We hear lots of talk about “public-private partnerships” from various sources, but according to a recent study by the Federal Reserve Bank of Boston, the “private” side of the equation is most often a nonprofit organization. This discovery comes as no surprise to us here at the Liberty Bank Foundation; in fact, our observation has been that most of the progress we’ve seen on social issues over the past 10-15 years has come from collaboratives that consist mostly of nonprofits. We participate in several.
The Boston Fed has a special interest in understanding what makes cross-sector collaboratives work. Its Working Cities Challenge, now operating in Massachusetts, Rhode Island, and Connecticut, is an economic development effort that builds cross-sector collaboration and leadership to solve challenges affecting urban communities.
Our friends at the Fed have asked us to share a link to their latest research on what makes cross-sector collaborations tick, and as a funder of and participant in Working Cities CT, we’re pleased to share it with you. Here’s the link—happy reading!