Tags: Community Economic Development, Research, Value Chains, Wealth Creation
Client Name: Ford Foundation
Resource Type: Article
Author Org: Yellow Wood Associates, Center for Rural Entrepreneurship
Author: Shanna Ratner, Deborah Markley
Rural regions across the United States have struggled to implement economic development strategies that build local assets and create wealth that contributes to sustained prosperity. This article describes a systems framework that enables rural areas to build multiple forms of wealth and provides expanded demand-driven opportunities for economically isolated individuals, businesses and communities. The characteristics of wealth creation value chains and the early results from the implementation of the framework in two regions in the United States are shared.