[FIG-ALL] FW: Farmer-Chef Connection

[Lisa Gruver]

Subject: Farmer-Chef Connection
Date: Sun, 21 Sep 2008 19:56:21 -0500
From: BrownLK at illinois.edu
To: lisagruver at hotmail.com






























The
Farmer-Chef Connection | Business Alliance for Local Living Economies by Ed Morrison. 

Categorized as EG
Stories. Tagged with core strategies, food.

At a 30,000 foot level, economic
development is about managing three flows of money. "Good Money"
flows into the economy from businesses that trade outside. These are
businesses, which account for usually about 30% of the employment in an
economy, generate higher incomes. Traditionally, economic developers have
focused on recruiting these businesses.

Economic
development is also about increasing the velocity of "Neutral Money"
that circulates within the economy. When economists talk about a multiplier
effect, they are referring to the circulation of Neutral Money within the
economy.

Finally,
economic development involves "plugging
leaks". That means reducing the flow of money (we can call this
"bad Money") from the economy.

Increasingly,
communities are taking a more balanced, integrated approach of economic
development that includes all three flows. (After all, there are no bright
lines segregating these flows.)

Here's
an example. Check out the web site of the Farmer-Chef Connection, a
business-to-business network that promotes the development of "local
living economies".

You
can read more here about
how this type of network works.

The Farmer-Chef Connection is one
of a broad number of networks that are forming around the country to support
sustainable local economies.

Last
week, I was at the Lowe Foundation for a
retreat, where I met Leanne Krueger-Braneky of the Sustainable Business Network
in Philadelphia. 
She introduced me to the work of the Business Alliance for Local Living Economies, where
her organization is a leading network.

To
learn more about the Business Alliance
for Local Living Economies, visit
their website.

[Cross-posted
to EDPro Weblog.]

 

 



**********************************************

Kathleen Brown

Extension
Specialist, Community and Economic Development

Technical
Assistant, Illinois ResourceNet

www.illinoisresource.net

 

University of Illinois Extension

Macomb Extension Center

480 Deer Rd.

Macomb, IL  61455

 

Phone: 
309.836.2084

Fax: 
309.836.2916

Cell: 
309.255.8706

email: 
brownlk at uiuc.edu 



 







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