Every Community Needs a Neighborhood Exchange Three years ago, the Maryland Neighborhood Exchange was just a dream. We envisioned creating a website listing great local investment opportunities in Baltimore and mobilizing residents to invest in them. Here’s what’s happened since: The Exchange has helped 44 Baltimore businesses successfully raise $3.3 million from nearly 6,000 investors.
If you’ve read my blogs over the past year, you understand why local investment is an essential tool for revitalizing your community. It also can improve your own bottom line, as well as your family’s and friends’ bottom lines. Now I want to show you how you can become an expert local investor. Here are
Every community in America is struggling to recover from a year of COVID-19 shutdowns and could benefit from a surge in local investing. Yet only a handful of communities are prepared to embrace this strategy. An inspiring example is Market Center in Baltimore. I’m now working with the Market Center Merchants Association to embark on
Last week, I offered 18 of 27 New Year’s Resolutions on how you can create a vibrant local investment ecosystem. You and your neighbors can use your savings to boost your community’s economy and speed its recovery from COVID-19. I suggested ways to get your local businesses “investment ready,” to create more investment options for
Happy New Year! If you are unsure how to fix your community after a year of COVID shutdowns, bankruptcies, deaths, and despair, I’d like to offer 27 resolutions. The focus of all 27 is how to jump-start your economy by mobilizing local capital for local businesses, projects, and people, in relatively easy and inexpensive ways.
If you believe the portrait of rural America depicted in the Netflix film Hillbilly Elegy, you might conclude that its residents are hopelessly impoverished, addicted, and depressed. That’s also the view of Eduardo Porter in “The Hard Truth of Trying to ‘Save’ Rural America,” whose much-discussed piece in the New York Times argues that the
Please, no! Not another economic development study on how to expand the local clusters! Haven’t we learned anything about the fragility of global dependencies from this pandemic? Last week, I spent several hours reading two recent economic-development studies done for Ulster County, New York. One was entitled “Food and Agriculture Cluster Development.” It was a
Congratulations, fellow localizers! Our arguments are winning! Why else would the globalization elite be going out of their way to attack us? The lead editorial of the November 7th issue of the Economist skeptically asks, “Why Is the Idea of Import Substitution Being Revived?” Import substitution, of course, is a technical term for localization, where
No, not the election. But a revolutionary change in securities law. Last week, in a 3-2 decision, the Securities and Exchanges Commission (SEC) tweaked a bunch of regulations concerning investment crowdfunding. The headliner change increased the maximum amount a company can raise in a year from $1 million to $5 million, which means that many
“Ooh, a storm is threatening My very life today If I don’t get some shelter Ooh yea, I’m gonna fade away.” – Rolling Stones We interrupt this election nail-biter for a special news flash: No matter who wins the presidency, the country is facing a staggering housing crisis. Even before the COVID-19 pandemic, communities across
As you deliberate over your ballot decisions in the next few days, one choice should be easy: Ask whether any candidate favors giving away taxpayer money to attract global companies. If the answer is “yes” – even a squishy conditional “yes” – throw the bum out. I have no clue where Vice President Joe Biden
The summer of 2020 may be receding, but it now feels like the beginning of another summer, 1914, when a Serbian nationalist assassinated the heir to the Austro-Hungarian empire, Archduke Franz Ferdinand. What could have been an isolated tragedy escalated because of rigid alliances, heavy arms buildups, and stubborn pride. World War I ultimately killed