Even if you missed the webinar, there are still many ways to learn more about this excellent organization and this opportunity.
BALLE Local Economy Fellowship Info Session
Tuesday, November 12, 2013 | 10am PDT/1pm EST
The search for the 2014-2015 BALLE Local Economy Fellows has officially begun! Join Christine Ageton and Leanne Krueger-Braneky, BALLE Directors of Fellowship and Alumni, to learn about the only Fellowship program dedicated solely to advancing the local economy movement and how YOU can become the next BALLE Local Economy Fellow. Deadline for applications is December 15, 2013. Read More
Where other programs focus on individual social entrepreneurs trying to scale single enterprises, the BALLE Fellowship focuses on local economy connectors – people who each represent, convene, and influence communities of hundreds of community entrepreneurs. This is an incredible opportunity for top innovators to connect with their peers, strengthen their capacity for transformative personal and community change, and help reshape local economies across North America.
Topics covered include:
- Why the BALLE Local Economy Fellowship is so unique;
- Common criteria for applicants and the application process;
- Stories of community impact from our Alumni and existing Fellows;
- Time for Q&A
From BALLE, one of my favorite local economy organizations:
And The Pioneers That are Leading the Way – Part 1
As we are preparing for our annual 2013 BALLE conference in June, I am reminded of one of the main reasons people are drawn to BALLE: to learn how to create a strong and vibrant local economy in their own communities. Knowing that not all of you will make it to Buffalo in June, and as I reviewed our incredible list of speakers and conference agenda, I was inspired to share this list of key ingredients in hopes that it will inspire you, even in some small way, towards action in your community.
Because there are SO many juicy things to share with you – and because we know your free reading time is precious – we’re breaking this down into two parts. And for those that will be joining us for #2013BALLE Conference in Buffalo, we’ve highlighted some of the incredible pioneers who will be speaking on these subjects at our upcoming conference.
Here are five ingredients of thriving local economies. (Hint: the next five might arrive on Monday for you…)
To grow, process and distribute healthy nutritious and affordable food:
We need to know the people that grow and make our food and to have systems in place to get fresh, affordable food into underserved areas. When we support a localized food system, we keep our dollars in the local economy and lessen our dependency on external food sources that can be damaging to both people and our environment.
James Johnson-Piett, Urbane Development: Vision speaker
Nikki Henderson, People’s Grocery: Vision speaker
Sarita Role Schaffer, Viva Farms: Rethinking Investment
To unleash the talents and creativity of the whole community:
We’re not okay unless we’re all okay. Job access, skills training, business ownership and cooperative models serve so many purposes. They build community wealth and keep money circulating locally; they empower people through personal ownership; and they harness the collective energy of the entire community and channel it towards a greater good.
Mark Brand, Save on Meats: Vision speaker
India Pierce Lee, Cleveland Foundation and the Evergreen Cooperatives: Vision speaker
Gar Alperovitz, The Democracy Collaborative: Community Ownership Revolution
To make things again:
We need to bring back local manufacturing and to be able to meet some of our needs locally. If we start using regional resources – local people, local businesses, local products – to meet our regional needs, we support all the people that contribute to our vibrant, local economy.
Kate Sofis, SFMade: Local is the New Global
Mike Pearson, Union Packaging: Vision speaker
Michael Peck, Mondragon: Local is the New Global
To use new technologies to connect people:
Central to a vibrant local economy is having strong relationships with each other, and new technologies are creating more opportunities to get connected. We can connect makers and growers with buyers and with each other. People can now share spare bedrooms, services and yard tools at the click of a button. Technology will never replace personal relationships, but it’s a wonderful way to get introduced.
Matt Stinchcomb, Etsy: Pardon the Disruption
Benzi Ronen, Farmigo: Pardon the Disruption
To foster an ethos of generosity:
At the center of everything, we need to create communities that want the best for each other. Developing personal relationships and establishing trust is one of the most important elements of a vibrant, local economy, and leading with generosity can be powerful way to start.
