Justine Porter, who organised the event, has written a paper to share information and learning from the event and to help other towns and cities plan their own community wealth building summit:
A D.I.Y. guide to planning a community wealth building summit
In spring 2015, I sat in on a lecture from Ted Howard about the Democracy Collaborative and their work alongside the Evergreen Cooperatives.
As a resident of the small city of Poughkeepsie, New York, Ted’s words on the need for an inclusive approach to economic development rang true. Poughkeepsie has a population of just over 30,000 people, a poverty rate of nearly 30%, and an unemployment rate creeping towards 15% (though closer to 20% for Black and Hispanic residents).
While listening to his case studies on the Evergreen Cooperatives, I couldn’t help but draw parallels between the challenges in Cleveland and the challenges in my city. As in Cleveland and other cities across the country, Poughkeepsie struggles to close its poverty gap despite a tremendous amount of resources.
I left that lecture wanting to look into how I could start implementing community wealth building in my own community.
Let me take a moment to tell you about the resources in my city. We have:
Despite major economic anchors and a Main Street with an active business community, as in many communities across the country the term ‘economic development’ too often just means business attraction.
What if we redirected economic development dollars away from business attraction and into opportunities to grow or create local businesses that serve local anchor institutions?
Business attraction approaches to economic development often lack inclusive strategies to create opportunities for unemployed members of the local workforce, and are overly reliant on attracting outside dollars. While there are certainly cases out there in which business attraction has worked, numerous studies have shown us that economic development dollars are better invested in serving current city residents, rather than potential future ones.
My questions were: how can we take the 30% of our city that lives below the poverty line and connect them with jobs that pay living wages? How can we cut our unemployment rate and our poverty rate by 10%? 25%? 50%?
Trying to find answers to these basic questions leads to more concrete questions about the resources that could be most easily redeployed, and the unnecessary barriers to local prosperity that can most easily be removed:
The more questions I asked, the more questions that I had. And the more that I talked to community members, the more I realised that every single person in our city wants to solve these problems but no one person, organisation, or government can make that change alone: turning a city’s economy around involves everyone working together.
And then this question hit me — what if I was able to bring together community members, business owners, decision makers, students, activists, farmers, employees of colleges, universities, nonprofits, and anyone else who would come, and spread the word about community wealth building, provide some really inspiring examples and then start a collective conversation about how to make it happen?
What if, through an event like this, I could get someone who works in HR at a university or in purchasing at a college, and a founder of a business to all consider how to integrate the economic wellbeing of our city residents into their day-to-day operations?
The Poughkeepsie Community Wealth Building Summit
Over the course of eight months, I organised the Poughkeepsie Community Wealth Building Summit with the help of a planning team and the support of a number of local organisations.
The event brought together community leaders from anchor institutions, government, businesses, nonprofit organisations, and community interest groups to:
So, did it work? What were the outcomes?
Over 200 people participated in the summit, including community, nonprofit, and business stakeholders, as well as interested members of the general public.
The agenda incorporated a welcome from government officials, an introduction to the community wealth building model, case studies from other communities, an overview of the current state of anchor institution involvement in Poughkeepsie, and break-out sessions on how community wealth building can apply to different anchor institution departments (hiring, purchasing, food and dining services, etc.).
There were a number of positive outcomes from the summit:
The decentralised model that we adopted in organising the summit involved putting the knowledge and tools into the hands of representatives from each organisation so that they could incorporate changes within their own sphere of influence.
Plan Your Own Summit!
Here’s an outline of the steps to help you get your own event off the ground.
– Do your research
Planning a summit on this model, whether you’re calling it community wealth building or something else, means that you need to have a solid grasp on how the model has worked in other communities and ideas for how these models can be applied within your community. Look for case studies that are relevant to some of the challenges in your city.
– Start throwing the idea out there. Gauge interest & make friends.
If you come at people with a lengthy presentation on economic development and why it should be this way and not that way, you’re going to lose attention.
Start simple and tell a story. Talk about a specific case that you identify with and how you want to explore doing that in your community. Listen to needs that are identified by others. Learn about existing projects that you may not have known about.
– Identify your allies.
For those who are really on board (and there will be many), ask them if you can continue to bounce ideas off of them as you move through the process.
– Start to think about your agenda.
By identifying specific issues through these conversations that are important to your community members, you’ll be able to build an event agenda that is relevant and engaging.