Small town businesses are starved for capital, but small town people continue to bank and invest their money with corporate behemoths based on Wall Street. What if we could change investing from a gamble in the stock market into a local development tool? Local investing is the answer.
|Local Dollars, Local Sense and Locavesting
complement each other as guidebooks
for a new type of local investing.
If small towns could redirect even a tiny percentage of funds invested outside their town, they could change the face of their town. And many towns already have.
Michael Shuman has written your guide, Local Dollars, Local Sense.
Shuman has a long history of activism for local business. His book is an activist’s guide to remaking your town.
Several months ago, I interviewed Amy Cortese, the author of Locavesting. She is a journalist and writer. Her book is more of the consumer version than the activist.
Both books are useful. In fact, Cortese and Shuman shared early manuscripts with each other to reduce overlapping examples and to make the books complement each other. And I predict you’re going to be hearing a lot more about local investing from both authors over the coming years. Watch for them at conferences and events.
Local Dollars, Local Sense and Locavesting are both required reading for everyone in small town or rural economic development today. Local investing is that important.
Small business owners looking for alternative financing will find descriptions of many different tools that can work: community ownership, cooperatives, royalty financing, CDFIs, and more.
Economic developers will find many entrancing ideas in this book, backed up with examples and studies.
You can purchase these books through your local book store or Amazon:
Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity–A Community Resilience Guide
Locavesting: The Revolution in Local Investing and How To Profit From It
Disclosure: these Amazon affiliate link benefits our contributor Jon Swanson’s not-for-profit projects.
Is your town doing something cool with local investing? We’d love to hear about it.
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Get our updates.
- How small town businesses can market to remote workers and turn them into new customers - May 15, 2023
- Survey of Rural Challenges 2023 results - May 8, 2023
- Rural and small town ideas from the OU Placemaking Conference IQC 2023 - April 5, 2023
- Rural tourism trends say small towns are still cool - March 27, 2023
- Move Your Money and Bank Local - March 22, 2023
- Using a building as a warehouse or storage in a small town? Put up a sign - March 13, 2023
- How to get customers in the door of small town and rural retail stores - February 19, 2023
- Check your small business website for outdated pandemic changes, missing info - January 31, 2023
- Rural Tourism Trend: electric vehicle chargers can drive visitors - January 15, 2023
- 2023 trends for rural and small town businesses - December 26, 2022