Americans are united on one point: Wall Street can no longer be trusted. Yet most of us invest our money in Fortune 500 companies, transferring our capital far from where we live and work. Fortunately, there is an alternative. Local investing expert Michael Shuman shows how anyone can use two well-established—but rarely used—investment tools to keep their money close and see equal or greater returns while supporting their community and values. Shuman explains the nuts and bolts of Self-Directed IRAs and Solo 401(k)s and provides a detailed road map on how you can become a successful local investor.
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.
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.
In The Small-Mart Revolution, Michael Shuman shows that the benefits of mega-stores and huge corporations that supposedly deliver to communities are illusory. Crunch the numbers and you’ll find that locally owned businesses turn out to be much more reliable generators of good jobs, economic growth, tax dollars, community wealth, charitable contributions, social stability, and political participation.
Designed to appeal to both activists and public officials, this guide proposes a home-grown, community-based economic strategy meant to revive local marketplaces while allowing those small towns to serve the needs of a wide range of citizens. 10,000 first printing.
A workbook detailing a new approach to economic development from the local economy perspective. Complete with twelve chapters of actionable tasks and hands-on activities, from Entrepreneurship and Community Capital to Public Policy and Local Investment.