WealthWorks is a regional approach to economic development that connects a community’s assets to market demand in ways that build livelihoods that last. WealthWorks aims to advance a region’s overall prosperity and self-reliance, strengthen existing and emerging sectors, and increase upward mobility for many—always including people, places and firms on the economic margins.
This Module defines wealth building as a goal that reaches beyond standard community and economic development objectives, and why that difference is critical to advancing and sustaining regional economies.
To introduce and explore WealthWorks’ potential, this module defines the core concepts and goals of wealth building: wealth, ownership and livelihoods. Then, we explore how you can begin to think about wealth-building in your region.
Table of Contents:
|Wealth-building: The goal of regional development|
|The wealth-building breakdown: Wealth, ownership and livelihoods|
|Wealth-building opportunity: Grow the region’s stocks of capital|
|Wealth in action: The bottom (guide)lines|
|Regional ownership and control|
|Defining regional ownership and control|
|Making the case for regional ownership and control|
|Wealth-building opportunity: Expand local ownership and control|
|Defining lasting livelihoods|
|Making the case for lasting livelihoods|
|Wealth-building opportunity: Improve livelihoods|
|Conclusion: Building wealthy regions|