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Ep. 50 Vicinity HQ: The Myths and Trends of Local Economics with Michael Shuman

Invest Local

English - May 05, 2021 09:00 - 24 minutes - 22.8 MB
Investing Business Entrepreneurship community investing invest local local business local economics local investing vicinity vicinity capital Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Ep. 48 Vicinity HQ: "After the Final Close" - What happens after the campaign ends
Next Episode: Ep. 51 Vicinity HQ: How to take control through local investing with Michael Shuman (part 2)

Find all of Michael's workshops, books and speaking/consulting information on his website: michaelhshuman.com

Timestamps:

5:06 - Myths about small businesses & local economics 

6:17 - 2 examples/studies

7:08 - 60-80% of jobs are locally owned biz

7:21 - Local biz are competitive but our investments don't match up

8:10 - The capital market failure

8:24 - Why securities laws were passed and what the effect was for small business

9:35 - Why we are biased towards big corporations in ED

14:24 - The LOIS and TINA concept - local ownership and import substitution

17:52 - Local businesses are alot more competitive than we think. 

18:06 - The movement of our economy from goods-centered to services-centered

19:51 - It doesn’t make sense to ship water

21:30 - The effects of local communities no longer being limited to natural resource businesses