In this episode of Voices in Local Government, ICMA assistant program manager Gabe Daugherty speaks with Sydney Davis, a fellow in the Economic Recovery Corps (ERC) program. They discuss the unique aspects of the ERC, which focuses on building long-term economic resilience by investing in people and local systems rather than just funding projects. 

Davis shares her experience working with the National Coalition for Community Capital in Michigan, highlighting the importance of community capital and local investment. The conversation explores the success factors of the ERC program in Michigan, the lasting impact of the fellowship, and the shift in mindset required for sustainable economic development.

Key Takeaways

• The ERC program focuses on building long-term economic resilience.
• It funds people and capacity, not just projects.
• Communities gain repeatable local controllable tools for investment.
• Economic development is a relational function, not just technical.
• Local governments can be conveners and enablers of economic growth.
• Community capital allows residents to invest in local businesses.
• The ERC experience emphasizes the importance of trust and relationships.
• Resilience is built through alignment with community priorities.

Resources

Economic Recovery Corps (ERC)

Community Investment Fund Handbook & Toolkit: The National Coalition for Community Capital is a great resource. NC3 offers practical education, case studies, and tools that help communities understand what’s possible beyond traditional grants and incentives—and how to approach these models responsibly.