This study seeks to find out and analyze in more depth the effect of financial capital, human capital, and natural resource capital on economic growth and its impact on the welfare of society in the Batam City Riau Islands Province industrial area. The population in this study is the people who live in the industrial areas of the islands of Batam. Testing of the model in this study, with Generalized Least Square Estimation (GLS), structural equation modeling (SEM) analysis, proportional random sampling method and Amos 24 software assistance, on 240 respondents from 10 times (19 indicators + 5 variables). The test results show that the model (fit) can be seen from the values of GFI, AGFI, TLI, CFI, RMSEA and CMIN / DF, each of which is 0.915, 0.901, 0.949, 0.953, 0.063 and 1.376 all within the range of expected values so that the model can be accepted. The results showed that: 1). Financial capital has a significant effect on economic growth. 2). Financial capital has no significant effect on people's welfare. 3). Human capital has a significant effect on economic growth. 4). Human capital has a significant effect on people's welfare. 5). Natural resource capital has a significant effect on economic growth. 6). Natural resource capital has a significant effect on people's welfare. 7). Economic growth has a significant effect on community welfare in the Riau Islands Industrial Area.