Shuman quoted in SF Chronicle on community investing
July 11, 2012
Post Carbon Fellow Michael Shuman was quoted in this press release picked up by the San Francisco Chronicle.
From the post:
Dozens of entrepreneurs, investors, lawyers and consultants gathered at the Wells Fargo Conference Center in Los Angeles at a symposium organized by Densmore’s group along with seven collaborating partners. “Increasing Access to Community Capital: New Strategies for Funding Social Entrepreneurs and Social Enterprises.” The conference focused on accessing local capital, double bottom line “impact investing,” crowd funding and other financing mechanisms for social entrepreneurs. It featured economist Michael Shuman, author of the new book, “Local Dollars, Local Sense.”
“Collaboration creates prosperity,” Shuman told the symposium participants. "Local companies can trump market returns . . . legalized crowd-funding could do more for job creation than throwing money at big corporations."