Southern Rural Development Initiative (SRDI)
Program Name: Southern Rural Development Initiative (SRDI)
A nonprofit organization striving to improve economic conditions of poverty-stricken areas in the rural South through partnerships, community organizing, and community-based philanthropy.
Federal Reserve District(s): Richmond
Program Location: Raleigh, North Carolina Program Geography: Regional, Rural
Program Start Year: 1994 Program End Year: Ongoing
Lessons Learned Highlights:
1. Rural communities are best served by organizations that are multi-faceted.
2. Philanthropic organizations are a key sustainable development in rural areas.
Project Description:
As a nonprofit organization, Southern Rural Development Initiative (SRDI) strives to improve economic conditions of poverty-stricken areas in the rural South. Statistics show that 92 percent of the poorest counties exist in rural areas because many people tend to focus only on the problems of urban areas. Therefore, SRDI seeks to create jobs and increase incomes in rural communities. The goal is to not only increase the wealth, but to retain it within the community to form financial independence and economic success.
SRDI focuses on community development, as well as the residing individuals. By providing job training, education and social services, residents of these targeted communities can become economically productive and aid in the growth of their own neighborhoods.
SRDI receives private funding primarily from foundations, federal grants, local churches, financial institutions, donors and other income-generating activities. These funds are then allocated to finance the community development of local businesses and training courses provided for community residents. By creating local business institutions, SRDI aids in the growth of the community because the development of local businesses provides job opportunities for many individuals in rural areas, as well as continually recycling capital within the community.
All of SRDI’s accomplishments were made possible from the collaborative efforts of community organizations. These community, philanthropic, and financial groups include land based centers, statewide community development corporations, comprehensive community development corporations and community development financial institutions. By emphasizing the importance of partnerships and strengthening the effectiveness of community-based organizations, SRDI has been able to expand their work in many rural districts. Currently, SRDI works with the collaboration of 34 member organizations. Through their program, rural communities have the opportunity to grow and succeed in building their economy, but to ensure continuous growth in these areas there still exists the need for rural communities to utilize and sustain their environmental resources to create new products.
Project Results:
SRDI strives to maximize community economic development by helping to build sustainable community-controlled institutions in rural communities. SRDI mandates that rural communities build community-controlled capital; SRDI seeks not only to create jobs and income but to build community equity that converts one-time infusions of funds into sustainable sources of wealth that reside in the community. If wealth-building efforts are to benefit poor communities, they must adopt a comprehensive approach that includes human development including workforce skills training, education and social services. SRDI believe that social capital, community organization and technical skills are necessary to catalyze and sustain development in poor communities. Rural communities must find environmentally sustainable ways to create and market natural resource products to build the rural economies of the future. SRDI focuses on multiplying results through collaboration and strategic partnerships.
SRDI has compiled a Philanthropy Index (the Index) to measure philanthropic potential in southern rural communities. The Index uses 12 hard data indications of philanthropic potential and a process to extract leaders’ “local knowledge” about the community to predict philanthropic potential. SRDI realizes that the rural South reaching its fullest potential depends on its ability to increase capital flows and to spotlight the bleak economic conditions of many of its communities.
The Philanthropy Index process Guidebook and Workbook are available for free online at this URL: . The Index Resources link on the Philanthropy Index website also provides detailed lists of resources for each of the seven stages of SRDI’s strategic planning process.
A case study of the SRDI approach to development can be found at .
Lessons Learned:
• Rural communities are best served by organizations that are multi-faceted. SRDI has learned that developing rural communities requires different types of organizations. In order to be successful, these groups have to take on many services as opposed to specializing in one. This aspect strengthens the organization and encourages them to take a broader approach. In order to be most effective in rural community development, SRDI had to focus on employment issues and not just housing development.
• Philanthropic organizations are a key to sustainable development in rural areas. Finding such resources to have an impact was a challenge since most philanthropic organizations exist in urban areas. However, SRDI has discovered many commonalities in urban and rural community development at the state policy level to alleviate this problem. The strategic planning process can also uncover existing resources that were previously unknown or underutilized.
Program Lead:
South Eastern Council Foundation
Program Partners:
South Eastern Council Foundation, Aspen Institute, South Carolina Association of Community Development Corporations, Hope Units Fund of Alabama, Louisiana Association of Nonprofits, Corporation of Enterprise Development, Babcock Foundation
Contact Name, Address, Phone Number and E-mail:
Debby Warren srdi@
Executive Director Phone (919) 829-5900
128 E. Hargett Street
Suite 202
Raleigh, NC 27601
Project Web Link:
Related Web Links:
Category:
Community Development: Partnerships, Capacity Building, and Activity
Key Words:
Philanthropy, planning
Record Last Update Date: September 8, 2004
This document was obtained from the Federal Reserve Bank of Chicago Website at cedric/lesle/index.cfm. The Federal Reserve System attempts to verify the information presented, but cannot guarantee the accuracy of any information nor does the inclusion of any particular project or program represent an endorsement by the Federal Reserve System. The views expressed herein do not necessarily represent the views of the Federal Reserve System. For additional terms and conditions that apply the use of this and other information obtained from the Federal Reserve Bank of Chicago Website please review the Privacy Policy and Legal Disclaimer found at the Website address listed above.
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