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Showing posts with the label culture and finance

Economic Development through a Cultural and Financial Lens

In the Hispanic villages of northern New Mexico a quest for the development of culturally appropriate and economically sustainable hubs has created new methodologies.   It was a push to move the villages from a colonial area design to something new and more progressive. The author Kristina Fisher (2008) discusses how business development and agricultural improvement can be fostered through non-profits.  The War on Poverty and The New Deal created much activity in the region but communities soon when back to their traditional ways of life.   Some questioned the logic of these programs and the ability to raise local Hispanic communities out of poverty. In 25 years since the non-profit Ganado del Velle was created it used the hub and spoke model to create interrelated economic development projects that led to higher levels of local development.  The model used incubation with hub and spoke model to develop the natural and cultural resources of the valley. Some of their works