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Harvesting Investment Dollars from the 99%: Cutting Edge Ways to Fund Your Food Business

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Drawing from his new book, “Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street,” Michael Shuman will explain a dozen, low-cost strategies local businesses are using to secure new capital from the general public.

March 15, 2012: Harvesting Investment Dollars from the 99%: Cutting Edge Ways to Fund Your Food Business

Description

Whether your food business is a for-profit, a co-op, or nonprofit, chances are good it’s way underfunded…or worse. Banks won’t extend loans.   Wealthy “accredited” investors prefer big companies.  Foundations like the idea of PRIs better than the practice.  Where else can you turn?  Well…there’s the other 99% of the public that’s “unaccredited” and historically regarded as off-limits to local business…

Drawing from his new book, “Local Dollars, Local Sense:  How to Shift Your Money from Wall Street to Main Street,” Michael Shuman will explain a dozen, low-cost strategies local businesses are using to secure new capital from the general public.  He will talk about specialized bank CD programs, prepurchase deals, new-generation cooperatives, internet sponsorship sites (like Kickstarter), P2P lenders (like Prosper and Kiva), community lending circles, investment clubs, municipal bond schemes, local revolving loan funds, direct public offerings, and local stock exchanges.  He also will report on the latest news of a crowdfunding reform bill – sponsored by Tea-Party Republicans but endorsed by the Obama Administration – that is working its way through Congress and could literally make trillions of dollars of new capital available to local business.

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Presenter Bio

Michael ShumanMichael H. Shuman is an economist, attorney, author, and entrepreneur, and one of the world’s leading experts on community economics. He has authored, coauthored, or edited eight books. His most recent book, just published by Chelsea Green, is Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street and Achieve Real Prosperity. His previous book, The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006), received a bronze prize from the Independent Publishers Association for best business book of 2006. He splits his time between two organizations, the Business Alliance for Local Living Economies (BALLE) and Cutting Edge Capital LLC. He helped co-found BALLE, which represents 22,000 local businesses in North America in 80 communities, and is now a Fellow there. At Cutting Edge Capital, a consulting firm that helps communities and businesses solving finance challenges, he manages its economic-development initiatives. A prolific speaker, Shuman has given an average of more than one invited talk per week, mostly to local governments and universities, for the past 30 years. He has lectured in almost every U.S. state and eight countries.

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