The economics of community
Economic power is political power, and the rupture of our local economic infrastructure must be understood in a political context. It is to the advantage of certain powerful interests that our communities are struggling so much economically that we are weakened politically. No claims of investment into our communities can be said to be meaningful unless they address the undermining of our local economy
- All external projects involving economic investment must allow for local control of commitments to make local hires and must include commitments to monetary compensation when benchmarks are not met
- No development in the Fifth Ward uses the term “local” to refer to anything other than people from our communities. No agreements will be signed using any other definition.
- Development involving public resources must make commitments that mitigate basic economic infrastructure challenges, such as low rates of homeownership and high storefront vacancy rates