If the heart of Slow Money is a local economy built on personal relationships, the soul must be represented by the likes of George Bailey. George Bailey, is of course, the banker from our holiday favorite, It’s a Wonderful Life.
I think I was privileged, at our last Slow Money Gathering to catch a glimpse of George.
Our February, Slow Money SD Gathering brought together several of our local institutions to share their work in bringing just a little bit of George Bailey back into banking. These are institutions that resonate with the ideas of Slow Money.
Whether Accion with an emphasis on character, RSF Social Finance that wants to reimagine money, SBDC with their technical assistance and collaborative approach, or Barnraiser with their supportive crowd financing for food related entrepreneurs, all were there to share an approach incorporating the human element. Our Slow Money minded entrepreneurs and the community members attending the Gathering must have walked away feeling at least a little reassured that big bank bankers aren’t the only ones holding the purse strings.
Of course, that’s exactly what Slow Money SoCal wanted to impart.
As Director of Investment Programs for our local Slow Money network, I welcome a better understanding of the institutions that are part of an investment ecosystem available to our food related entrepreneurs. Institutions, like those represented at our San Diego Gathering, play an important part in a new financial paradigm that wants to include the human element in our financial system. Of course Slow Money wants to embrace these institutions and take it a step further. Building on the community and relationships we develop at our monthly Gatherings, we want to celebrate and empower the George Bailey we know to exist in each one of us!
We loved finding some of the ways we might begin the hard work of honoring George!
At Slow Money SoCal we have a variety of tools and techniques that we can use today and intend to grow over time. You can see a basic discussion of these tools in our earlier blog post, Seven Paths to Invest in Slow Money Food Businesses. You can explore these topics and actual tools further in our blog on Royalty Notes and how we’ve grown with Kiva Zip and the new crowdfunding rules. Keep an eye out for future posts on the Local Investment Networking Club (LINC). Meanwhile, you can check out their Facebook page.
Michelle Greenwood serves as Director of Investment Programs for Slow Money SoCal and was recently appointed for a six-month position as a Kiva Zip Small Business Advisor. She resides in Dana Point, California and can be reached for questions about Slow Money, LINC, Kiva or local investing at firstname.lastname@example.org