Empowering Societies through Community-Based Programs

Modern trends in social work and activism adopt the community-based programs approach. As the name suggests, Community-based programs refer to a range of policies, designs and courses of action that are initiated to serve a community within their setting. These policies are implemented across sectoral areas in a community such as education, health, environment, children and women and youth.

Communities are a group of people in a defined geographical area who share a culture of means of livelihood. As these groups of people interact, they encounter many challenges. The challenges prevalent in communities differ in intensity and frequency.

The CAPCO programs under the CAPCO community-based organization in Cortland, New York is a phenomenal example of the achievements of community-based practices. This program advocates for improved living conditions, dignity and self-reliance within the SOCIETY with the end goal of eliminating poverty.

Community-based programs spin out of the need to build on local capacities of the people. The guiding principle is that since it is the people in a community who confront a challenge, they should also be the same people who come up with solutions. By so doing, the program acquires the blessing and further input from the affected community. Community-based programs are the most natural remedies for societal ills.

This model has become very successful all around the world and now provides a blueprint on which community-based programs operate. They are unique in their extent of reach within a society, and the commendable success margins experienced. It is worth to note that Community based programs harness the potential of communal socio-economic capacities.

The CAPCO program is very ambitious and contains a thorough working strategy targeting individuals, families and the community as a whole. The Poverty cycle exists and must be fought at these three points. The organization relies on strategic partnerships with various stakeholders in the community as well as its own human and financial capacity.

A community-based program must always abide by a set of values that help it gain appeal and traction. The CAPCO program commits to understanding and tapping the capacity of the community, cooperation, and partnership, accountability for resources and results, participation and respect for self and society.

In conclusion, community-based programs act as repair mechanisms to the torn fabric sections of society. These actions translate to better ways of living, better livelihoods as well as the socio-economic empowerment of marginalized groups.

Starting an Employee-Owned Company

The amount of worker-owned businesses is growing. Namely, it is growing in the U.S. by as much as 6% per year, and these businesses now make 12% of the private sector workforce. However, worker-owned businesses were frequently undervalued for not being quite capitalistic. That may be the case in some other areas but not in the finance sector.
About Employee-Owned Companies
They stand out from other companies because the employees have an ownership stake in the company that they work for. In an ESOP (employee stock ownership plan), companies give their employees stock as ownership. It is a way for a company’s workforce to have more interest in the company’s business plans and success.
ESOP shares, however, are part of employees’ payment reward for the work that they have performed. Shares are distributed to employees and may be held in an ESOP trust until the employee retires or decides to leave the company. The shares are then being put up for sale.
Financing Companies – EnTrust
In the financing sectors, new companies often emerge by splits. An example of that split can be found in three Goldman managers who left Goldman, Sachs & Company to form their own employee-owned investment manager (http://www.nytimes.com/1997/05/09/business/three-goldman-managers-start-a-firm.html).
In May 1997, there was a story in New Your Times that three money managers of Goldman, Michael E. Horowitz, Mark S. Fife and Gregg Hymowitz, split to form EnTrust Capital Inc. The former vice presidents of Goldman’s private client services took their clients to EnTrust to begin their business with 125 clients and $750 million of assets.
The three reportedly made about $15 million in commissions in their previous year, and it is also said that they produced 30.8% in internal rates returns annually for six years until December 31, when was their last year at Goldman.

Mr. Hymowitz and his colleagues pointed out that they would personally handle the asset gathering and decision investment making at Entrust. He also said that the Entrust team made successful investments in companies like Citicorp and Woolworth and probably didn’t own more than 20 companies.
The firm also manages its owners’ personal fortunes and now has about $525 million invested in equities and $225 million invested in fixed-income securities. Besides working with wealthy individuals, it also deals with pension and profit sharing plans, charitable organizations, corporations, funds, foundations, endowments and families. It also manages equity hedge funds and invests in the U.S. public equity markets. It invests in stocks of small, mid and large-cap companies.
Employee-owned companies are on the rise everywhere around the world. A company called EnTrust Capital Inc., which was founded in 1997, is an example of how a split in a company that was owned by funds and partners created a new employee-owned one.