Progressive Multiplier Launches the Progressive Stimulus Project

March 13, 2020 — Philip Radford

Progressive Stimulus Project, Progressive Multiplier Launches the Progressive Stimulus Project

 

In February of 2020, Progressive Multiplier, a project of Progressive Power Lab, teamed up with Gara LaMarche, President of the Democracy Alliance, and Sonal Shah professor and executive director of the Beeck Center for Social Impact and Innovation at Georgetown University, to call on philanthropy to launch the Progressive Stimulus Project.

Originally published in The Chronicle of Philanthropy, 3/18/2020

The novel coronavirus — and the likely economic recession it will touch off — affects not only individuals but families, organizations, and small businesses.  Grant makers have stepped up to help with this pandemic — including the Bill & Melinda Gates FoundationRobert Wood Johnson Foundation, and others. Their work alongside governments, universities, and public-health facilities will help stem the spread and support research for a cure and vaccine development for Covid-19. But even as we focus on the science, this pandemic has exposed and exacerbated our communities’ needs and demonstrated the urgency of calls for a better health-care system, paid family leave, and real protections for workers and their ability to earn a decent income.

According to the Organization for Economic Cooperation and Development’s latest Interim Economic Outlook, Covid-19 presents the greatest danger to the global economy since the financial crisis of 2008. Recessions affect the most vulnerable in our society the hardest – the sick, the elderly, people of color, and low-income Americans. This increases demand on nonprofits serving these people to do more with less. But that is not a solution. Instead we need systemic change — and that means empowering the nonprofits that can successfully press for it.

Read the full article at the Progressive Multiplier.

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