing down things. We’re actually hitting the pause button, and there is no precedent, there is no mold for that.” Diane Swonk made it vividly clear that this isn’t about a quick emergency. This is our economy hitting pause – something for which we have no precedent and no model. There are three steps we can take now to make a big difference.

For the third time this month, I find myself explaining to someone why I don’t do market analyses for small-scale manufacturing. At least not the way they’re imagining it.

“There was this hidden economy already chugging along that no one had capitalized on.” Those words were like lightning bolts on the phone. I was talking to my client in Columbia, MO (The Business Loop – a community improvement district), and all of a sudden Carrie (the exec) said it about our work to bring small-scale manufacturing businesses into the community development project.