Portland Buy Local is pleased to announce that we’re bringing Michael Shuman, author of several books, including The Small-Mart Revolution and, most recently, Local Dollars, Local Sense: How to Shift your money from Wall Street to Main Street and Achieve Real Prosperity, to Portland to give a talk at 7:00pm on Thursday, May 3rd, at SPACE Gallery, located at 538 Congress Street. There is no cost to attend.
Michael H. Shuman is an economist, attorney, author, and entrepreneur, and Director of Research and Marketing for Cutting Edge Capital. He has authored, coauthored, or edited eight books. He helped co-found BALLE, which represents 22,000 local businesses in North America in 80 communities, and is now a Fellow there.
In his new book, Local Dollars, Local Sense, Shuman points out that almost none of Americans’ $30 trillion in long-term savings—in stocks, bonds, pension funds, mutual funds, and insurance funds—goes to invest in small local businesses, even though these businesses constitute roughly half of the private economy and contribute even more to job growth and community prosperity. So, how can people increasingly concerned with the poor returns from Wall Street and the devastating impact of global companies on their communities invest in Main Street? Shuman outlines how we can use new investment tools – including those just legalized in a new crowdfunding law – to build local businesses and resilient regional economies.
After his discussion, there will be time available for question and answer.
Longfellow Books will be on-site selling copies of Shuman’s books. Portland’s Downtown District will be providing 2 hours of free parking to attendees at the Spring Street Garage. Wild Iris Inn, Tsunami Tattoo, and Coffee By Design are also sponsors of the event.
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