From Waste to Wealth: Developing & Financing an Urban Wood Economy, Part 2
Fortifying the urban wood economy in Baltimore and replicating success in other cities becomes easier with a national partner who is willing to buy wood from multiple locations and has a national level impact. One of the ways that we have begun scaling is through a partnership with Room & Board, a modern furniture and home decor retailer committed to sustainable practices and American craftsmanship. The company was intrigued by the story of the deconstructed wood and the social and environmental good it was enabling.
Access to capital is another critical component to scaling and replicating the urban wood economy. Our work has explored social impact investing through a partnership with Quantified Ventures. A popular form of social impact investing is called pay-for-success financing.
From Waste to Wealth: Developing & Financing an Urban Wood Economy, Part 1
Post-industrial cities face a suite of interconnected problems. Reusing urban wood can be viewed as a systems solution to a complex problem – a means by which to begin to renew and revitalize lives and communities as well.