Promote wealth creation in under-served areas

The economic competitiveness of any region begins with the microeconomy. Supporting households to create wealth empowers families to make investments that they would otherwise be unable to manage. An Individual Development Account savings program, for instance, can help families pay for postsecondary education or for a down payment on a house. In turn, these micro-investments can improve the region’s economic competitiveness.

ASSESSMENT

Some questions to guide your thinking

  • What wealth creation programs already exist in the city?
  • How can the city facilitate access to already existing programs?
  • What new programs can the city help to create?
Reading

Building a new paradigm for community development initiatives

Drexel University 30 minutes

This paper describes seven strategies to drive the systemic changes that need to occur in policy, practice, and institutions to transform the community development paradigm into a "Community Wealth" paradigm.

Reading

Building a new paradigm for community development initiatives

This paper describes seven strategies to drive the systemic changes that need to …

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