Laying a Foundation for Durable Change

The First Standard Bank, an African American-owned bank which operated in the prosperous Walnut Street neighborhood of Louisville prior to its closing in 1931. The bank and the community prosperity it helped nurture are reminders of both what’s possible when grassroots economic development is allowed to flourish – and what can happen when local economies are undermined by external influences that reduce local ownership and control. (photo credit: //uofllibraries.wordpress.com/2013/09/04/old-walnut-street-african-american-businesses/)

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