Community wealth building is an economic development approach that focuses on creating and sustaining local wealth within communities. It emphasizes the importance of local resources, such as small businesses, cooperatives, and community organizations, to foster economic resilience and reduce reliance on external entities. By investing in local assets, communities can enhance their economic stability and improve the quality of life for residents. This strategy often involves collaboration among various stakeholders, including local governments, nonprofits, and community members. By working together, they can identify and leverage existing resources, create job opportunities, and promote equitable access to wealth. Ultimately, community wealth building aims to empower residents and ensure that economic benefits remain within the community.