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D.C. New Birth Project:
Ownership Vehicles
|| Capital Homestead Act || Capital Homestead Endorsements ||
|| Capital Credit Vehicles: ESOP || CIC || CSOP || ISOP ||
|| DC Capital Homestead Initiative || New Birth Project ||
|
New Birth Project Operating Enterprise and Ownership Vehicles
(Proposed)
|
| Operating Enterprise |
Purpose of Enterprise |
Ownership and Financing Vehicle |
Assets Owned |
Shareholders |
Governing Board |
| Washington Community Investment Corporation (WCIC) |
To plan and develop and, construct $3.5 billion power plant, sell electricity and water. Leases space to NBTC and to companies occupying industrial park |
Community Investment Corporation (CIC) using a special real estate investment trust (REIT) |
WCIC shares, representing all land, power plant structures, permanent structures, permanent ccc and infrastructure of power plant/prison and ccc industrial parks on 1500-acre site. |
All D.C. voters |
Representatives of broadly diverse stakeholders in the District of Columbia |
| New Birth Transformation Corporation |
To run the state-of-the-art prison |
NBTC Employee Stock Ownership Plan (ESOP) |
NBTC shares,
representing working capital and prison equipment, vehicles, weapons, leases of rights to space |
Administrators,
guards, board
members, other employees of NBTC
(not in-mates) |
Representatives of NBTC employees and management, complemented by business, church and community leaders |
New Birth Industries
(NBI) |
To produce marketable goods and services for site construction and maintenance, and for sale to global markets. |
Single ESOP for all subsidiaries, divisions and joint ventures of NB Industries. Separate ESOPs for independent companies locating on site. |
NBI shares, representing working capital, tools, licenses to use technology, equipment, vehicles, leases of rights to space |
Inmates, supervisors, managers, board members and others employed by NBI, plus joint venture
partners |
Determined
separately for each individual enterprise, but including representatives of NBI employees and management |
