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From community to prosperity

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  • Ben Hecht
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    Abstract

    Hecht argues that poverty is systemic, and needs to be solved beyond the geography of individual communities. Quality jobs, which provide economic security and the opportunity to build wealth, and the connection to them, are critical. Living Cities is using a strategy they call Prosperity Development, which involves civic infrastructure, systems innovation, engaging the private market in shared value, use of data (including "big data") and social media, rapid prototyping, and distributed leadership are all part of this strategy. Community development that involves partnership, market focus and innovative solutions is most likely to be successful.

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    File URL: http://www.frbsf.org/community-development/files/hecht.pdf
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    Bibliographic Info

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    This book is provided by Federal Reserve Bank of San Francisco in its series Monograph with number 2012fct and published in 2012.

    Handle: RePEc:fip:fedfmo:2012fct

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    Related research

    Keywords: Community development;

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