220 2nd Ave S
Seattle, WA 98104
8:00 a.m. Wednesday, Sept. 18, 2013
Class | Workshop
What's the best way to tune up and supercharge the Seattle economy? By fixing our broken investment system, argues Michael Shuman, author of "Local Dollars, Local Sense." If we could fix our capital markets, at least $15 trillion would transfer from Wall Street to Main Street, or about $50,000 per person. Across the country, Shuman points out, creative individuals, businesses, and communities have been pioneering new tools to facilitate local investment, including special bank CDs, new-generation cooperatives, pre-sales, P2P internet lending, state banks, revolving loan funds, "slow muni's," local stocks, and self-directed IRAs. To these options will soon be added new tools for crowdfunding, awaiting final approval from U.S. regulators. As local stock markets, local mutual funds, and local pension funds begin to form, communities across the country will be able to tap into the coming tidal wave capital flowing back to small business. How can metro Seattle residents begin to invest locally? How can local businesses take advantage of these funds? What new projects might be started? Come spend a day learning about the local investment revolution from one of the nation's foremost authorities on the subject. Whether you are a banker, investment professional, entrepreneur, business-support person, foundation executive, policymaker, or student, you will never think about investment the same way. Michael H. Shuman is an economist, attorney, author, and entrepreneur, and Director of Community Portals for Mission Markets in New York City. He's also a Fellow at Cutting Edge Capital and Post-Carbon Institute, and was a founding board member of the Business Alliance for Local Living Economies (BALLE). He has authored, coauthored, or edited eight books. His most recent book, published by Chelsea Green, is Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street and Achieve Real Prosperity. His previous book, The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006), received as bronze prize from the Independent Publishers Association for best business book of 2006. He regularly helps communities analyze economic "leakages" and job-creation opportunities from expanded "LOIS" businesses (locally owned, import substituting), particularly those linked to local food, energy, and finance. A prolific speaker, Shuman has given an average of more than one invited talk per week, mostly to local governments and universities, for the past 30 years. He has lectured in 47 U.S. states and eight countries.
65 - 150 USD