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The coalition parties come up with an initiative to stimulate the local economy of the southeast

The coalition parties come up with an initiative to stimulate the local economy of the southeast

Jeffrey Clark, January 2, 2021

The coalition parties submitted a proposal for an initiative to stimulate a fair, local and sustainable economy in the southeast of the country. They are based on “community wealth building”, an approach that has already been used in England and the United States.

The idea is that the money earned in a particular area flows as much as possible to the residents of that area. For example, by stimulating new forms of local entrepreneurship, or by purchasing more local entrepreneurs.

Additionally, the intention is that companies that are well established in this field will hire more people from the community.

Rich companies, but also people with low incomes

According to Groenlinks, D66, PvdA and SP, this approach is also suitable for the southeast. A region that is much won (including near the ring), but also has to do with high poverty rates.

Both parties assert that the money that is made does not usually end with the residents. Much disappears in the hands of anonymous shareholders in companies. This creates a great disparity between wealthy firms on the one hand, and low-income people on the other hand.

Used before

The hope is that building societal wealth will change that. The economic model was used previously in the US city of Cleveland and the English city of Preston. And it worked, according to the parties.

For example, public funds flowing into the local economy in Preston increased from 39 to 75 percent. This, in turn, resulted in a lot of local employment.

the support

GroenLinks, D66, PvdA and SP would also like to see this happen in the southeast. So they want the municipality to support organizations, companies and individuals from the community; Until this becomes possible.

Jeffrey Clark

Avid music fanatic. Communicator. Social media expert. Award-winning bacon scholar. Alcohol fan.

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