The Brookings' Institution is coming to town. Let's hope they are bringing the Social Compact people with them.
Just like they did in Chicago:
“By looking at some of our seemingly distressed neighborhoods through different lenses, instead of seeing despair we see ‘emerging markets’. Likewise, when we look at the community-based leaders, who know how to successfully do business in these emerging markets, we see ‘community consultants’. These award winners represent the future of doing business in America’s lower income communities.” – Steve Forbes
Meaning there are a lot of Informal Economy dollars in some low income neighborhoods.
Who knew?
Nevermind that most of the informal economy is probably illegal. It's also a very real economy. And why shouldn't we use that knowledge to initiate the redevelopment of those blighted neighborhoods instead of encouraging their informal economies to be spent outside of the 'hood?
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