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Entrepreneurs Turn to a New Source of Funds: Their Neighbors
June 12, 2014 /
Forget "Buy Local." A Growing Movement Is Urging People To Take Grass-Roots Support Further And Invest Local.
The idea: Instead of putting their investment dollars in big, distant companies, people should bet on the shop around the corner, by giving it a loan or buying a stake in it through a special stock offering. Small businesses, for their part, should lobby their neighbors and customers for support if banks don’t come through with financing.
By
Nicole Hong
Full Story: http://online.wsj.com/articles/entrepreneurs-are-turning-to-a-new-source-of-funds-their-neighbors-1402495255
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