Tuesday, June 5, 2012
Locavesting by Amy Cortese
From Library Journal: "With the recent crash of the financial markets, many investors are looking for new places to put their money. At the same time, many small businesses are finding it ever more difficult to get credit. Cortese, a former BusinessWeek editor, covers this current confluence, providing examples of how investing in local small businesses can be beneficial to all parties. Her examples include a brewpub in Austin, TX, with a multitude of "owners," an organic dairy farm in upstate New York that found "angel" investors through a sign they posted at their farmers market stand (almost getting themselves in trouble with the Securities and Exchange Commission along the way), and a former Iraq War veteran struggling to get funding to open a day-care center. Various types of funding methods are discussed, including cooperatives, credit unions, local stock exchanges, community development funds, public venture capital, and raising money through social networking. Timely and easy to read, this is a nice introduction to something many of us have never considered."
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