Strengthening Local Economies: Michael Shuman on Investing in Small Businesses

Posted on Monday, April 2nd, 2012 at 8:00 am by jmccharen

Earlier this month Michael Shuman participated in a web event with Orion magazine, and explained the massive shift toward local investment that he outlines in his new book Local Dollars, Local Sense.

If you missed it, you can still listen to the whole thing on Orion‘s website, or on the newly launched Resilience.org, run by the Post Carbon Institute. Local Dollars, Local Sense is the first book in the Community Resilience Guide series, a joint effort of PCI and Chelsea Green, so stay tuned for the next books in the series!

Web Event Summary: Not even 1 percent of Americans’ long-term savings are invested locally, largely because it’s just not possible under the current system. But what would our towns look like if a larger fraction of this $30 trillion were in local economies? Local businesses account for half of the jobs and economic output in the U.S., so the effect could be important. During Orion‘s latest live web event, Michael Shuman, author of the new book Local Dollars, Local Sense, discussed innovative ways that citizens can improve their local economies while growing their own bank accounts.

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