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Community Economic Development: First Principles

Community Economic Development: First Principles. Alan Gumbel Youthbuild USA October 11, 2007. BASIC DEFINITION.

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Community Economic Development: First Principles

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  1. Community Economic Development: First Principles Alan Gumbel Youthbuild USA October 11, 2007 Youthbuild USA

  2. BASIC DEFINITION Community Economic Development (CED) is the process by which local people build organizations and partnerships that interconnect profitable businesses with other interests and values. Youthbuild USA

  3. GOALS OF CED • To empower the community to handle its own destiny. • To focus on building the capacity to handle economic and social change for local benefit. Youthbuild USA

  4. FIRST PRINCIPLES (EXPLAINED) Youthbuild USA

  5. ACADEMIA SAYS…a multi-functional, comprehensive strategy of ongoing activities, in contrast to individual economic development projects or other isolated attempts at community betterment PEOPLE SAY… bringing all parts of the community together to work together. PRINCIPLE ONE Youthbuild USA

  6. ACADEMIA SAYS… an integration or merging of economic and social goals to bring about more far-reaching community revitalization PEOPLE SAY… developing a shared community vision of itself. PRINCIPLE TWO Youthbuild USA

  7. ACADEMIA SAYS…a base of operating principles that empower the broad range of residents for the governance of development organizations and their community as a whole. PEOPLE SAY… the community is not just seated at the decision making table, but owns the decision making table. PRINCIPLE THREE Youthbuild USA

  8. ACADEMIA SAYS… a process guided by strategic planning and analysis, in contrast to opportunistic and unsystematic tactics. PEOPLE SAY… developing a long term vision for the community based on facts and knowing where the community wants to go. PRINCIPLE FOUR Youthbuild USA

  9. ACADEMIA SAYS… a business-like financial management approach that builds both ownership of assets and a diverse range of financial and other partners and supporters. PEOPLE SAY… building wealth or capacity to generate and distribute income across the community. PRINCIPLE FIVE Youthbuild USA

  10. ACADEMIA SAYS… an organizational format that is nonprofit, independent, and non-governmental, even though for-profit or governmental entities are closely linked to its work. PEOPLE SAY… works on behalf of the public good (public trust). PRINCIPLE SIX Youthbuild USA

  11. SOME INEVITABLE QUESTIONS… • How do we start the conversation in our community? • How many people/organizations do we need to engage for the process to work? Who do we engage? • How do we get people/organizations to see beyond their own need or self interest? • How do we fund the initial gathering and ongoing work? • Our community is so different, how do we know it will work? Youthbuild USA

  12. SO WHAT DO YOU THINK? Youthbuild USA

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