Economic Vitality Action Team Economic Vitality Action Team ����������������������������� ������������������������������� ����������������� �������������
ECONOMIC VITALITY ECONOMIC VITALITY �����! ��������� "�# ��������������������������������� ������������������������� ��������������������������� �������������������������� �����! ��������� $�# ������������������� ���������������� �����! ��������� $�# ������������������� ���������������� ��������� �� ����%! ��������� "�# ������������������ ���������� �������������&��'� ��������������������������������������� ���������������������
Economic Vitality Action Team Local Investing Local Investing Film Screening Darkside Theatre July 2012
Economic Vitality Action Team Local Investing Focus Local Investing Focus “Small Change, Big Change” Community Investing Forum November 2012
Economic Vitality Action Team Local Investing Focus Local Investing Focus Corvallis Sustainability Coalition 2013 Town Hall March 2013
Common Common Aims with the Aims with the Economic Development Commission Economic Development Commission • In support of all three goals of the Economic In support of all three goals of the Economic Development Strategy and Smaller Step 2 Development Strategy and Smaller Step 2
(August 2013) Requests to the Economic Development Commission Economic Development Commission • Be aware of a survey recently released by the Action Team regarding capacity for local investing • Survey is available at tiny.cc/EVATsurvey or from • Survey is available at tiny.cc/EVATsurvey or from Coalition homepage at www.SustainableCorvallis.org • Please invite us back to share the results.
Survey Participants Local Investing Local Investing 188 people, including: 188 people, including: Background (Q1) Background (Q1) Yes (78) Yes (78) Business info Business info • • 78 business owners 78 business owners (Q3 (Q3 – 5) 5) • 33 seeking investment 33 seeking investment (188 people) (188 people) • • 138 people interested in 138 people interested in investing locally investing locally Own Own Business? Business? Seek Seek Yes (33) Yes (33) (Q2) (Q2) (Q2) (Q2) Investment need Investment need Investment need Investment need investment? investment? investment? investment? (Q7 (Q7-12) 12) (Q6) (Q6) Wiling to Wiling to Yes (138) Yes (138) Investor Info Investor Info invest? invest? (Q14 (Q14-18) 18) (Q13) (Q13) Contact Info & Contact Info & Thank you Thank you
Q1. Indicate your familiarity and interest in the following: ��� ��� ��� �� � ��� ���� ���������� ��������������������� ����� ��� ��� ���!�����#�� ��$� %��& ����'� %�#(����������� ���� !"� ��� ����"�������������� ���(�����(�#��� Want to learn more Familiar Want to participate NOT interested
Q1: Other topics of interest: • Mid sized local profitable companies interested in investors to fund expansion • Options that qualify for inclusion in IRA • Community gardens/orchards financing. • Investing in local food systems and local arable land. • Investing in single-family houses to rent to low-income families • Non-economic ones like Hours Trader and barter. • local investing of IRA funds in a Real Estate Investment Trust as a funding vehicle for a community land trust • farmlands IPO, REIT for community land trust • • Options for low-income folks to get involved in investing locally Options for low-income folks to get involved in investing locally • *Occupy Money* by Margrit Kennedy (2012) • The JAK model and "demurrage." practiced by Sweden's JAK Bank since 1965. • Portland has a thing called Supportland - which is a rewards card for spending money at local businesses. • Socially Responsible Investing • SWOT, BEC, WIN, WAC, Other angel conferences • Move Your Money • "De-growth. • Effect of "economic growth" on climate.
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Business Section Business Section 78 Responses 78 Responses
Q3. What does your business do? Solar Electricity Business, life, and conflict coaching Publish a region directory of green and natural healthy business & topics Skilled labor - finish carpentry Insurance/Investment Services Books Eco home remodels Fitness Training, sell Yoga supplies Movie theater I make and sell bioregional jewelry & Social service based economic am an entertainment specialist development Build Bicycles Nonprofit youth services provider permaculture Design Services I don't know yet. A temporary employment agency Independent Environmental serving Benton County Consulting Fresh culinary herbs, eggs, small conference center Fiber Arts Instruction; Recreation Handmade art and jewelry services, eg. cycling and dance Bookkeeping services and interior Non Profit dedicated to eliminating instruction plantscaping (I have two businesses) the use of toxic chemicals Jewelry sales Local produce, local crafts, local Grow tree fruits, possibly produce music venue Carpentry cider and/or perry electronics repair and service electronics repair and service architecture architecture Rent a duplex near campus Rent a duplex near campus manufacturing creative reuse center like SCRAP in Landscape design, consulting, Portland maintenance, rainwater collection, Graphic Design / Printing raingardens property management psychotherapy Small non-profit scientific food service Financial Planner organization specializing in research, Dietary supplements property management conservation, and education Produce general contractor/handyman High tech Landscape architectural services artisan bread bakery using local I am looking for startup opportunities organic ingredients Illustration, Craft Printmaking in any industry Artisan breads Writing and editing services Farming Wine shop (bottle shop) Interior Plantscaping and Books and educational lectures bookkeeping businesses Sell seeds Health care Nonprofit development, bookkeeping, Services Consulting organizing Bicycle Shop We provide integrative chiropractic Cinema and functional medicine services Solar panels, software
Q4 . How long have you been in business? Future startup 13 (19%) Less than a year Less than a year 8 (11%) More than 5 years 37 (53%) 1 to 5 years 12 (17%)
Q5. Estimate the number of full time employees. over 50 16-50 1 (1%) 5 (7%) Six – 15 2 (3%) None 25 (36%) One – Five 37 (53%)
Q6. Is your business (or startup) likely to seek an investment or loan within the next 24 months? Yes, 11 (15%) No, 41 (55%) Maybe, 22 (30%)
�� �� �2 �3 �1 � � 2 3 1 Expanding your busine usiness Buying new processing equipment Buying new processing equipment developing website developing website weatherizing, landscaping, energy-system upgrade weatherizing, landscaping, energy remodel home to house cooperative commercial bakery remodel home to house cooperative commercial bakery Also mentioned: Also mentioned: Q7) What purpose(s) would your business Starting new busine usiness apply a loan or investment toward? Repairing/replacing ing infrastructure or machina hinary Hiring new employe loyees Moving your busine usiness system upgrade Developing new produc oduct / line Restructuring de g debt Buffering against inst interruptions in cre credit
Q9. Identify the order in which you would expect 30 to access each source, if at all. 6 25 5 4 20 3 15 2 1 1 10 5 0 Family, Friends, Bank or Private Personal Cash Government or Offering Equity Sale of Business and Fans Institution Loan or Credit Nonprofit Grant or New Assets or Loan Ownership Also mentioned: Also mentioned: Crowd Crowd-funding, Grants, Advance Sales funding, Grants, Advance Sales
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