Definition Community Wealth Building

Community wealth building is a term which covers a range of approaches which aim at improving the ability of communities and individuals to increase asset ownership anchor jobs locally by broadening ownership over capital help achieve key environmental goals expand the provision of public services and ensure local economic stability.

Definition community wealth building. Ted howard talks about a community based approach to economic development that he calls community wealth building. This approach looks at economic development strategies that do more than just create jobs they hope to also improve the quality of jobs the benefits available to workers and opportunities for advancement. These strengths not only have the potential to generate monetary wealth and positive change in the world around us but also to create relationships that yield new perspectives and enrich lives. It has also drawn inspiration from community wealth building pioneered by the democracy collaborative in cleveland ohio and the mondragon cooperatives of the basque country.

Since 1986 cles has been working with people across the uk and internationally. Community wealth building is a new people centred approach to local economic development which redirects wealth back into the local economy and places control and benefits into the hands of local people. Community wealth is in fact created as people from varied backgrounds share their strengths to advance worthy causes that lift up our communities. More than a decade ago my colleagues and i at the democracy collaborative began using a term for a new kind of economic development community wealth building for years the term was so uncommon that it almost invariably appeared within quotation marks when used.

Building community wealth with co ops worker co ops and employee ownership. A triple win solution this one pager from the democracy at work institute and the national urban league provides a succinct summary of the benefits that employee ownership provides to employees businesses and local economies.