The Groundswell Center has been participating over the past year in the development of a Slow Money Central New York group. This growing planning group sent me, as the convener of the group, to the Third Annual Slow Money National Gathering in San Francisco last week. Three packed days long, this gathering was the largest meeting yet of people inspired by Woody Tasch’s ideal, set out in his book Slow Money, that local investment in farm and food enterprises at a relatively modest rate of interest—no higher than a natural rate of return based on sustainable agricultural methods—could transform both farming and investing.
Any reader who is interested in more detail about the Slow Money movement should see (and, if you agree, sign!) the Slow Money Principles. They are available on the Slow Money website.
The Slow Money Alliance local and regional groups across the country sent representatives, and it was very interesting to learn about how different groups were organizing their work and beginning to move funds to local farm and food businesses. The models in use in Boulder, Colorado and Madison, Wisconsin seemed particularly interesting and good for local emulation to me, resembling as they did the Ithaca area in the make-up of investors, members, and farm and food businesses. Also of note is ACEnet, an Ohio regional economic development organization that predates the Slow Money Movement, but has adopted the Slow Money Principles and is developing related programming.
