Local Return Strategy

Local Return

A vision for local economic control

Our vision is for Rhode Island families and communities to control their own economic destiny. Our mission is to build community wealth in Rhode Island through ownership and investment, particularly in neighborhoods that have experienced historical disinvestment.

Community wealth-building is creating and using local assets to make our communities more vibrant, developing assets in such ways that the wealth stays local, and helping our families and communities control their own economic destiny.
The Path Forward

Theory of Change

If we...

• Change the narrative

• Generate community investment

• Build ownership models

...it will lead to...

• Consciousness

• Capacity

...in order to increase...

• Generative capital for local ventures

• Local ownership of local assets

...which results in...

• Community wealth

How we approach our work

OUR VALUES

GROWTH

We are committed to imagining and creating new possibilities. We grow forward by carving a path forward, removing barriers, going from programs to systems. We build ladders. 

WHOLENESS

We take an ecosystem approach, building the plane and the runway. We are building intergenerational wealth for neighborhoods and families. We believe in acting as whole-people and whole-communities, bringing to bear all of the assets and capitals that exist in ourselves and our places.

GENERATIVE

We hold ourselves accountable to producing positive impact through both process and results. We seek communities that generate opportunity and prosperity for everyone. Wealth generates resilience.

ABUNDANCE

Assets, wisdom, and resilience abound in our communities and people. Our role is to enable them to thrive. We make offerings from our strengths. We believe that the complexity required for shared prosperity can only be held by community.

Our Strategies

The Actions we take

Our commitment to fulfilling the company's vision and mission is reflected in the strategic action steps we consistently undertake, driving us closer towards our organizational goals with purpose and determination.

CHANGE THE NARRATIVE

Offer an alternative vision/alternative options to the current/dominant approach to economic development.

Encourage people to imagine alternatives, cultivate responsibility and enthusiasm.

GENERATE COMMUNITY INVESTMENT

Build and spark vehicles for local investment.

Activate a network of motivated community investors.

BUILD OWNERSHIP MODELS FOR COMMUNITY ASSETS

Develop a pipeline of community investees.

Generate and preserve locally owned and community benefitting assets.

GROW ORGANIZATIONAL CAPACITY AND STABILITY TO MEET MISSION

Increase revenue. Secure paid staff capacity. Continuously learn and improve. Consider structure.

Our current priorities include:

• Urging state and local government officials to use American Rescue Plan Act recovery funds to advance community investment and ownership
• Creating a pilot Community Investment Fund for Rhode Island
• Leveraging existing ecosystem resources to weave stronger support for models that promote wealth, resilience, and regeneration
• Raising the public’s consciousness around economic choices

We Do This By

• Building the local community investment ecosystem.
• Increasing community consciousness and capacity around local economies, community investment, and ownership
• Promoting local policies and practices that support a vibrant and just local economy

Local Return's Actions

Programs that create a new economic paradigm for Rhode Island

Local Return builds programs that strengthen Rhode Island’s local economy by connecting people, capital, and community-driven ideas to create a more equitable and resilient economic future. See our current programs below.

Jumpstart Rhode Island logo, showing four houses in a light blue, with green and red pinwheel in the center, and the words Jumpstart Rhode Island underneath.

Jumpstart RI

Jumpstart Rhode Island works to revitalize Rhode Island through training, mentoring, and networking for local aspiring developers.

Local Rhode Island Coffee Shop

Anchor the Block

Anchor the Block is a Local Return program that prepares small business owners to purchase and own their commercial real estate.

Local Legacies Logo

Local Legacies

Local Legacies exists to close that gap between the business owners approaching the end of one chapter needing a plan for what’s next for their business.

Move Your Money

Move Your Money is a campaign to educate Rhode Islanders about the importance of spending, investing, and banking local and to inspire them to take action.

2030 OBJECTIVES