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Local Dollars, Local Sense

The Niehoff Urban Studio was lucky to host a discussion with Michael Shuman author, economist, attorney and entrepreneur on Tuesday, May 8th, 2012. This discussion included a presentation on his new book, Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Achieve Real Prosperity, that showcased investment tools needed to begin moving the millions invested in Wall Street back to your home street. The tools discussed included: cutting-edge cooperatives, special local-business CDs, preselling, slow munis, public banks, revolving loan funds, local investment clubs, and self-directed IRAs. Shuman emphasized new job creation through local small business development, an entity that contributes, on average, half of a typical community’s economy. The event ended with several questions from the audience, which included several small business owners, students, educators, and residents who routinely invest their money in the local economy, emphasizing the growing trend of local economic development in the Cincinnati community.

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