Chelsea Green Publishing

The Local Economy Solution

Pages:248 pages
Size: 6 x 9 inch
Publisher:Chelsea Green Publishing
Paperback: 9781603585750
Pub. Date June 11, 2015
eBook: 9781603585767
Pub. Date June 09, 2015

The Local Economy Solution

How Innovative, Self-Financing "Pollinator" Enterprises Can Grow Jobs and Prosperity

Availability: In Stock

Paperback

Available Date:
June 11, 2015

$19.95

Availability: In Stock

eBook

Available Date:
June 09, 2015

$19.95

Reinventing economic development as if small business mattered

In cities and towns across the nation, economic development is at a crossroads. A growing body of evidence has proven that its current cornerstone—incentives to attract and retain large, globally mobile businesses—is a dead end. Even those programs that focus on local business, through buy-local initiatives, for example, depend on ongoing support from government or philanthropy. The entire practice of economic development has become ineffective and unaffordable and is in need of a makeover. 

The Local Economy Solution suggests an alternative approach in which states and cities nurture a new generation of special kinds of businesses that help local businesses grow. These cutting-edge companies, which Shuman calls “pollinator businesses,” are creating jobs and the conditions for future economic growth, and doing so in self-financing ways. 

Pollinator businesses are especially important to communities that are struggling to lift themselves up in a period of economic austerity, when municipal budgets are being slashed. They also promote locally owned businesses that increase local self-reliance and evince high labor and environmental standards. 

The book includes nearly two dozen case studies of successful pollinator businesses that are creatively facilitating business and neighborhood improvements, entrepreneurship, local purchasing, local investing, and profitable business partnerships. Examples include Main Street Genome (which provides invaluable data to improve local business performance), Supportland (which is developing a powerful loyalty card for local businesses), and Fledge (a business accelerator that finances itself through royalty payments). It also shows how the right kinds of public policy can encourage the spread of pollinator businesses at virtually no cost.

REVIEWS AND PRAISE

Choice-

"Shuman is an economist, an attorney, and the author of three other books on local economies. This most recent book is a practical overview of how to generate economic development without selling one's soul to big government and philanthropies. Shuman developed the book from interviews he conducted in 2014 with entrepreneurs who headed up 36 ‘pollinators,' defined as 'self-financing enterprise[s] committed to boosting local business.’ A pollinator allows a community to take on key economic development functions: identifying opportunities for local businesses (the planning), fostering buy efforts (the purchasing), training locals for business opportunities (the people), showing how local businesses can work together (the partnerships), and finding how local capital can be mobilized to expand local businesses more cost-effectively than taxpayer-funded programs can (the purse). Shuman urges readers and their friends to form local investment clubs; such clubs essentially make members part of the solution because they help those interested in joining the movement move away from 'legalized bribery,' such as offering companies tax breaks to abandon their hometowns. Taken as a whole, this book presents an engaging story of the emerging localization movement by describing real people and enterprises doing real development. Summing Up: Recommended. Lower-division undergraduates through professionals and practitioners.”

Kirkus Reviews-

"An argument against bringing large corporations to local communities through tax incentives and grants, an approach the author claims is destructive to employment and investment. Shuman (Local Dollars, Local Sense: How to Move Your Money From Wall Street to Main Street and Achieve Real Prosperity, 2012, etc.), a longtime advocate for promoting local business and a former director of the Business Alliance For Local Living Economies, asserts that "economic development today is completely broken." Citing the 750-fold increase in subsidies for the movie industry over the past decade, the author debunks the myths circulated to support attracting business in this way, and he argues that such deals do not create jobs but rather take more money out of communities than they bring in. He insists that "those who win the investment lose" and that "it's high time for economic developers to get back to business." Shuman views local startup businesses as the answer, especially the kind he calls "pollinators." These measure success more broadly than by direct returns and include significant contributions to their community and other local businesses. This approach is intended to strengthen a core feature of the current economy. "All companies that matter," he writes, "are not globally mobile." More than half are not spreading across the world but are locally owned and unlikely to move. U.S. capital markets do not often invest in local businesses. Self-financing local "pollinators" address this "huge capital market failure." Shuman believes that planners should focus on the potentials within their areas through the accumulation of the detailed knowledge necessary, and he provides ways to measure opportunities lost and potential foregone. He also discusses profiles from several cities and counties to exemplify ways in which local businesses are being promoted. These include Sustainable Connections in Bellingham, Washington, and Local First Arizona, among others. A practical overview of the untapped potentials of a substantial part of the economy."

