Yellow Wood has been the thought leader in developing an alternative approach to economic development based on inclusive wealth creation that provides a bridge between community and economic development with an emphasis on sustainable livelihoods. Through this approach, we expand the traditional definition of wealth to include intellectual, social, individual, natural, built, political and financial wealth. The wealth creation approach is intentionally inclusive of low-wealth people and areas and seeks to increase investment in the assets they own and control by connecting them to larger economic forces and regions. This approach sets a high standard; it challenges us all to figure out how to create multiple forms of wealth at the same time without undermining any one to create another.
Tools developed through this approach, such as the wealth matrix and value chains, can be used to plan and assess development activity to improve practice, impacts and sustainability and provide a framework for powerful market-based economic development that benefits communities of place. You can find reports, presentations, and other materials related to wealth creation in our resource library.
Yellow Wood’s wealth creation services include keynote addresses; virtual and on-site training in the wealth creation approach; coaching support for adopters (including grantees); sector-based research; policy analysis; economic and fiscal impact analysis and outcome measurement.
Yellow Wood is a founding member of the WealthWorks Network of trained practitioners with whom we work collaboratively to meet client needs and provide training to value chain managers and WealthWorks coaches. If you are interested in learning more about training in WealthWorks, visit our WealthWorks page.
Tags: Tool Development, Training, Wealth Creation
Client Name: Aspen Institute
Client Type: Education/Research Institution
Year: 2011, 2012
Location: Washington DC
Yellow Wood collaborated with the Aspen Institute’s Community Strategies Group to develop a knowledge transfer platform for development practitioners who want to use the wealth creation approach developed through the Ford Foundation’s Wealth Creation in Rural Communities initiative. Yellow Wood supplied Aspen with foundational tools we created for use with value chain intermediaries in the field…
Tags: Community Economic Development, Wealth Creation
Client Name: National Cooperative Business Association, Ford Foundation
Year: 2011, 2012
Location: Massachusetts, New York, Washington DC, Wisconsin, Iowa, Vermont, Georgia, Washington
Yellow Wood worked with the National Cooperative Business Association (NCBA) to conduct a pilot study on the unique contribution cooperatives make to the creation and retention of wealth in the communities and regions in which they operate. We worked with six pilot cooperatives from across the country that represented four different cooperative sectors, agriculture/farm, financial, employee-owned…
Tags: Wealth Creation
Client Name: Ford Foundation
Client Type: Foundation
Year: 2008, 2009, 2010, 2011, 2012, 2013
Location: Alabama, Georgia, Kentucky, Mississippi, North Carolina, Ohio, Texas, West Virginia
Yellow Wood Associates is the managing grantee and thought leader for Wealth Creation in Rural Communities - Building Sustainable Livelihoods (now WealthWorks), an initiative of the Ford Foundation that seeks to improve rural livelihoods with a systems approach to development that creates multiple forms of wealth that are owned and controlled locally. Yellow Wood provides the conceptual “glue” that…