The SmallMart Revolution 101

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The Small-MartRevolution 101

• Prosperity Through
• Utah First

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Bad News vs. Opportunity Example 1
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Bad News vs. Opportunity Example 2
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Bad News vs. Opportunity Example 3
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Choices
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The Struggle Over Capitalisms

• TINA
• vs.
• LOIS

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TINAThere Is No Alternative

• Attract Toyotas
• Prioritize Exports
• Reassure Locals

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TINAs Dominance Today
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LOISThe Alternative

• LO
• Local Ownership
• IS
• Import-Substituting Development

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'Dead-end' Austrian town blossoms with green
energy
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Hardwick, Vermont
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Local Living Economies

• Local Owned
• BOTH Self-Reliant
• Exporting
• Socially Responsible

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Overview

• Why Embrace LOIS?
• But Can LOIS Compete?
• II. How to Nurture LOIS?

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I. Why Embrace LOIS
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1 LOIS Firms Dont Move
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2 LOIS Firms Have Higher Economic Multipliers
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Local Ownership Increases Jobs
Source Iowa State University, 2006
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Impact of Changing Spending on Local Retail in
San Francisco
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3 LOIS Firms Fit WithCutting-Edge Eco. Dev.
Theories

• Cool Places
• Creative Economies

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3 LOIS Firms Fit WithCutting-Edge Eco. Dev.
Theories

• Cool Places
• Creative Economies

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II. But Can LOIS Compete?
The End
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Typical LOIS Skepticism
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Our Perception of Globalization
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Why LOIS Lost 3-4 Market Share Over Last Decade?

• Subsidies
• 50 Billion State/Local
• 63 Billion Federal
• Equity Markets Bias
• 1001 Legal Wrinkles

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Why TINA Is Becoming Less Competitive

• Service Economy
• Inefficient Distribution
• Home-Based Buz

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Why TINA Is Becoming Less Competitive

• Service Economy
• Inefficient Distribution
• Home-Based Buz

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Why TINA Is Becoming Less Competitive

• Service Economy
• Inefficient Distribution
• Home-Based Buz

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Examples of Local Advantage(Especially in Rural
Areas)

• Energy
• Health Care
• Banking
• Pharmaceuticals

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III. How To Nurture LOIS?
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A Planning EG
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What Is Local First?

• Encourage, Not Require
• Good, Not Perfect
• Target B2C, B2B, B2G
• Smart Shopping

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Local First Tools

• Campaigns
• Labels
• Directories

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Local First Tools

• Campaigns
• Labels
• Directories

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Local First Tools

• Campaigns
• Local Currency
• Directories

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An Brief InterludeWhats Economic Development?

• Now?

• Better?

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A Meta-Business Example
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Meta-Businesses4 Ps Done Profitably
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Purchasing EGLocal Debit Card
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Partners EGJoint Procurement
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Purse EGLocal Stock Exchanges
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People EGSuper-Incubators
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How to Nurture LOIS
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Policy 1Smart Planning

• State of City Report
• Leakages
• LOIS Inventory
• Start-up Success

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Policy 2 Smart Land Use

• Chain Store Impact Statements
• Home-based Businesses
• Commercial Land Trust

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Policy 3Smart Financial Reform

• Micro Stock
• Local Exchange
• Cooperative Investment Funds
• Tax Credits

I will never, ever invest local again!
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Policy 4Smart Procurement

• Local Preferences
• 25 US Cities
• Challenges

• Multiplier Based
• Calculate Tax Bens
• Advantages

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Choose Wisely
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Patrick Henry (with minor edits)

• Why stand we here idle? Is life so dear or
  peace so sweet as to be purchased at the price of
  chains? Forbid it, Almighty God. I know not what
  course others may take, but as for me, give me
  community or give me death!"

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For More Information

• Michael Shuman
• 202-669-1220
• shuman_at_igc.org
• www.smallmart.org
• www.livingeconomies.org