Collborative Finance: Financial Literacy
Over the years, ViTAL Economy (VE) has watched regional economies struggle to access capital as a result of the limited financial literacy of both those who use capital and those who provide access to it. This limitation ranges from users of capital who don’t understand the difference between cost-of-debt and equity, to local providers of capital whose financial knowledge is confined to basic fixed-asset lending.
VE has invested significant resources to develop financial literacy programs for public policy, business and elected leaders because we’ve found that financially literate leaders provide a more receptive and productive climate that more easily attracts capital investment to finance implementation of regional CED actions and business plans.
As part of our Financial Literacy Service, VE can help an economic region assess its current level of financial literacy, then design programs that raise this literacy to a level that will support its CED vision. Contact us to discuss how this service can work in your community.
Related VE Journey Point: Finance