Where will the green jobs of the future come from after the stimulus money dries up? Author Woody Tasch (Inquiries into the Nature of Slow Money Investing as if Food, Farms, and Fertility Mattered) believes local entrepreneurs—”nurture capitalists”—will step in and fill that role. It’s the overarching principle of the Slow Money Alliance, a group of angel investors that asks: What would happen if investors took half the money they have in the stock market and invested it within 50 miles of where they live? In local, sustainable farms, farmers markets, and restaurants?
Tasch believes Slow Money is the future of the economy: a new green economy. An economy built on respect for the soil, for the farmer, the consumer, and the planet.
Triplepundit’s Scott Cooney was duly impressed with Mr. Tasch’s presentation at the Green America Green Business Conference:
Woody Tasch, author of Slow Money, and President and Chairman of the Slow Money Alliance, spoke on day 2 of the Green America Green Business Conference. He had a tough act to follow, getting up on stage right after Phaedra Ellis-Lamkins of Green For All.
Tasch, in his characteristic charismatic and down-to-earth style, was more than up to the task. The final question asked of Ellis-Lamkins was ‘What happens when stimulus money dries up? Where will the green jobs come from if the green labor force Green For All is working with don’t have entrepreneurial skills to create their own?’ Tasch was thrilled to be able to pick up the ball and run with that question, as a beautiful segue to the financial side of the new green economy.
“I’m so glad that young man asked that question. Where’s that money going to come from?” he asked. “It’s going to come from us. For some reason, we all have our money in the stock market.” What would happen, he ponders, if we were all to invest 50% of our assets within 50 miles of where we live? If organic farming and small food enterprises are key to the health of the economy and society, why do they receive so little funding from government, philanthropy and capital markets?
Tasch showed the cover of Time Magazine from two months ago: The High Price of Cheap Food. It was Time Magazine, not a lefty/progressive publication like Mother Jones, that had packaged beef on its cover, proclaiming that our food system was bad for our health, bad for our environment, bad for society, and completely unsustainable.
It all starts with food. Can we invest locally to produce a healthy food economy that will provide stable income, jobs, and opportunities for anyone? Food that won’t kill us? Food that won’t deplete soils, pollute water, and degrade our landscapes?
Photo: Patty Kestin