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Put Your Money Where Your Life Is

Reclaiming Our Local Economy SERIES

An event series focusing 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-19 shutdowns, bankruptcies, deaths and economic despair, how can we, as individuals, help rebuild our economy and community?

A series of events and workshops hosted by Vital Communities and TLC Monadnock over the next several months aims to provide information and resources about local investment AND opportunities for action. Yes, opportunities! 

In addition to economic disruption and heartache, the pandemic has surfaced 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.

Both the Monadnock Region Indie Impact Study and Upper Valley Indie Impact Study reported that businesses rooted in the region keep up to 4 times more money circulating in  our local economies compared to 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.

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 or by actually investing some retirement savings in the sectors, businesses or projects that will make our communities 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.

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

Join us for a free 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.

Register for Local Investment: An Introduction



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

March 4, 11, 18, 25, 2021

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:

  • 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

Register for Local Investment 101 Workshop Series


Past Events


Webinar Recording: Rebooting Your Community After COVID - How to Invest Locally Using Self-Directed IRAs and Solo 401ks

The Local Crowd (TLC) Monadnock hosted an online introductory webinar with community economist and author Michael H. Shuman called "Rebooting Your Community After COVID - How to Invest Locally Using Self-Directed IRAs and Solo 401ks" on Thursday, October 15, 2020.

Watch recording here!

"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," shared Shuman. "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."

Shuman, a leading visionary on community economics, serves 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; and Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street.

Event partners included Green Energy Options, Greater Keene Chamber of Commerce, Monadnock Food Co-op, The Local Crowd, Vital Communities and Hannah Grimes Center for Entrepreneurship.

Questions?  Please contact Jen Risley at jen@thelocalcrowd.com or 603-283-5401.

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View October 2020 Introductory Webinar with Michael Shuman

The Local Crowd Monadnock - Mailing Address: 63 Emerald St. #114, Keene, NH 03431

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