Apply Now for Economic Development Training Scholarship, Funding Opportunity

Posted on: January 30th, 2014 by Carrie Kissel

Are you interested in learning a new framework for effective economic development?  Apply to join NADO’s WealthWorks Network and find out what WealthWorks can do for your region!

NADO is seeking applications from Regional Planning and Development Organizations to participate in a nine-month-long training process to learn concepts of inclusive, asset-based economic development and explore how to implement them within your organization’s work.  With support from the Ford Foundation, NADO will cover the cost of the training for four teams made up of two individuals from a region (must be one RDO staff member and one from a strategic partner), a $2400 value, PLUS support travel to an on-site training component occurring April 27 – 30 at the Pendle Hill Retreat Center outside Philadelphia, PA. The training will be led by Yellow Wood Associates.

Teams who participate in the training may be considered for additional funds to support the training program that will continue after the on-site training until February 2015.

Online applications (https://www NULL.surveymonkey NULL.com/s/C3QYSB9)are due by February 18.  Click here for a PDF flyer with more details.  Contact NADO Associate Director Carrie Kissel for more information, at [email protected] (ckissel null@null nado NULL.org) or 202.624.8829.

For more background on the WealthWorks training format and learning objectives, view this recent webinar (http://energizingentrepreneurs NULL.adobeconnect NULL.com/p7t50j6gqzh/)given by Yellow Wood Associates.

Testimonials about the WealthWorks training:

The WealthWorks training program provided me with a new understanding of sustainable economic development within an innovative framework that infuses traditional economic development methods with an influx of community development.  WealthWorks is demand-driven and builds on place, strategically linking rural communities into the broader regional economy.  The training provided by WealthWorks will enable me to assist my community with identifying and comprehensively building on existing and underutilized local assets, creating value-added economic opportunities and promoting sustainable community and regional economic growth and prosperity.

–Ryan Coffey, Land Use Educator for Newaygo County, Michigan State University Extension (http://msue NULL.anr NULL.msu NULL.edu/)

As a WealthWorks “coach,” I am eager to use this framework with the communities I work with.  This demand driven approach is comprehensive and encourages looking at the opportunities available in changing rural landscapes.  Linking market demand to community assets makes so much sense and is in complete alignment with assisting rural communities design and create their futures.

Many impoverished rural areas desperately seek change but are not sure of how to go about creating it.  The WealthWorks model brings to light communities assets and pushes you to think about how they can be leveraged to create not only jobs but wealth for rural residents.

The WealthWorks model pushes you to look beyond the immediate community’s needs to long term opportunities by finding the nexus between market demand and community assets.  This encompassing model brings both local and regional partners to the table discussing how to leverage opportunities and turn the tide of diminishing assets in rural communities.

–Carol Cohen, Rural Development Specialist, Utah
Rural Community Assistance Corporation (RCAC) (http://www NULL.rcac NULL.org/home) | Housing & Community

We were attracted to the WealthWorks Training because part of our mission from the Minnesota State Legislature is to create economic development in the state for small- and medium-sized businesses in rural areas. The world is changing; more and more it’s about relationships, partnerships, and collaborations and it seems quite plausible that this is how we will achieve this piece of our mission through building rural wealth.

The WealthWorks model expanded our thinking about entrepreneurs and communities.  I thought your group did an amazing job at the training! A lot of strong-minded people had a shift in thinking. It’s a paradigm shift to move from thinking about wealth as money to realizing we are all humans first, we all have specific needs and wants, and money is just one of them. I really liked learning about the different kinds of wealth and how we can bring the seven areas up together or at least not diminish any of them.

We want to apply what we’ve learned by using the WealthWorks model in a value chain that has to do with a new innovative food product; we plan to pick one place or region in rural Minnesota to work with a community or communities to build wealth and commercialize the outcomes of the food product. I think some communities are really going to embrace the WealthWorks model, and we’ll find some great success.

–Linda Thompson, Organizational Development Director
Agricultural Utilization Research Institute (AURI) (http://www NULL.auri NULL.org/)

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