Ten Ways that CDCs Must Innovate
# CDCs need to more effectively balance money and mission to ensure long-term financial viability.
# CDCs need to develop and implement strategies that respond strategically to the specific local market.
# Emphasize collaborations and partnerships.
# Break down traditional boundaries between the community development field and other sectors working to improve neighborhoods.
# Diversify the senior professional leadership in CDCs to better reflect the community.
# Recognize and respond to changing neighborhoods and constituencies.
# Operate within local, regional, and statewide networks and design strategies based on the most effective role within those networks
# Nurture a new generation of leadership.
# Establish partnerships, shared staffing models, and support
mergers if necessary.
# Stay away from the “one-size-fits-all” answer to how CDCs should operate. Diversity is a strength.
Joseph Kriesberg is the President of the Massachusetts Association of Community Development Corporations.