Released in 2001, Sharing the Wealth: Resident Ownership Mechanisms continues to be a resource for advocates and policymakers seeking to connect lower income residents to the economic development in their communities. The report examines a range of strategies and instruments to increase opportunities for residents to become owners in the development process-to be stockholders, not just stakeholders, in local economic activity.
The tools and strategies in Sharing the Wealth: Resident Ownership Mechanisms are grouped into six broad categories based on the neighborhood assets upon which these mechanisms would be built. The report also includes a review of the literature on the relationship between asset/wealth development and individual economic development, as well as the relevance of ownership as an asset building strategy. The report makes clear that lower-income status should not be a barrier to the participation of local residents in the economic advancement of their communities.
Some of the resident ownership mechanisms presented in this report provide residents with opportunities to participate in decision-making and make a financial return from investments. Others include full ownership and control of economic institutions. Together they provide a continuum of possibilities for wealth sharing and community building.
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