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Through our national gatherings, regional events and local activities, over $49 million has been invested into 519 small food enterprises around the United States. Eighteen local networks and 11 investment clubs have formed. 33,170 people have signed the Slow Money Principles. Slow Money events have attracted thousands of people from 46 states and 7 countries. Slow Money investing has begun in Nova Scotia, Switzerland, France and Belgium.
Highlights of activities across the United States include:
IN MAINE, members of the Slow Money network have provided $9.3 million to over 70 small food enterprises and also launched two investment clubs: No Small Potatoes Investment Club, which has made 23 microloans totaling $105,000, and Maine Organic Lenders, which has made 6 loans totaling $87,000.
IN CALIFORNIA, Slow Money members and event attendees have invested over $2 million, including investments in Point Reyes Compost Company, Catalán Family Farm, and People’s Community Market.
IN NORTH CAROLINA, more than 145 loans ranging from $500 to $25,000, and totaling more than $1.2 million, have been made to over 60 small food enterprises, from beekeepers to small farmers, from a food co-op to an organic cotton clothing maker.
IN COLORADO, investment clubs have been formed in Boulder, Denver, Fort Collins and Aspen. The 27 members of the Boulder club have made eight loans totaling $119,000 to such companies as LoCo Foods, Urban Farm Co., De La Chiva Goat Dairy and Ozuké Pickled Things.
IN NEW YORK, Slow Money members invested $25,000 in one of the largest organic rooftop gardens in the U.S., the Brooklyn Grange, which grows over 50,000 lbs. of produce per year.
Inspired by the vision of nurture capital presented in Inquiries into the Nature of Slow Money: Investing As If Food, Farms, and Fertility Mattered, by Woody Tasch, Slow Money is catalyzing a new conversation about finance, culture and the soil.
“Imagine the impact of a million people investing 1% of their assets in small food enterprises,” says Slow Money founder Tasch. “A few years ago, the idea that there is such a thing as money that is too fast or securities that are too complex might have seemed far-fetched.
Today, people are hungry for real alternatives to faster and faster, bigger and bigger, more and more global. Investing in local food systems is a way to begin fixing our economy and our culture from the ground up.”
Entrepreneur.com calls Slow Money “one of the top five trends in finance.” Tom Miller, former head of Program-Related Investing at the Ford Foundation and an early funder of Grameen Bank, states, “Slow Money is one of the most remarkable initiatives I’ve seen in decades.”