News : Slow Money trend helping small business grow
From Foster's Daily Democrat
November 21 2010
By Roni Reino
PORTSMOUTH — Despite a still tough economy, local Seacoast businesses are showing their support for entrepreneurs by offering them personal loans and embracing the Slow Money Movement.
The Slow Money concept was created by Woody Tasch in 2008, a former venture capitalist. His idea was to persuade investors to put their money into businesses in their local community. He encouraged investors to not look at the initial profits but rather the investment in sustainable organizations.
It piggybacked on the Slow Foods or "locavore" movement of only eating foods grown within a 100-mile radius.
New England is slowly expanding its green efforts, and small eco-friendly companies like EcoMovement have found support in the Slow Money trend...
Read the full story in Foster's here!