Post Carbon Fellow Michael Shuman’s book Local Dollars, Local Sense is said to have been the inspiration for new Colorado legislation on local investment.

From the article:

But a new law will soon allow small Colorado businesses to offer such helpers much more: stock in the companies. House Bill 1246, sponsored by Rep. Pete Lee, D-Colorado Springs, and Speaker Pro Tem Dan Pabon, D-Denver, sailed through the divided legislature with only one “no” vote and has been signed by Gov. John Hickenlooper. It goes into effect in August.

Lee is jubilant about the law, calling it “a keystone bill of the legislative session.” He says he got the idea for the bill from Michael Shuman, author of the book Local Dollars, Local Sense.