Local Dollars, Local Sense by Michael Shuman
How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity--A Community Resilience Guide

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Synopsis

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.

 

About Michael Shuman

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Michael Shuman is research director for Cutting Edge Capital in Oakland, economic-development director for the Business Alliance for Local Living Economies (BALLE), and a fellow of the Post Carbon Institute. An economist, attorney, author, and entrepreneur, Shuman has previously authored, coauthored, or edited seven books, including The Small-Mart Revolution(which won a bronze prize from the Independent Publishers Association for best business book of 2006) and Going Local(1998). He has led community-based economic-development and local-food initiatives across the country. He has given an average of more than one invited talk per week for twenty-five years throughout the world and has written nearly 100 published articles for publications such as the The New York Times , The Washington Post , The Nation , The Weekly Standard , Foreign Policy , Parade, and The Chronicle of Philanthropy. He lives in Silver Springs, Maryland.
 
Published February 20, 2012 by Chelsea Green Publishing. 288 pages
Genres: Business & Economics, Nature & Wildlife, Science & Math, Professional & Technical. Non-fiction

Unrated Critic Reviews for Local Dollars, Local Sense

Kirkus Reviews

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In an installment of the environmentally responsible publisher’s Community Resilience Guide series, an astute economist weighs in on a hot-button issue: how to keep local dollars invested in local businesses.

Jan 15 2012 | Read Full Review of Local Dollars, Local Sense: H...

Publishers Weekly

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In addition, he explores the challenges of securing institutional lending, and shares valuable insights about how local businesses have deployed creative investment strategies to avoid or reduce the costs of security law compliance, how local investors can pool together to diversify their risks, ...

Jan 23 2012 | Read Full Review of Local Dollars, Local Sense: H...

Examiner

New from Chelsea Green Publishing, Michael Shuman’s Local Dollars, Local Sense, part of Post Carbon Instititute's series on community resilience, available at your fave local bookseller and for order from Chelsea Green online, is a guide explaining how to shift your money from Wall Street to Ma...

Mar 16 2012 | Read Full Review of Local Dollars, Local Sense: H...

New York Journal of Books

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“The target audience is ambiguous, as the coverage moves back and forth between the interests of workers, activists, small business owners, investors, and public officials. While all of these interests can find useful, relevant, even inspiring ideas here, a focused treatment and actionable progra...

Feb 15 2012 | Read Full Review of Local Dollars, Local Sense: H...

Energy Bulletin

The recent move by millions of Americans to move their accounts out of global banks to local banks and credit unions – which do lend to local businesses – has been a move in the right direction.

Jul 05 2012 | Read Full Review of Local Dollars, Local Sense: H...

Energy Bulletin

But Local Dollars, Local Sense aims to achieve a very specific, and ambitious goal – inspire the movement of trillions of dollars of investment capital away from Wall Street investment banks and publicly traded companies to small, local businesses.

Mar 07 2012 | Read Full Review of Local Dollars, Local Sense: H...

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