The economics of community
Economic power is political power, and just as the success of certain parts of our ward can be credited to intervention by powerful forces, so, too, can the rupture of our local economic infrastructure must be understood in a political context. There are leaders of some of our institutions who recognize that a prosperous community benefits the institutions located here, and we can see material investment in our neighborhoods in this light. We must be clear sighted and recognize that it is also to the advantage of certain powerful interests that some of 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