A four-session virtual workshop designed to help grassroots investors and community groups develop practical, local investment strategies, to fuel innovation and resilience in the community.
mall businesses throughout Vermont and New Hampshire have been devastated by the COVID-19 pandemic and related shutdowns, as have the local economies that depend on them. One readily available solution—one that does not depend on government bureaucracies—is to mobilize grassroots investment. Americans now have $56 trillion in stocks, bonds, mutual funds, pension funds, and insurance funds—nearly all of it invested in global corporations. Here in the Upper Valley, one conservative estimate is that there are $5-6 billion in locally managed investments; this figure does not include the untold billions invested by local residents but managed out of state.
Recent changes in the law (around investment crowdfunding, for example) make it cheaper and easier for nonaccredited investors to put money into local businesses. However, most of us believe we have no choice but to continue to invest our money in the stocks and bonds of the world’s biggest companies, even if we barely understand them. There are real alternatives, but few of us know about or consider them. In fact, you can invest in everything that matters to you. You can put your money into that neighborhood grocery store you love, your little sister’s first house, or your nephew repayment of high-interest student loans. If you’re smart about local investing, you can do this in a way that provides substantial, stable financial returns and lower risk than for Wall Street investments. Plus, local investments come with social returns on investment and wind up strengthening your community, local resilience, and the tax base.
Local Investment 101 aims to help participants answer three essential questions:
- How can I rebuild my community and the local economy after the ravages of COVID-19?
- How can I make my community more resilient to better prepare for future global crises?
- How can I move my money into the businesses, projects, places, and people I know and love?