[[Community wealth building]].
A form of [[municipal socialism]].
Community wealth building utilises:
(via Community wealth building - Wikipedia)
a holistic framework for integrating community, cooperative, and public assets into a mutually supporting system of local economic prosperity
An attempted transition to [[localism]] and [[cooperativism]] inspired by Cleveland in the US and [[Mondragon]].
[[Anchor institutions]] are big part of it. For example, council, university, hospital, investing in the local area.
It is estimated that the Preston model has added £200 million to the city’s economy while significantly reducing unemployment.
– [[Can municipal socialism be Labour’s defence against ongoing austerity?]]