The Local Economy
The self-supporting local economy is perhaps the largest point of difference between a VillageTown and a conventional development. A conventional development relies on the health of the regional or national economy. When that economy crashes, the community suffers.
Not so with the VillageTown which builds in resilience by looking after its local economy from day one.
A VillageTown creates its own self-supporting local economy, meaning people bring their businesses and jobs with them. It also keeps the net profits from the development (normally taken by the developer), so that it starts out with a large legacy fund that can support its local businesses. It uses these funds and their expert managers to expand markets and inject resilence into private small to medium enterprises. It de-monetizes many aspects of day-to-day life, on the principle that it is cheaper to save a dollar than earn one. In all of these aspects, it relies on market forces, but smartly. It sees the wisdom in combined purchasing power and in protecting the local economy from outside predatory practices that seem to have become the norm in business.
There is a lot more to this subject, so click here to read more if economic wellbeing is of interest to you.