ESD Regional Revitalization Partnership – Maximizing Impact: Co-Investing in Community Wealth Building
Empire State Development
Wealth Building
Developed through a collaborative effort in 2021, the RRP is a $300 million private and public co-investment in three interconnected geographic areas. Investment in these areas catalyzes economic growth for the entire region. Each area is at a different stage in its economic development, so the level of project detail provided herein varies.
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101 Solutions for Inclusive Wealth Building
Aspen Institute
Wealth Building
Having wealth, or a family’s assets minus their debts, is important not just for the rich—everyone needs wealth to thrive. Yet building the amount of wealth needed to thrive is a major challenge. Nearly 13 million U.S. households have negative net worth. Millions more are low wealth; not having the assets or liquidity needed to maintain financial stability and invest in themselves.