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7 Paths to Development That Bring Neighborhoods Wealth, Not Gentrification

Marjorie Kelly and Sarah McKinley

YES! Magazine talks to Marjorie Kelly about the seven drivers cities can use to develop economies that build community wealth detailed in our report, Cities Building Community Wealth

Can we create an economic system—beginning at the local level—that builds the wealth and prosperity of everyone?

Economic development professionals and mayors are working in partnership with foundations, anchor institutions, unions, community organizations, progressive business networks, workers, and community residents. What’s emerging is a systems approach to creating an inclusive, sustainable economy where all can thrive. The work is place-based, fed by the power of anchor institutions, and built on locally rooted and broadly held ownership. It’s about building community wealth across the United States—in more places than most would imagine, a new kind of economy is beginning to appear. It’s an economy that, because of its fundamental design, tends naturally to create inclusion and prosperity for many, not simply for the few... Read full article.