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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Year of Plenty

First Slow Food, Now “Slow Money”

Here's an interesting article on the idea of "slow money", or a system of investments that stay local in your own community:

What if the money you invested stayed within 50 miles of where you currently live and was committed to local merchants and growers who put at least 50 percent of their profits back into the community? "What if, instead of making a double-digit return on a fast-money transaction that exploited Third World villagers and pumped up corporate profits artificially," Tasch says, "you could get a steady 2 percent to 3 percent return on money that dramatically improved the quality of life in your own neighborhood?

It's like Kiva for middle American towns. Instead of having investment portfolios segmented into Europe, Asia and emerging markets, it would be Colville, Millwood and Post Falls. I guess that the Main Market Co-Op in downtown Spokane is a little like this. The return on the investment is not as quantifiable in percentages but it is a way to improve the quality of Spokane by helping provide capital. Go here for details on investment in the Co-Op. Jennifer Hall, one of the folks behind the co-op will be part of the panel for the Food & Faith Forum this Saturday.



Year of Plenty

The Year of Plenty blog was created by Craig Goodwin in the winter of 2008 to chronicle the experiences of his family as they sought to consume everything local, used, homegrown or homemade. That journey was a wonderful introduction to people and movements in the Spokane area who are seeking the welfare of the community through local foods, farmers markets, community gardens, sustainable transportation, and more fulfilling and just patterns of consumption. In 2009 and beyond the blog will continue to report on these relationships and practices, all through the eyes of a family with young children. Craig manages the Millwood Farmers' Market, is a Master Food Preserver and Pastor at Millwood Presbyterian Church. Craig can be reached at goody2230@gmail.com