Otto Scharmer, Presencing Institute: Integrated Capital & Connections
Judy Wicks, Author, White Dog Café: Vision speaker & Entrepreneurs in Love
Nipun Mehta, Service Space: Vision speaker
In the words of our Executive Director, Michelle Long, “There is a new economy emerging – one that will gradually displace our destructive and failing economy with a system that supports the health, prosperity and happiness of all people, and that regenerates the vital ecosystem upon which our economy depends. The Annual BALLE Conference is the place where we stitch together the pioneering leaders, ideas and local economies. Together, remarkably creative entrepreneurs are building real prosperity from the ground up.”
– Jill Epner, BALLE
Register for their 2013 conference here:
BALLE is one of my go-to organizations, partly because their deep reservoirs of knowledge come from localized economy leaders, rather than some academic institution or a centralized big-city NGO. Therefore, their knowledge and growth seems to be thoughtful and they advance real ideas. Their webinars are done well and the next two focus on local procurement in government contracts.
Just attended a very useful workshop on Community Supported Enterprises, a model for investments for local businesses.I’ll leave my questions to the end after I give you some details…
3 examples were profiled:
Claire’s Restaurant, Hardwick Vermont is a LLC (actually 2 LLCs) that has 3 groups involved: investors in the real estate group, owner/managers (3 people) and 50 subscribers/lenders.
The one owner raised money by knocking on doors and reaching out to her network, since she was the only long-time Vermonter among the (3) owners.
She found investors who invested in the real estate group which owns the lease (and subleases to the restaurant) and the equipment. Their investment is very long-term and they were told that at the beginning. If the restaurant fails, they can get someone to take over the new lease.
The subscribers/lenders gave 1000.00 each to the restaurant itself and get their money back in increments of 25.00 in 10 months of the year over 4 years at the restaurant. The subscribers can transfer ownership of their subscription and family can use the subscription. There is no cash out provision. Since the restaurant does not own the equipment, it does not have major debt.
The Community Store, Saranac Lake NY
Is a C-corporation and has a board of directors of 7 and 3 full-time staff. Issued stock at 100 each to NY residents, goal was to raise 500,000, which took 5 years to do.
Shares can be transferred to out of state holders after 9 months. Since there is no majority stockholder, there is little chance for formal financing.
They ended the offer with 750 investors, mostly by asking their early shareholders to host “share” parties where board members could sell stock. Did constant events to keep their name and idea in front of people throughout the 5 years. Got the last 42,000 because of an in-depth New York Times story on cover of Sunday edition.
Massachusetts, Southern Vermont
Classic member cooperative, different levels of membership:
Standard: 975.00 over 2 years
Farmer: 750.00 over 2 years
Limited Resource: 500.00 over 2 years
Buying Group: 250.00 over 2 years
Green Worker: 50.00 plus 6 months of work at Co-op Power
They also raise money through project loans for specific projects:
Biodiesel Project: 500.00 min, 5 years, 650k raised
Energy Efficiency Project: 500.00 min, 2-5 %, 5 years, 90k raised.
Here are the questions that occurred to me:
So, why haven’t farmers markets taken this model to find their start up?
And why don’t we see more cooperatives at market management level?,’
And why not project loans among the shoppers and farmers for short-term projects to create merchandise or an earned income stream for the market or for a farmer?
New book on financing food-based businesses seeks your capital raising stories.
We all seek to make our capital work effectively for our home communities, and moving our money is an important step. But after we move our money, what happens to it? And how can we influence what that money does in our communities?
In this timely webinar, we’ll hear straight from the source:
What motivates these institutions to actively advance community capital;
What the differences are between credit unions and local banks, and their respective motivations and strengths;
What services each uses to build more equitable and sustainable local economies;
How businesses and network leaders can partner more deeply with these institutions to support the development of local living economies;
And how communities can replicate some of their successful programs and community partnerships.
Come learn how to make your money work for your community by partnering with local banks and credit unions.
more on topic and registration here
The New Economy is being shaped at the grassroots level. Connect, share and learn from 700 pioneering business owners and investors, elected officials, philanthropists, economic development professionals and BALLE (Business Alliance for Local Living Economies) network leaders as we spotlight the most innovative and entrepreneurial approaches to growing healthy, resilient local economies.
The conference will feature:
• 80 speakers
• 16 plenary sessions and off-site celebrations
• 24 interactive sessions
• 4 local living economy tours
• Living Economies Expo
• 3 pre-conference workshop intensives:
Accelerating Community Capital
How to Build a BALLE Network
Network Leaders Exchange