Today I came across a new term – locavesting. In fact, it’s the title of a recently published book, Locavesting: The Revolution in Local Investing, by Amy Cortese. As she says on her website: “The idea is to earn profits while supporting your local community. Locavesting is about investing in Main Street.” From policemen in Michigan joining together to save their local donut shop to New Yorkers helping stump up the funds to start a new neighborhood bookstore – it’s all locavesting, and apparently it’s part of a whole new grassroots movement. I’m intrigued. In fact, I’m off to buy a copy of her book – more to come.
