Jun 1, 2017
Have you ever wondered what happens when you mix finance and poetry together? The answer is Slow Money, founded by Woody Tasch.
Slow Money began as an idea, grew to a gathering, and now has issued over $57 million in loans to support farms, food, and the soil in communities across the United States. Perhaps more importantly, much of this money comes from investors who are not looking to receive a large return on their investment, in some cases with 0% loans.
If you are looking for answers to your local money needs, Slow Money is a great place to start with, which is why Woody will be joining us at ComCap17 in Monterey, CA this September.
In the following episode, Amy Pearl and Woody Tasch discuss the challenges and successes of getting capital back into our communities, sustaining local food systems, instead of Wall Street.
Woody Tasch, Slow Money Institute
Woody is the founder and chairman of Slow Money, a nonprofit that has facilitated the flow of more than $40 million to over 400 local, organic food enterprises via 20 local networks and 14 investment clubs in the United States, Canada, France, and Switzerland. Tasch is a pioneer of the concepts of patient capital, mission-related investing, and community development venture capital. He was chairman and CEO of Investors’ Circle, founding chairman of the Community Development Venture Capital Alliance and treasurer of the Jessie Smith Noyes Foundation. Tasch is author of Inquiries into the Nature of Slow Money: Investing as if Food, Farms, and Fertility Mattered (Chelsea Green, 2011). He has been recognized by UTNE as one of “25 Visionaries Who Are Changing Your World.”.
In this episode you’ll learn
Links to Resources Mentioned
“You can’t monetize everything, you can’t monetize a relationship, you know? What’s a relationship with your neighbor worth, what’s your community worth? The beauty of these things and their value is precisely that they are not monetizable, the market shouldn’t be in there, so if you are trying to put metrics on everything, including the things that the market doesn’t know how to value, of course you’re going to get all bollixed up.”