“Michael Shuman, long a pioneer in the local-economy movement, has pushed the conversation forward once again, showcasing new tools for localists, new business models for entrepreneurs, and new development strategies for economic planners. A terrific resource for cash-strapped communities building wealth and resilience from the ground up.”--Judy Wicks, author of Good Morning, Beautiful Business, cofounder of BALLE, and founder of the White Dog Café

"Michael Shuman has done it again. In The Local Economy Solution, he shreds the conventional wisdom about economic development and local business initiatives that rely on grants. His Rx: self-financing “pollinator” businesses. This one is sure to make some waves!”--Amy Cortese, author of Locavesting: The Revolution in Local Investing and How to Profit From it 

"Shuman’s book is critically important to anyone who cares about genuine economic development. Neither left nor right politically, it’s positive and encouraging, while confronting head-on the challenges of the approach he has advocated for years. Unlike many economic development books that can be tedious, this one is engaging, even fun to read, like a good story told over a beer – but a practical story that will help communities reach a resilient future."--Michael Kinsley, manager, Rocky Mountain Institute

"Shuman's many followers in the new economics movement will relish this latest offering for its focused message, compelling stories, and coherent vision. He embodies the Gandhian dictum to both see the change and be it. Readers new to his work will be appalled to learn of the "counterproductive and corrupting" practices in mainstream economic development, and relieved to encounter the creative entrepreneurs who are "pollinating" the spread of locally rooted alternatives."--Diana Chapman Walsh, president emerita, Wellesley College 

 "Another blockbuster treatise on can-do, localized entrepreneurism. Shuman is a master.”--Joel Salatin, Polyface Farm

"Michael Shuman pulls no punches in his biting review of local contemporary economic development. Every thoughtful practitioner, whether agreeing with his critique or not, must seriously consider Shuman’s nuanced approach to growing local economies through 'pollinator' enterprises."--Robert Jaquay, The George Gund Foundation

"The emerging localization movement owes a huge debt of gratitude to Michael Shuman. A visionary thinker with decades of hard-won, grassroots experience, he offers not only a clear picture of a very different economic landscape but the steps we need to take—as individuals and as communities—to move from here to there."--Helena Norberg-Hodge, founder and director of Local Futures and producer and co-director of The Economics of Happiness

"The Local Economy Solution is Shuman at his best. Using language accessible to lay people and policy makers alike, Shuman explains why the standard model of economic development is flawed and goes into detail, with many examples, about better ways to build local economies. This should be mandatory reading for planners and business people across the country. "--Chris Morrow, Northshire Bookstores

"First rate! Cutting-edge strategies for community-sustaining business development without bribing big corporations—by one of the nation’s leading and most creative localists!”--Gar Alperovitz, author of What Then Must We Do? Straight Talk About the Next American Revolution      

"Michael Shuman’s first book showed us a vision of community economics and empowerment; his latest book, The Local Economy Solution, examines some of the best examples of community-based enterprise as he teaches us how to bring vision to reality. An excellent  and welcome addition to my library that builds on Michael’s extraordinary expertise and insights."--Jed Emerson, coauthor, The Impact Investor: Lessons in Leadership and Strategy for Collaborative Capitalism

"I have been impressed by Michael Shuman for a long time, but The Local Economy Solution sent my admiration soaring. He shows the genuine myopia and "legal corruption" of the prevailing model of state and local economic development, then he explains the new localist model taking hold in many enlightened communities; and, best of all, he brings his engaging writing skills to describing the real people and enterprises that are bringing this model to life. His book is both an inspiration and a handbook for doing real development.”--James Gustave Speth, author of America the Possible: Manifesto for a New Economy and Angels by the River: A Memoir

"Michael Shuman is a pioneering voice for an economic development model that is sustainable and truly democratic. I've read all his books and this is the best one yet. Do yourself a favor and absorb his brilliance."--Kevin Danaher, cofounder of Global Exchange, Green Festivals, and Fair Trade USA

"Michael Shuman is the world’s most knowledgeable cheerleader and observer of efforts to promote local economies, and each of his books offers essential, practical information to advance the cause. In The Local Economy Solution, he shines light on new models of local economic development that are self-financing—an all-important innovation, given that many localist efforts currently depend on subsidies and grants. If you have any interest in furthering your region’s economic resilience, this brilliant, clear book should be at the very top of your reading list."--Richard Heinberg, senior fellow, Post Carbon Institute

ABOUT THE AUTHOR

Michael Shuman

Michael H. Shuman is an economist, attorney, author, and entrepreneur, and a globally recognized expert on community economics. He is one of the architects of the crowdfunding JOBS Act signed into law by President Obama in April 2012.

