The allure of wealth building is its capacity to improve lives. For that reason, the last essential component of wealth building is lasting livelihoods.
You might well work hard to increase stocks of capital, along with local ownership and control, in your region. But if low-income people, places and firms in the region are not doing better or are not well poised to do better, you have not met the WealthWorks test for wealth building.
Why is this so important? It’s because improving livelihoods for low-income people, places and firms is simply good economic strategy. If they stay low-income or fall further down the economic ladder, they have less to spend in your region, fewer family resources—like ready transportation, good health, time or network connections—that enable them to participate in and contribute to the community, and they may create strains on scarce public resources. If they do better, they spend more in the region, their children do better, and they contribute more time, resources and ability to community activities. As low-income people move toward and enter the economic mainstream, everyone does better.
How can this economic development strategy be altered so that those on the margins can participate in its design, and so that they will benefit from it?
In WealthWorks, people, places or firms achieve lasting livelihoods when they:
When low-income people do better, they spend more in the region, their children do better, and they contribute more time, resources, and ability to community activities.
Photo University of Wisconsin Health Department
How many times have you heard a story about an economic development effort in which jobs were created or new businesses opened but local residents—particularly those working hard but struggling to get ahead—were left out? Or a story where a boom in a region’s economic activity has boosted income and housing values for the well-to-do, but had the effect of pushing low-income people down and out?
Why does this happen? It’s partly because economic development strategies typically are not designed to specifically include low-income people, places and firms in the action and the benefits. So they rarely do. Without intentional design, low-income individuals are left out of the idea generation, the planning and the decision-making—and as a result, they miss out on any positive results.
Of course, WealthWorks strives to help any and many people, places and businesses in a region attain lasting livelihoods. But it places special and intentional focus on moving those on the economic margins up the rungs of the livelihood ladder.
One way to think about this is to recall the five guidelines for thinking about the eight capitals: One guideline encourages you to always be on the lookout for underutilized resources. Low-income communities, people and firms often are exactly that—sorely underutilized resources in a region. If they are drawn into more participation in new ways, they will become more productive as a result, and the entire region and economy will benefit. That’s why intentionally and always including a focus on improving low-income livelihoods is critical to the WealthWorks notion of wealth building.
Only by constantly asking the livelihood design question will you consistently produce better livelihoods. That question is:
In answer to that question, low-income people, places and firms can play many roles in economic and community development efforts:
Investing to train local workers for existing jobs not only builds skills but leads to better jobs, larger incomes, and greater stability for families.
Photo ©Maximilian Stock Ltd/Science Faction/Corbis
In WealthWorks, the goal is not to build wealth for a small handful of residents, but to build wealth for many, and especially for those who need it the most. Incorporating low-income stakeholders in key roles ensures that investments are made in ways that will build their wealth, connections and prospects.
Specialties: Local Food, Placemaking, Renewable Energy
States served: Minnesota
Additional details: Enhancing the vitality and quality of life in Cass, Crow Wing, Morrison, Todd and Wadena counties is the mission of Region Five Development Commission. Resiliency, inclusion and collaboration are guiding concepts in achieving mutually shared goals that continue to evolve with local municipalities, state, federal, philanthropic, non-profit and social advocacy agencies.
Contact: Cheryal Lee Hills, 218-894-3233
200 1st Street NE, Suite 2
Staples, MN 56479
Alternative contact: Dawn Espe, 218-894-3233
Specialties: Food, Forestry/wood products, Tourism
States served: Idaho, Oregon, Washington
Additional details: RDI was formed in 1991 in response to the timber industry crisis facing the Pacific Northwest. Our nationally recognized programs and services help communities help themselves with effective and results-oriented training and resources necessary for individuals living in rural communities to build and sustain a better future in their communities. Our work is based upon our genuine commitment to build rural capacity through Leadership Development programs and strengthen Rural Economic Vitality through moving capacity into action.
Contact: Amy Hause, (541) 255-9590
Rural Development Initiatives
91017 S Willamette St
Coburg, Oregon 97408
Alternative contact: Heidi Khokhar, (541) 684-9077 ext. 7011
Specialties: Food, Forestry/wood products, Housing, Tourism
States served: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming
Region details: RCAC serves 13 western states including: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. We also work in the U.S. territories of the Marianas Islands, Marshall Islands and the U.S. Virgin Islands.
Additional details: RCAC Value Chains, economic development and Wealth Works are embedded in RCAC’s Building Rural Economies program. With over 10 years of experience in these arenas we technically assist communities who wish to envision and create their future.
Carol Cohen, 435-671-7068
3120 Freeboard Drive
West Sacramento, CA 95691
Alternative contact: Ellen Drew, (575) 421-0261
Specialties: Energy efficiency
States served: Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Wyoming
Additional details: Midwest Assistance Program (MAP) has been helping communities and tribal nations find solutions to their infrastructure and development needs through information, resource management, expertise, and technical assistance since 1979.
Contact: Chris Fierrros, 660-562-2575
303 N Market Street, Suite 2
Maryville, MO 64468
Specialties: Bio-energy, Food
States served: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, Texas
Region details: Communities Unlimited serves seven southern states: Arkansas, Mississippi, Tennessee. Texas, Oklahoma, Louisiana and Alabama. This is an area that includes 60% of this country’s persistently poor counties, including large percentages of African Americans, Hispanics, and Native Americans.
Additional details: Communities Unlimited has 40 years of community economic development experience in the South. It seeks to move rural and under-resourced places toward prosperity by identifying a community’s assets and the market demand for the products or services created from those. We then build value chain collaboratives based on WealthWorks principles to create new economic opportunities. Since 2013, we are demonstrating the success of this approach through a farm-to-fuel value chain in the Arkansas Delta.
Martha Claire Bullen, 479-443-2700
3 East Colt Square Drive
Fayetteville, AR 72703
Alternative contact: Debbie Luther, 870-509-1331
Specialties: Arts, Food, Forestry/wood products, Tourism
States served: Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, Vermont
Additional details: Community Roots, LLC is a Vermont firm specializing in rural community and economic development consulting. Melissa Levy of Community Roots, LLC has been working with the WealthWorks framework over the past several years. She’s been a trainer, coach, workshop facilitator, and presenter in the WealthWorks community.
Contact: Melissa Levy, 802-318-1720
Location: Hinesburg, VT
Specialties: Arts, Energy efficiency, Food, Forestry/wood products, Manufacturing, Tourism
States served: Kentucky, North Carolina, Ohio, Tennessee, Virginia, West Virginia
Additional details: The Central Appalachian Network is a regional network of six anchor organizations that pursue collective sustainable economic development strategies across the Appalachian region of Ohio, West Virginia, Kentucky, Virginia, and Tennessee. CAN builds regional partnerships and also works deeply at the sub-regional level around sectors and opportunities including local food value chains, forestry, new energy, small business development, social enterprise, recycling/upcycling, implementation-focused research, advocacy, and organizational capacity-building. CAN’s members are Appalachian Center for Economic Networks (ACEnet), Appalachian Sustainable Development (ASD), Coalfield Development Corporation, Community Farm Alliance (CFA), Mountain Association for Community Economic Development (MACED), Natural Capital Investment Fund (NCIF), and Rural Action.
Contact: Leslie Schaller, 740-592-3854
1456 C Patton Avenue
Asheville, NC 28806