What is Community Wealth Building?

Community wealth building is an economic development approach that emphasizes developing and connecting place-based assets, working collaboratively, and fostering community-based economic institutions (e.g., worker-owned businesses).  When these elements are combined, they foster an economy intentionally designed to generate shared prosperity; an economy characterized by empowering jobs, vibrant businesses, and broad resident participation.  Given the significant socio-economic challenges facing too many Baltimore city neighborhoods, fostering community wealth building models with proven track records of creating quality jobs and vibrant businesses in distressed areas is more important than ever.