Locavesting: The Revolution in Local Investing and How to Profit From It

Locavesting: The Revolution in Local Investing and How to Profit From It

by Amy Cortese
     
 

View All Available Formats & Editions

We buy local and eat local. So why is it so hard to invest local? The truth is, our financial markets have evolved to serve big business, a fact only underscored by the recent financial crisis and bailout. Wall Street has come roaring back, but Main Street is fighting for its life. In catering to those companies deemed “too big too fail,”

…  See more details below

Overview

We buy local and eat local. So why is it so hard to invest local? The truth is, our financial markets have evolved to serve big business, a fact only underscored by the recent financial crisis and bailout. Wall Street has come roaring back, but Main Street is fighting for its life. In catering to those companies deemed “too big too fail,” we’ve created a new group that could be labeled “too small too succeed.”

Author Amy Cortese believes that by investing locally, in the companies that create jobs and healthy communities, we can begin to rebuild the economy and repair our tattered financial system Locavesting is a how- to guide for investing locally and explores the emerging phenomenon of ‘locavesting’ through narrative accounts of people like Dante Hess, Chris Lindstrom and Woody Tasch, who are the pioneers of this movement — the Muhammad Yunus’s of the capital markets. She also illustrates how, in many ways, locavesting is a return to the very roots of our economic system — and our humanity. The book offers a totally fresh perspective on investing and explores powerful new ideas for making capitalism work again for the rest of us.

Read More

Editorial Reviews

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. VERDICT Timely and easy to read, this is a nice introduction to something many of us have never considered. A good choice for public libraries and fruitful reading for small businesses and investors.—Susan Hurst, Miami Univ. Libs., Oxford, OH

Product Details

ISBN-13:
9780470911389
Publisher:
Wiley
Publication date:
06/07/2011
Pages:
252
Product dimensions:
5.80(w) x 8.60(h) x 1.20(d)

Related Subjects

Meet the Author

Amy Cortese is a journalist who has spent her career writing about business, finance, environmental issues and food, giving her a unique perspective on how these different realms are intricately linked. A former editor at BusinessWeek, her work has also appeared in the New York Times, the New York Times Magazine, the American, Mother Jones, Portfolio, Afar, TheDailyBeast.com, and many other publications. She lives in Brooklyn, New York.

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >