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Local Investment 101 Series: How to Reboot the Region’s Economy After COVID-19

March 4 @ 5:30 pm - 7:00 pm

March 4, 11, 18, 25, 2021

Cost: $100 for all four sessions.

Register today!

A four-session virtual workshop designed to help grassroots investors and community groups develop practical, local investment strategies, to fuel innovation and resilience in the community.  

Presenter: Michael Shuman, Community Economist and Author of Put Your Money Where Your Life Is

Small businesses throughout Vermont and New Hampshire have been devastated by the COVID-19 pandemic and related shutdowns, as have the local economies that depend on them. One readily available solution—one that does not depend on government bureaucracies—is to mobilize grassroots investment. Americans now have $56 trillion in stocks, bonds, mutual funds, pension funds, and insurance funds—nearly all of it invested in global corporations. Here in the Upper Valley, one conservative estimate is that there are $5-6 billion in locally managed investments; this figure does not include the untold billions invested by local residents but managed out of state.

Recent changes in the law (around investment crowdfunding, for example) make it cheaper and easier for nonaccredited investors to put money into local businesses. However, most of us believe we have no choice but to continue to invest our money in the stocks and bonds of the world’s biggest companies, even if we barely understand them. There are real alternatives, but few of us know about or consider them. In fact, you can invest in everything that matters to you. You can put your money into that neighborhood grocery store you love, your little sister’s first house, or your nephew’s repayment of high-interest student loans. If you’re smart about local investing, you can do this in a way that provides substantial, stable financial returns and lower risk than for Wall Street investments. Plus, local investments come with social returns on investment and wind up strengthening your community, local resilience, and the tax base.

Local Investment 101 aims to help participants answer three essential questions:

  • How can I rebuild my community and the local economy after the ravages of COVID-19?
  • How can I make my community more resilient to better prepare for future global crises?
  • How can I move my money into the businesses, projects, places, and people I know and love?

Workshop structure:

Four 90-minute Zoom sessions built around 15 videos (20-40 minutes each) with homework assignments to be completed prior to each scheduled session.

Session 1

  • Introduction of the class objectives, materials, and assignments.
  • Introductions of classmates to one another.
  • Introduction to the first eight videos.

Session 2

  • Review of the first eight videos.
  • Preparation for assignment #1 (a personal investment strategy).
  • Introduction to the final seven videos.

Session 3

  • Presentation and discussion of assignments.
  • Review of seven videos.
  • Preparation for assignment #2 (a community strategy).

Session 4

  • Presentation and discussion of assignments.
  • Next steps.

Who should attend:

The Local Investment 101 series is intended to help grassroots investors, businesses looking for capital, and policymakers committed to facilitating local investment.

Cost:

$100 fee for the entire four-part series. Scholarships are available upon request (contact nancy@vitalcommunities.org).

About the presenter:

Michael Shuman is an author and leading visionary on community economics, serving as Director of Local Economy Programs for Neighborhood Associates Corporation and Adjunct Professor at Bard Business School in New York City. He is also a Senior Researcher for Council Fire and Local Analytics, where he performs economic-development analyses for states, local governments, and businesses around North America. His three most recent books are:

  • Put Your Money Where Your Life Is: How to Invest Locally Using Solo 401ks and Self-Directed IRAs
  • The Local Economy Solution: How Innovative, Self-Financing Pollinator Enterprises Can Grow Jobs and Prosperity
  • Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street

Details

Date:
March 4
Time:
5:30 pm - 7:00 pm
Event Categories:
,
Website:
https://tlcmonadnock.com/investing

Venue

Virtual Event
NH United States

Organizers

The Local Crowd Monadnock
Vital Communities