• Local Investment Strategy #2: The People You Love
    June 19, 2020   Blog Posts   No Comment

    (This blog is part two of a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) Last week I talked about how investing in yourself by paying off your credit cards was the single best local investment opportunity. It’s risk free, generates a 15-20% annual return, and ultimately saves you Read more

  • Local Investment Strategy #1: Invest in Yourself
    June 10, 2020   Blog Posts   1 comment

    (This blog is the first in a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) One of my favorite Gary Larson cartoons is of a crisis clinic on fire, floating down a river, about to plunge over a waterfall.  That’s what my life was like in 2008.  That was Read more

  • Adopt A Local Business
    May 11, 2020   Blog Posts   No Comment

    Many of us show our compassion and generosity through acts of adoption. Adopt a tree, adopt a baby giraffe, adopt a schoolchild, etc. For the last two weeks, my partner Audrey and I adopted a lovely four-legged pooch named Annie. Her “person,” a close friend, had to travel to Western Massachusetts to be with her dying mother. I’m not exactly a dog person—I didn’t grow up with dogs, and throughout Read more

  • Public Procurement: The Untapped Stimulus
    May 4, 2020   Blog Posts   No Comment

    My recent recommendation to radically overhaul public procurement (one of “A Dozen Asks for Your Governor”) elicited lots of great questions. Today’s blog explains in more detail what needs to be done and why. Let’s begin with the bottom line: In 2017, according to Census data, state and local governments collectively spent about $3.7 trillion. Increasing the flow of these trillions toward local businesses in the post-COVID era could generate Read more

  • Rebooting Your Community After COVID-19
    April 21, 2020   Blog Posts   No Comment

    I’m currently offering a workshop on how to help revive your community’s economy as the COVID-19 pandemic recedes, through a specific, comprehensive local investment strategy.  You can find details for planning a virtual or live (should that option become feasible) workshop on my Speaking page. Feel free to reach out to AudreyDumentat@gmail.com for more details. 

  • Lawyer-Free Crowdfunding in Maryland
    April 21, 2014   Blog Posts   1 comment

      I’m pleased to report that crowdfunding reform has just reached an important milestone in the state where I live—Maryland.  Legislation just passed by the state legislature and signed by Governor Marty O’Malley now allows every Maryland resident to lend up to $100 to any local business with virtually no legal hassles whatsoever.  The fact that neither expensive legal documentation nor a cumbersome intermediary “portal” is required is, frankly, revolutionary. Read more

  • Local Investment Strategy #3: Become a Homeowner
    September 10, 2020   Uncategorized   2 Comments

    (This blog is part of a 12-part series on opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) The COVID economy is riddled with bad news, but there is one bright spot: Interest rates are at a historic low.  This week The Wall Street Journal had the following headline on the front page: “Mortgages Read more

  • The 10 Dumbest Phrases Used By Economic Developers
    September 2, 2020   Blog Posts   No Comment

    ED.  Everyone’s got it, and no one wants to talk about it.  I’m referring, of course, to the wonderfully loopy world of economic development.  While no blue pill can cure it, you might be able to help. Below are ten common phrases used by economic developers that suggest they are on the wrong track. If you hear any of them, politely engage your ED friends and try to nudge them Read more

  • 7 Ways to Grow Your Economy Now
    August 24, 2020   Blog Posts   No Comment

    A tidal wave of red ink, precipitated by COVID-19 shutdowns, is now drowning towns, cities, and counties across America. Massive cuts in services loom ahead, as do huge tax hikes.  Localities face unprecedented challenges in rebooting their economies. Where I live, in Montgomery County, Maryland, the County Executive recently empaneled about twenty businesspeople and economic-development experts, including yours truly, to devise a strategy for moving forward.  I’d like to share Read more

  • Three Free Events in the Next Two Weeks
    July 8, 2020   Blog Posts   No Comment

    If you are going stir-crazy spending your summer indoors, I can help. Here are three events, dear friends, I hope you will consider attending. All local-economy related. All free. All filling up fast! First, I will participate with my dear friend Judy Wicks this Thursday, July 9, at 2 pm EDT in a conversation sponsored by the Schumacher Center for New Economics. Each year the Center asks three people from Read more

  • When I’m 64…
    June 4, 2020   Blog Posts   No Comment

    If I’d been out till quarter to three Would you lock the door Will you still need me, will you still feed me When I’m sixty-four. – The Beatles If ever there were an inauspicious week for the release of my latest book, PUT YOUR MONEY WHERE YOUR LIFE IS, this is it.  Okay, maybe the week of September 11, 2001, or December 7, 1941.  This was also the week Read more

  • 8 Ways To Avoid Becoming A Zoombie
    April 24, 2020   Blog Posts   4 Comments

    The film World War Z depicts a pandemic that spreads rapidly across the planet and transforms its victims into terrifying Zombies. What it failed to anticipate was how a pandemic could reduce our social interactions to exhausting, numbing Zoom sessions. Must social distancing mean the loss of our humanity? Close social interactions are the essence of community. Author Bill McKibben once observed that a shopper has about ten times more Read more