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Photo: Open Streets in northeast Minneapolis.
Featured Article filed under Independent Business | Written by Olivia LaVecchia | No Comments | Updated on Feb 23, 2015

The Do-It-Yourselves Downtown

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/do-it-yourselves-downtown-investment-cooperative-model/

In the vacuum left by both traditional economic development and Wall Street’s approach to finance, community real estate investment cooperatives offer a glimpse of a better way to channel capital, with benefits that include new jobs in the neighborhood, strong incentives for people to shop locally, local sources for key goods, closer ties with neighbors, and a return on investment. Continue reading

Photo: neighborhood business
Featured Article filed under Banking, Independent Business | Written by Stacy Mitchell | No Comments | Updated on Apr 16, 2014

Understanding the Small Business Credit Crunch

The content that follows was originally published on the Institute for Local Self-Reliance website at http://ilsr.org/understanding-small-business-credit-crunch/

Even as their big competitors are awash in capital, many locally owned businesses are struggling to secure the financing they need to grow. A new ILSR analysis has found that, since 2000, bank lending to large businesses is up 36 percent, while small business loan volume has fallen 14 percent and “micro” business loans — those under $100,000 — have plummeted 33 percent. Continue reading