[Local small businesses are resilient and profitable. Why are we wasting billions of stimulus dollars on larger corporations? Michael has a better idea. He says: “We are about to see a massive move to localization… but how will we fund it?” This is a passionate, entertaining, and hopeful presentation. You may remember Michael visiting Ukiah a couple of times, debating the empty chair that the Mall supporters would not occupy, helping with our successful fight to stop the Masonite Monster Mall. This is the next step. Who is going to step up and champion this locally? -DS]
Michael H. Shuman is Director for Research and Economic Development for the Business Alliance for Local Living Economies (BALLE). Shuman is an economist, attorney, author, and entrepreneur and is one of the nation’s leading experts on community economics and the advantages of small-scale businesses in an era of globalization. In his talk today, Shuman will present a idea of a stimulus package in local stock exchange. The key goals are to transform local businesses in small-stock companies and to create modest, intrastate electronic exchanges. With these simple and sensible legal reforms it could correct this market failure and bring literally trillions of new investment dollars into our communities.