He’s a fellow at Cutting Edge Capital and Post Carbon Institute and a founding board member of the Business Alliance for Local Living Economies (BALLE). He teaches economic development at Simon Fraser University in Vancouver. He has authored or coauthored nine books, including Local Dollars, Local Sense; The Small Mart Revolution; and Going Local. Shuman has performed leakage analyses and related economic­ development planning in more than ten states and has analyzed opportunities for food localization for several states, cities, counties, and regions across the nation. He has given an average of more than one invited talk per week, mostly to local governments and universities, for thirty years—in forty­seven states and eight countries. He has appeared on numerous television and radio shows, such as the The NewsHour with Jim Lehrer and NPR's Talk of the Nation and All Things Considered, and has written nearly one hundred articles for such periodicals as The New York Times, The Washington Post, The Nation, The Weekly Standard, Foreign Policy, Parade Magazine, and The Chronicle of Philanthropy. Previously, he has been a W.K. Kellogg National Leadership fellow. He is also a member of both the State Bar of California and the District of Columbia Bar, and he lives in Silver Spring, Maryland, with his two children.

ALSO BY THIS AUTHOR

Local Dollars, Local Sense

Local Dollars, Local Sense

By Michael Shuman

Local Dollars, Local Sense is a guide to creating Community Resilience.

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.

Available in: Paperback, eBook

Read More

Local Dollars, Local Sense

Michael Shuman, Peter Buffett

Paperback $17.95

Raising Dough

Raising Dough

By Elizabeth Ü

More and more entrepreneurs are using food-based businesses to solve social and environmental problems - and yet the majority of them report that a lack of access to capital prevents them from launching, maintaining, or growing their ventures. Raising Dough is an unprecedented guide to the full range of financing options available to support sustainable food businesses.

Raising Dough provides valuable insights into the world of finance, including:

  • Descriptions of various capital options, including traditional debt and equity, government grant and loan programs, and cutting-edge models such as crowdfunding and community-based alternatives
  • Guiding questions to help determine which capital options are the most appropriate given the size, stage, entity type, growth plans, mission, and values of an enterprise
  • Case studies and testimonials highlighting the experiences of food system entrepreneurs who have been there before, including both success stories and cautionary tales
  • Referrals to sources of capital, financiers, investor networks, and other financial resources.

Written primarily for people managing socially responsible food businesses, the resources and tips covered in this book will benefit social entrepreneurs - and their investors - working in any sector.

Available in: Paperback, eBook

Read More

Raising Dough

Elizabeth Ü, Michael Shuman

Paperback $19.95

AUTHOR VIDEOS

Michael Shuman Speaking Tour 2012

Michael Shuman Speaking Tour 2012

How Local Businesses Can Benefit from the Energy Crisis

How Local Businesses Can Benefit from the Energy Crisis

The Economics of Happiness

The Economics of Happiness

Michael Shuman - TEDxUVM

Michael Shuman - TEDxUVM

Rebuilding Communities: Local Economic Development

Rebuilding Communities: Local Economic Development

Michael Shuman Lecture: The Small-Mart Revolution

Michael Shuman Lecture: The Small-Mart Revolution

YOU MAY ALSO LIKE

Power from the People

Power from the People

By Greg Pahl

Over 90 percent of US power generation comes from large, centralized, highly polluting, nonrenewable sources of energy. It is delivered through long, brittle transmission lines, and then is squandered through inefficiency and waste. But it doesn't have to be that way. Communities can indeed produce their own local, renewable energy.

Power from the People explores how homeowners, co-ops, nonprofit institutions, governments, and businesses are putting power in the hands of local communities through distributed energy programs and energy-efficiency measures.

Using examples from around the nation - and occasionally from around the world - Greg Pahl explains how to plan, organize, finance, and launch community-scale energy projects that harvest energy from sun, wind, water, and earth. He also explains why community power is a necessary step on the path to energy security and community resilience - particularly as we face peak oil, cope with climate change, and address the need to transition to a more sustainable future.

This book - the second in the Chelsea Green Publishing Company and Post Carbon Institute's Community Resilience Series - also profiles numerous communitywide initiatives that can be replicated elsewhere.

Available in: Paperback, eBook

Read More

Power from the People

Greg Pahl, Van Jones

Paperback $19.95

Lean Logic / Surviving the Future Set (2-Book Bundle)

Lean Logic / Surviving the Future Set (2-Book Bundle)

By David Fleming and Shaun Chamberlin

Two inspiring books for one price.

When British economist David Fleming died unexpectedly in 2010, he left behind his great unpublished work, a masterpiece more than thirty years in the making. In it, Fleming examined the consequences of an economy that destroys the very foundations—ecological, economic, and cultural—upon which it is built. Knowing that collapse is the only possible outcome, he asked, and envisioned, “What will follow?”

In partnership with Fleming’s estate and his close friend and collaborator Shaun Chamberlin, Chelsea Green Publishing is publishing Fleming’s posthumous work—Lean Logic: A Dictionary for the Future and How to Survive It, with a foreword by Jonathon Porritt. Characteristic of Fleming’s wit, whimsy, and rebellion, he chose an all but bygone form—a written dictionary—to express his views of a future beyond industrial capitalism.

