Cal. City Uses Reserve Funds to Spur Local Business Development

Date: 4 Oct 2005 | posted in: Banking, Retail | 0 Facebooktwitterredditmail

In an effort to create more capital for local business loans and community development, the city of Santa Cruz, California, has shifted nearly $600,000 in city funds from U.S. treasuries and other securities to two locally owned financial institutions. Santa Cruz City Councilor Ryan Coonerty proposed the idea, which he says will bolster the local economy by keeping the city’s financial resources working locally. … Read More

Buy Local Philly Shifts Public Behavior

Date: 9 Sep 2005 | posted in: Retail | 0 Facebooktwitterredditmail

In some of the first research to examine the effectiveness of buy-local campaigns, surveys in two Philadelphia neighborhoods, conducted at the end of a month-long pilot Buy Local Philly program, found that one in six people were aware of the initiative. Of those, 40 percent said they had been motivated to patronize an independent business as a result.… Read More

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