Economics for Humanity
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About People-Centered Economic Development (P-CED)

P-CED began in Chapel Hill,  North Carolina in early 1997.

P-CED is now UK based as a profit-for-purpose company, since 2004.  We conduct small business for profit in UK, and invest profits for social purpose under UK rules.  This is somewhat similar to non-profit in the US, except we can conduct any business we see fit according to normal business rules without restrictions that bind non-profits or charities.  We pay company and personal taxes according to usual business rules.  Profits are not shielded in any way from normal taxation that any for-profit business has to pay.  Whatever is left over is invested in the social purpose or purposes of our own choosing.  That way we can do business in the normal, traditional way, changing only one thing: the output, what happens with profit.

P-CED has advocated and pursued that model since inception in 1996-97 in the US.  The design is very straightforward: do business as usual, and invest profits for social benefit.  The US has been slow on the uptake with the profit-for-purpose thinking, UK much faster, so we instituted in the UK in 2004.  More on the inception of P-CED is in the "History" page.  Bill Gates, for one, came around to this way of thinking in 2001.

Our social purpose is poverty relief and childcare reform in the former Soviet Union.  Core framework is straightforward: to build bridges of friendship based on common ground for the common good in the former Soviet bloc.  We firmly believe that this "soft power" approach to international relations is inevitably the only solid ground for establishing and building understanding, good will and peace.  We have therefore pursued that strategy from the beginning of P-CED.  (Sounds like "Peace Ed, short for Peace Education.)  

 We research and design regional and national programs.  More about these programs are in the "Projects" section.  We continue throughout with advocacy and activism in raising awareness of stakeholders we aim to help: vulnerable children, and people in poverty, first.  

These problems almost always stem from government corruption that was a way of life in the USSR, and remains so to varying degrees.  Hence the overall process of what we do in promoting change inevitably runs into varying degrees of conflict along the way.  Dealing with such things as threats and smears is as much a part of projects as the hope and good will built within communities for standing up to it.  Hope, good will, and improved lives far outweigh the stresses and strains mounted by corrupt government officials, so strife and institutional resistance to change are taken in stride as part of the change process.

 A brief history

·         1996

The white paper proposing a more inclusive economic model is delivered to the Committee To Re-elect The (US) President. P-CED is formed in 1997 along the lines of the proposed social purpose business model therein. 


P-CED is deployed to source the Tomsk Regional Initiative in Russia. This yeilds a microfinance bank and initiatives to strengthen civil society. 10,000 small business entitities are created.


A development proposal for social enterprise in the Tatar community in Crimea is researched and designed.

·         2004

P-CED UK is incorporated as a UK Guarantee Company with no share capital with the aim of supporting humanitarian advocacy. Activism begins in Ukraine for childcare reform and economic development. .

·         2006

P-CED UK took over the support service for Meeting Point application and became a share based company applying the P-CED model, as for-profit with social return on investment. The microeconomic 'Marshall Plan' reached Ukrainian and US government.

·         2009

P-CED UK grows the portfolio of software development projects with the aim of focusing more of its investment into community projects based in Gloucestershire.. 
P-CED UK primarily provides software development and support services. It operates as an informal version of a Community Interest Company with at least 50% of profit invested in social purpose. To date, this has been 100% social investment.
It is part of the company’s mission over the next five years to set up and fund more community projects in Gloucestershire. This is with the goal of providing supporting and developing communities over the long term to increase the welfare of those in need. A recent example was in preparing a bid for the BBC Village SOS campaign in the Forest of Dean and now in the 'Local Plan' for community development   .  
We operate as an alternatve to  charity. The investment we provide into the communities on our target beneficiaries list clearly gain from our work. Most recently this is reflected in leveraging change in the childcare system of Ukraine to increase domestic adoptions.  . 
For the core members of the company, this is an investment of their time and skills in order to provide humanitarian benefits for the communities that are assessed to need it the most.  
Their goal is to ensure that the company generates an income year after year so that we can continue to provide the investment for those communities.  


CEO, Founder and international director Terry Hallman is engaged in humanitarian advocacy on behalf of the company, curently in Ukraine..  

Jeff Mowatt, our UK director leads the UK based arm of P-CED which provides revenue for mission funding and logistical support.


P-CED aims to foster a culture of “social development”, which naturally forms the basis of an environment that people need to develop themselves and results in innovative approaches. These innovative approaches combined with delivery to schedule from our staff result in the unique service we offer our customers and our beneficiaries.

Social ROI

Research in Ukraine since 2002 led to the submission of a microeconomic strategy paper calling on government to invest in a mix of socially beneficial components. So far this has led to 3 policy changes by Ukraine's government in the area of instituional childcare and for the United States to launch the East Europe Foundation to promote CSR and support sustainable community enterprise. In October it was revealed that a 40% increase in domestic adoption has occurred since these were actioned.  Project milestones can be viewed in the links shown in the left column of this page.        

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