EPISODE · May 5, 2021 · 24 MIN
Ep. 50 Vicinity HQ: The Myths and Trends of Local Economics with Michael Shuman
from Invest Local · host Michael Shuman, Malcolm Mcdonald, John Crawford, Josh Rollins
Find all of Michael's workshops, books and speaking/consulting information on his website: michaelhshuman.comTimestamps:5:06 - Myths about small businesses & local economics 6:17 - 2 examples/studies7:08 - 60-80% of jobs are locally owned biz7:21 - Local biz are competitive but our investments don't match up8:10 - The capital market failure8:24 - Why securities laws were passed and what the effect was for small business9:35 - Why we are biased towards big corporations in ED14:24 - The LOIS and TINA concept - local ownership and import substitution17:52 - Local businesses are alot more competitive than we think. 18:06 - The movement of our economy from goods-centered to services-centered19:51 - It doesn’t make sense to ship water21:30 - The effects of local communities no longer being limited to natural resource businesses
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What this episode covers
Special guest Michael Shuman joins the podcast to share some of his findings on local economics, local investing, and economic development. As an attorney, entrepreneur, economist, and author, Micheal has been researching and writing about local economics for 3 decades. This episode covers myths about small businesses, and why classic economic development doesn't focus on them. Michael also shares why he believes the future is local, thanks to the internet, COVID, and updates to securities laws that are changing the future of how communities develop.
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Ep. 50 Vicinity HQ: The Myths and Trends of Local Economics with Michael Shuman
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