A significant feature of the favela urbanization efforts is a commitment to investing in the development of the local economy. The government and local social organizations have implemented a number of initiatives geared towards income generation and the growth of trade.

One of the very first forms of community commerce was favela tourism, which began to take root in the 1990s and has grown significantly in popularity in the past decades - In the most sustainable and conscientious 'favela tours' locals act as guides, and all profits are taken as income, or re-invested in community social projects.

one of The most profound effect of favela tourism is the way it has altered public perceptions of communities and their residents. Favelas are now widely seen as effervescent and vibrant places, attracting the development of pousadas, hostels and restaurants to cater to the increasing number of visitors.