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Metrics for Local Economic Sustainability
This document discusses measuring the direct benefits of local economies. It proposes that a local economy unites people and assets to build a community investment portfolio. This establishes a platform for local governance and sustainability by engaging citizens and allowing the utilization of assets, paid work, entrepreneurship, and community investment that can continue benefiting the community over time through civic engagement and liquidity of assets. Finally, it suggests that a local economy is everyone's responsibility to meet community needs and contribute to satisfying wants, with everyone benefiting.
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Metrics for Local Economic Sustainability
- 1. Output Metrics Measuring DirectBenefits for Local Economies August 2010 1
- 2. Who Controls HowMuch of What 20% Control 80% of the of the People Assets 2
- 3. A Local EconomyUnites People and Their Assets to Build a Community Investment Portfolio Advantages for People Favorable Return on Assets Entrepreneurship Community Utilization Paid Work Investment Access Innovation Portfolio Commercialization People Assets 3
- 4. A Local EconomyEstablishes a Platform for Local Governance and Sustainability The Portfolio Lives on… Civic Engagement Entrepreneurship Community Utilization Paid Work Investment Access Innovation Portfolio Commercialization People Assets Liquidity 4
- 5. A Local EconomyIs Everyone’s Responsibility Satisfying Wants 20% Disposable Income / 80% Debt / Misappropriation of the of the Meeting Needs Everyone Contributes People Assets Everyone Benefits 5
- 6. The Global The Local Economy Economy “Meeting Needs” Community Members’ “Satisfying Wants” Employees’ Interests Interests Meaningful Work Jobs Medium Asset Utilization of Exchang e Asset Liquidity Assets $ Return Value Income Exchange Owners’ Interests Shareholders’ Interests 6
- 7. Flow of Assetsand Work within a Local Economy Increasing Assets Applications Local Economic Sustainability Community Meeting Output Metrics Investment Local Needs Portfolio •Food •Water •Energy •Fuel •Housing / Clothing •4 R’s Increasing •Security Work Functions Value-Add •Safety •Health •Education 7
- 8. Output Metrics Local Economic Sustainability Scoreboard Increasing Applications Community Meeting Output Metrics Investment Local Needs Portfolio Increasing Value-Add 8