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Americans' long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business-even though roughly half the jobs and the output in the private economy come from them. So, how can people increasingly concerned with the poor returns from Wall Street and the devastating impact of global companies on their communities invest in Main Street?

In Local Dollars, Local Sense, local economy pioneer Michael Shuman shows investors, including the nearly 99% who are unaccredited, how to put their money into building local businesses and resilient regional economies-and profit in the process. A revolutionary toolbox for social change, written with compelling personal stories, the book delivers the most thorough overview available of local investment options, explains the obstacles, and profiles investors who have paved the way. Shuman demystifies the growing realm of local investment choices-from institutional lending to investment clubs and networks, local investment funds, community ownership, direct public offerings, local stock exchanges, crowdfunding, and more. He also guides readers through the lucrative opportunities to invest locally in their homes, energy efficiency, and themselves.

A rich resource for both investors and the entrepreneurs they want to support, Local Dollars, Local Sense eloquently shows how to truly protect your financial future--and your community's.

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Book, Economics, Business & Investing, Development & Growth

Details

ISBN-10:  1603583432
ISBN-13:  978-1603583435
Genre:  Business & Investing
Publisher:  Chelsea Green Publishing
Date Published:  February 20, 2012
Format:  Paperback
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review by . March 14, 2013
A good way to achieve real prosperity in America is to invest money in local businesses, instead of the multi-national conglomerates of this world. This book shows some ways to do it.      First of all, forget about the usual method, that of buying shares in a local store. The vast majority of investors are "unaccredited," and for a local store to legally offer shares to the public requires an accountant, a lawyer, and several thousand dollars in expenses. A way around …
review by . July 10, 2012
"For eight decades Americans have endured a system that all but banned 98 percent of us from investing in the local half of the economy. Few of us even noticed, let alone judged it an abomination. Why did it matter that our life savings went exclusively into global business while our communities fell apart?.......The wall cutting off 98 percent of the U.S. public from the other half of the economy needs to be torn down if we ever wish to restore economic viability to our communities." …
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Local Dollars, Local Sense: How To Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity
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