videos201: Local Investing Made Easy
We’re “keeping money flowing locally so we’re more prosperous as a community,” says James Frazier, co-founder of the Local Investment Opportunities Network (LION) in Port Townsend, Washington. LION is a clearinghouse between business owners like Matthew Day and potential investors like Kees Kolff. A business owner presents an investment opportunity to LION members. It’s all based on one-to-one personal relationships, so support can be more than monetary, says Kees — such as interest paid in locally-produced cheese and cider! [http://www.L2020.org/LION]
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September 7th, 2011 at 12:33 pm
[…] Image credit: Peak Moment TV […]
September 15th, 2011 at 9:48 pm
Fabulous…for all of the reasons mentioned. What a desirable community in which to live - though this has long been evident per other Peak Moment conversations. Sending the link to my parents who also live in Jefferson County.
September 28th, 2011 at 11:31 pm
Port Townsend sounds like another town that won’t notice when Wall Street collapses. Although getting interest was mentioned, the thought of being paid in cheese and blueberries is also very appealing. Even though my investments have recovered somewhat from the 2008 debacle, I have watched the US dollar plummet from 125 Japanese Yen to now only 76 Yen. It sure would have been nice to have been paid in cheese and blueberries instead!
November 13th, 2011 at 12:54 pm
[…] interviewed LION’s co-founder, an investor, and a locally financed entrepreneur in Summer 2011. Click here to watch the 28-minute […]