A dictionary unlike any other, Lean Logic leads readers through Fleming’s exploration of fields as diverse as culture, history, science, art, logic, ethics, myth, economics, and anthropology, comprised of more than 400 essay-entries covering topics such as Boredom, Community, Debt, Growth, Harmless Lunatics, Land, Lean Thinking, Nanotechnology, Play, Religion, Spirit, Trust, and Utopia.

The beauty of the linked dictionary format is that it allows Fleming to draw attention to connections that might otherwise be overlooked (each definition contains pointers to related entries) without detracting from his in-depth exploration of each topic. This also allows readers to follow a narrative that reflects their own inquisitive journeys.

And since Fleming’s death in 2010, Chamberlin found growing demand among fans of his work for a paperback version, to concisely present his rare insights and uniquely enjoyable writing style in a more conventional read-it-front-to-back format, perfect for readers discovering Fleming for the first time.

So, alongside Lean Logic, Chelsea Green is publishing Surviving the Future: Culture, Carnival and Capital in the Aftermath of the Market Economy, edited by Chamberlin, with a foreword by Rob Hopkins. The book’s subtitle hints at Fleming’s compelling alternative, and there is no doubt that his far-sightedness has become even more apparent over recent years. He foresaw the schisms and convulsions shaking the economies of Europe, and was among the first in the world to reveal the ongoing pressure on oil supply and predict the subsequent growth in “unconventional” oil and gas, with all its consequences.

Fleming acknowledges, with honesty, the challenges we face. But rather than inducing despair, Lean Logic and Surviving the Future inspire optimism in the creativity and intelligence of humans to nurse our ecology back to health; to rediscover the importance of place and play, of reciprocity and resilience, and of community and culture. Ironically, the post-growth society Fleming envisioned can only come to pass after his death.

As Fleming writes in his introduction to Lean Logic, “The shocks of descent converging into our culture’s ‘climacteric’ will leave nothing in our lives unchanged. We cannot now avoid it, but it can be managed, mitigated, made survivable, recognised as our species’ toughest, but greatest, opportunity… We need to build the sequel, to draw on inspiration which has lain dormant, like the seed beneath the snow.”

This bundled set offer is only available from Chelsea Green.

Available in: Quantity pack

Read More

Lean Logic / Surviving the Future Set (2-Book Bundle)

David Fleming, Shaun Chamberlin

Quantity pack $60.00

Confronting Collapse

Confronting Collapse

By Michael C. Ruppert

The book that inspired the movie Collapse.

The world is running short of energy-especially cheap, easy-to-find oil. Shortages, along with resulting price increases, threaten industrialized civilization, the global economy, and our entire way of life.

In Confronting Collapse, author Michael C. Ruppert, a former LAPD narcotics officer turned investigative journalist, details the intricate connections between money and energy, including the ways in which oil shortages and price spikes triggered the economic crash that began in September 2008. Given the 96 percent correlation between economic growth and greenhouse gas emissions and the unlikelihood of economic growth without a spike in energy use, Ruppert argues that we are not, in fact, on the verge of economic recovery, but on the verge of complete collapse.

Ruppert's truth is not merely inconvenient. It is utterly devastating.

But there is still hope. Ruppert outlines a 25-point plan of action, including the creation of a second strategic petroleum reserve for the use of state and local governments, the immediate implementation of a national Feed-in Tariff mandating that electric utilities pay 3 percent above market rates for all surplus electricity generated from renewable sources, a thorough assessment of soil conditions nationwide, and an emergency action plan for soil restoration and sustainable agriculture.

Available in: Paperback, eBook

Read More

Confronting Collapse

Michael C. Ruppert, Colin Campbell

Paperback $15.00

Occupy World Street

Occupy World Street

By Ross Jackson

Ordinary citizens the world over have long paid the price for the swashbuckling behavior of the corporate and political elite. We've seen the reigning establishment widen the gap between rich and poor, champion endless growth on a finite planet, wreak havoc on developing nations, and ravage ecosystems in a mad race for natural resources.

Now, as demonstrators worldwide demand change, Occupy World Street offers a sweeping vision of how to reform our global economic and political structures, break away from empire, and build a world of self-determining sovereign states that respect the need for ecological sustainability and uphold human rights.

In this refreshingly detailed plan, Ross Jackson shows how a handful of small nations could take on a leadership role; create new alliances, new governance, and new global institutions; and, in cooperation with grassroots activists, pave the way for other nations to follow suit.

Available in: Paperback, eBook

Read More

Occupy World Street

Ross Jackson, Hazel Henderson

Paperback $19.95