Residents Driving Change

Community Enterprise and Ownership

Social enterprise ventures — where social mission meets the marketplace — drive the economic engine of The Village at Market Creek.

As an anchor project for reinvigorating an urban marketplace, Market Creek is designed to give residents a financial stake in their community, build individual and community assets while rebuilding neighborhoods, and keep social responsibility at the forefront of business.

Harnessing the power of the local economy makes business at Market Creek financially viable. At the same time, businesses look to the double-bottom line with social goals like creating new jobs, providing training and capacity-building, and opening opportunities for resident ownership.

Commerce in The Village began with Market Creek Plaza and has spread to a network of community owned enterprises called Market Creek Community Ventures.

Long-term resident ownership is vital to The Village’s sustainability. The ground-breaking Community-Development Initial Public Offering (CD-IPO) transferred units of ownership in Market Creek Partners, LLC to individual resident investors. They, in turn, have set their sights on expanding their investment in The Village through a resident-designed and guided Community Investment Fund.

To learn more about the power of community ownership, click on the videos below.

The Journey to Market Creek Plaza Share in the story of how community residents took charge of change, partnered with the Jacobs foundations, and transformed a blighted site into a vibrant commercial and cultural center.

Designing the nation's first Community Development Initial Public Offering Market Creek Plaza was planned, designed, built, and leased by the community. This video shares the story of how this significant community asset came to be owned by residents through the ground-breaking CD-IPO.