“Put Your Money Where Your Life Is”:
Reclaiming Our Local Economy

Event series focuses on local investment as a tool for rebuilding our region’s economy

“When the pandemic recedes, we all will be called upon to take extraordinary steps to revive the local businesses that serve as the foundation of our communities. One critically important step will be for you and other members of your community to move your investment capital from Wall Street to Main Street.”                                       

– Michael Shuman, Community Economist  

After a year of COVID shutdowns, bankruptcies, deaths, and economic despair, how can we, as individuals, help rebuild our economy and community? A series of events and workshops over the next several months aims to provide information and resources about local investment AND opportunities for action. Yes, opportunities−in addition to the economic disruption and heartache, the pandemic has brought opportunities for relocalizing our economy, catalyzing innovation, and shifting capital to where we live to fuel the entrepreneurs, businesses, and projects our communities need to be more sustainable, vibrant, and resilient.

The Upper Valley Indie Impact Study reported that businesses rooted in the Upper Valley keep up to 4 times more money circulating in the region’s economy than national chain stores, and that remote online retailers suck hundreds of millions of dollars from our economy each year. Local businesses create stable jobs, enhance community character, and support our communities with donations of time and money, and have proven to be critical resources during the pandemic emergency. Browse resources on how to invest locally!

Increasing the development and success of more locally based businesses and innovations will make our region more resilient and strengthen our economy so that we can better handle future disruptions and challenges. Investment in these enterprises is critical to their success. Reclaiming our economy will require that we all “invest” in our future−whether by committing to shop locally more and click less, or by actually investing some retirement savings in the sectors, businesses, or projects that will make the Upper Valley a better place to live, work, and play for generations.  The goal of this series is to build awareness of the ways we can currently invest in reclaiming our economy as we recover from economic disruption, and to find new and creative tools and networks to move money from Wall Street to Main Street.

Many thanks for the sponsors of this event series: Mascoma Bank, King Arthur Baking Company, Savings Bank of Walpole, Hanover Co-op Foods Stores, Valley News, Monadnock Food Co-op, Green Energy OptionsNorwich Solar Technologies, LaValley Building Supply, The Local Crowd, The Keene Sentinal

Learn more about local investing on our resource page

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

March 4, 11, 18, 25, 2021

5:30 to 7:00 pm

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 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:

  1. How can I rebuild my community and the local economy after the ravages of COVID-19?
  2. How can I make my community more resilient to better prepare for future global crises?
  3. 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

Register for Local Investment 101 Workshop Series

 

Local Investment: An Introduction

February 23, 5:30-7 pm

What is local investing? What can it do for a community? Why is it important? Who can do it, and how? Join us for a panel discussion with local and regional entities that are mobilizing local capital for local businesses, projects, and people. 

Panel participants:

  • The White River Investment Club – Peter Reed and Charlie Page
  • New Hampshire Community Loan Fund – John Hamilton
  • Vermont Community Loan Fund – Will Belongia
  • The Local Crowd – Jen Risley
  • Norwich Solar Technology Community Investment Impact

A virtual conversation to learn more about local investing from the people already doing it, and learn how you can put your money to work right here at home.  Watch this event recording.

Learn more about local investing on our resource page

Thank you to the Series Sponsors:

   

Mascoma Bank is a Certified B Corporation® which means we use “business as a force for good.” Practically speaking, being a B Corp™ inspires us to consider the impact of our business decisions on our communities, our customers, our employees, and our environment. It is helping us to discover new ways we can deliver positive change in the cities and towns where we work and live. For 120 years, Mascoma Bank has put community first. Our status as a B Corp™ is just the latest example of our commitment to the communities we serve.

   

King Arthur Baking Company is an employee-owned company, every one a bakers at heart. There mission is to be the ultimate resource and inspiration in the kitchen, to inspire connections and community through baking, and to use our business as a force for good.

  
The Hanover Co-op Food Stores‘ vision is a well-nourished community cultivated through cooperation. With locations in Vermont and New Hampshire, the Co-op Food Stores is owned by more than 20,000 families, and is one of the oldest and most successful co-ops in the United States. Serving the good folks of the Upper Valley since 1936! Anyone can shop, member or not.

 

The Valley News is the Upper Valley’s source for news, sports, and more serving 22 western New Hampshire communities and 24 communities in eastern Vermont.

The Monadnock Food Co-op is a community-owned food store offering a diverse selection of local, organic, and natural foods to the Monadnock Region. The Co-op is located at 34 Cypress Street in Keene, NH.

 

For more than 145 years now, Savings Bank of Walpole takes very seriously the responsibility that comes with being our community’s truly local bank. We’re here to provide financial products that are in our customers’ best interest, not ours. It is and always has been the very foundation of our existence. More importantly, as the only bank headquartered right here in our community, we know that we are in business because of our community and for our community. This is our only home – and we know we cannot continue to thrive or survive without a strong local economy.

 

 

The leader is commercial, municipal & institutional solar solutions. Norwich Solar Technologies‘ mission is to continue to advance the integration and deployment of affordable solar power for regional organizations – enabling them to improve their bottom line while reducing their carbon footprint. Our clients include municipalities, community services institutions, schools, businesses large and small, and community solar residential clients.

 

Green Energy Options is a mission based certified B Corporation that supports the use of cleaner, more efficient, and renewable sources of energy. Specializing in residential solar, home heating and cooling, our team of energy experts provides friendly advice, quality products, and excellent installations to homeowners in the Monadnock Region and beyond. We listen carefully to our customers so that we can offer the best products for their needs. Our goal is 100% customer satisfaction. Please stop in, meet the team, take a tour of our showroom and talk about our shared vision for a healthy local economy and environment.

      

 

Series Partners: