Shared Equity Ownership Summit: Session 5 – Community Ownership Roundtable

Saturday, March 15, 2025

Areas of Interest (4)

St. Paul's push to become the 'Cooperative Capital of the World' through inclusive capital initiatives.
The intersection of philanthropy and municipal R&D: How St. Paul uses grants to bypass budget constraints.
The 'Rondo Effect': How historical urban displacement shapes contemporary social equity policies in St. Paul.
Mayor Carter's challenge to financial institutions to move beyond 'precedent' and address structural inequality.

Why does poverty persist to have a brown and black face no matter where we do really cool stuff?
— Joe Scantlebury

Racial EquityAddressing historical avoidance of racial discourse in philanthropy.

Every decision in the history of humankind has been made to benefit the decision maker.
— Melvin Carter

Inclusive Decision-makingExplaining why power must be shared to create systemic change.

If an article doesn't include the word standard deviation I don't need it.
— Melvin Carter

Evidence-based PolicyEmphasizing the reliance on data-driven outcomes in city policy.

Joe ScantleburyPresident and CEO

CEO of Living Cities, a member collaborative organization focusing on inclusive capital and racial equity.

1 quote

“The people who were once Capital need to be partners in the use of capital.”

Describing the mission of Living Cities regarding inclusive capital.

Melvin CarterMayor

Mayor of St. Paul, focused on equity, community collaboration, and innovative economic policies.

2 quotes

“If we want our policies to benefit communities of color, communities of color have to be at the table.”

Stressing the importance of inclusive decision-making.

“You cannot build inclusive outcomes with exclusive systems.”

Critiquing traditional bureaucratic structures.

St. Paul, MinnesotaRondo neighborhood (St. Paul)University Avenue (St. Paul)Brooklyn, New York