🌍 UNIT 10 β€’ 5 WEEKS

Community Wealth Building

Build generational wealth and strengthen communities

🌍 What is Community Wealth Building?

Community wealth building goes beyond individual success. It's about creating economic opportunities, building assets, and ensuring prosperity stays within our communities across generations.

Why It Matters

When wealth stays in the community, it multiplies. Every dollar spent at a local Black-owned business recirculates in the community 3-4 times before leaving. When spent at national chains, it leaves immediately.

  • Creates local jobs and opportunities
  • Builds intergenerational wealth
  • Strengthens community resilience
  • Addresses systemic inequities
  • Preserves culture and history

πŸ’° Cooperative Economics

Credit Unions

Member-owned financial institutions that keep profits in the community. Better rates, lower fees, and personalized service.

Worker Cooperatives

Businesses owned and democratically controlled by employees. Workers share in profits and decision-making.

Community Land Trusts

Collectively owned land that provides affordable housing and prevents displacement from gentrification.

Mutual Aid Networks

Community members pooling resources to support each other during hardship and crisis.

πŸͺ Supporting Local Businesses

The Multiplier Effect

When you spend $100 at:

  • Local business: $68 stays in the community
  • National chain: $43 stays in the community
  • Online giant: $0 stays in the community

Local businesses hire locally, bank locally, and reinvest in the community.

How to Support

  • Shop at Black-owned businesses when possible
  • Use local banks and credit unions
  • Hire local service providers
  • Leave positive reviews and referrals
  • Promote businesses on social media
  • Attend community markets and events

πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ Generational Wealth

Building Wealth to Pass Down

  • Homeownership: Property that appreciates and can be inherited
  • Life Insurance: Provides for family after you're gone
  • Investment Accounts: Stocks, bonds, retirement accounts
  • Business Ownership: Assets that generate ongoing income
  • Education: Investing in children's/grandchildren's education
  • Financial Literacy: Teaching money skills to next generation

The Wealth Gap

The median white family has 10x the wealth of the median Black family. This isn't due to individual choicesβ€”it's the result of centuries of systemic barriers (slavery, redlining, discriminatory lending, wage gaps). Building community wealth is about creating the opportunities that were historically denied.

🀝 Community Investment

Ways to Invest in Community

  • CDFIs: Community Development Financial Institutions that lend to underserved communities
  • Impact Investing: Invest in businesses that create social good
  • Crowdfunding: Support community members' business ideas
  • Mentorship: Share financial knowledge with others
  • Philanthropy: Give back to community organizations
  • Advocacy: Support policies that promote economic equity

πŸ“š The Swanson Initiative Connection

Humanities-Driven Community Development

The Swanson Initiative demonstrates how cultural wisdom and community organizing create sustainable prosperity. By connecting financial literacy to our history, values, and collective strength, we build wealth that honors our ancestors and empowers our descendants.

βœ… Community Wealth Action Plan