Excerpt from nonprofitquarterly.org
Earlier this month state, regulators in Oregon created a crowdfunding investment program in conjunction with Portland’s Hatch that will capitalize small local business. It allows businesses in the state to raise up to $250,000 in capital from their fellow Oregonians in increments of $2,500 per investor. Businesses must meet set criteria for these community public offerings, as described here.
In a similar vein, the Burlington Free Press features a look at Slow Money, founded in 2008 in Vermont, which encourages investments in local food systems. Its website claims it has catalyzed the investment of more than $39 million in small food enterprises since 2010. Slow Money believes “there is such a thing as money that is too fast, companies that are too big, finance that is too complex. Therefore, we must slow our money down—not all of it, of course, but enough to matter.” Further, “the 21st Century will be the era of nurture capital, built around principles of carrying capacity, care of the commons, sense of place and non-violence…[su_button url=”http://www.vsjf.org/what-we-do/flexible-capital-fund/In-the-News” target=”blank” background=”#8bc63f” radius=”0″]Read the Full Article[/su_button]