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The NEW Oil Age Poster (Dec 2010)
Post Carbon Fellow Michael Shuman was quoted heavily in this article on the economic advantages of local business.
From the article:
Michael Shuman - an economist, author and research director for Cutting Edge Capital, an Oakland company that specializes in innovative financing - calls a business such as Bi-Rite a "community food enterprise" and says it's the model of the future.
So-called CFEs are locally owned, employ locals, and use mostly local goods and services.
"There's good evidence to show that CFEs generate more jobs - two to four times the amount per dollar of sales - and generate more income and wealth for (their) communities than non-locally owned businesses, even ones that source goods from the area," said Shuman, whose report "Community Food Enterprise: Local Success in the World Marketplace" shows how these types of businesses grow local economies while becoming more competitive globally.
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