Wealth refers to the value of everything a person or family owns. Development of wealth still requires a solid foundation; the ability to create a vision and/or provide a product or service to an able community replicates that foundation.
Flint Michigan was once wealthy but as we stated earlier wealth dwells within the people. Once the original attraction, GM, pulled out we also began to see many of the residents do the same. The downside is that these were mostly middle-class families that are in the position to start and support businesses. Businesses are the generators of wealth and its development and without businesses reinvesting in the surrounding community the community slowly but surely will disappear.