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11/4/2013 2
Three Rules for Local Prosperity
(1) Maximize local ownership of business.
(2) Maximize local self-reliance.
(3) Spread models of triple-bottom line success.
Rule #1: Maximize Local Ownership
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Independents Chains
Nonlocal Spending
Local Spending
2.6 Times Greater
Breakdown of Retail & Restaurant Spending
In British Columbia (2013)
The Jobs Verdict
Study $ Circulated Locally:
Local vs. Nonlocal Ownership
Austin (2002) 3.5
Maine (2003) 5.0
Chicago (2004) 1.6
Toledo (2004) 4.0
Iowa (2006) 1.6 (Jobs)
San Francisco (2007) 1.4-1.7
Phoenix (2007) 2.9
Grand Rapids (2008) 1.6
New Orleans (2009) 2.0
AVERAGE 2.6
Federal Reserve of Atlanta August 2013
“My results…provide evidence that local entrepreneurship matters for
local economic performance… I find that the percent of employment
provided by resident, or locally-owned, business establishments has a
significant positive effect on county income and employment growth and
a significant and negative effect on poverty in the all counties and non-
metro counties sampled.”
Other Reasons
Ownership Matters • Smart Growth
• Tourism
• Entrepreneurship
• Public Health
• Political Participation
11/4/2013 19
Why Sustainability Requires
Local
• Accountability
• Political Power
• Lower Carbon
Footprint
• Global Models
11/4/2013 20
Why Sustainability Requires
Local
• Accountability
• Political Power
• Lower Carbon
Footprint
• Global Models
11/4/2013 21
Why Sustainability Requires
Local
• Accountability
• Political Power
• Lower Carbon
Footprint
• Global Models
11/4/2013 22
Why Sustainability Requires
Local
• Accountability
• Political Power
• Lower Carbon
Footprint
• Global Models
11/4/2013 23
A New Definition of
Sustainability
The ability of a community to provide for its own needs,
present and future, without compromising the ability of
other communities to provide for their needs, present and
future.
The Competitiveness of Small
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Self-Employees
<100 Employees
100-499 Employees
500+ Employees
How To Nurture Local Business?
Planning Plug the leaks.
People Support entrepreneurs.
Partners Compete through collaboration.
Purse Harness pensions locally.
Purchasing Spearhead “Local First” campaigns.
Policymaking Remove anti-local biases.
How To Nurture Local Business?
Planning Plug the leaks.
People Support entrepreneurs.
Partners Compete through collaboration.
Purse Harness pensions locally.
Purchasing Spearhead “Local First” campaigns.
Policymaking Remove anti-local biases.
Where Colorado Springs
Can Begin
• Bank Local
• Web Listing
• SD-IRA Deals
• Community Portal
• More Reform
For More Information:
Michael Shuman
202-669-1220
www.locatopia.net (soon!)