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153:, but the community felt that Walmart would negatively impact local business and increase traffic. As an alternative, a community-owned store was organized and shares were sold to community residents. $ 500,000 was raised by about 600 residents who made an average investment of $ 800. The store, Saranac Lake Community Store, opened in October 29, 2011, in remodeled facilities in downtown Saranac Lake.
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This article by the
American Independent Business Alliance explains the distinctions between community-owned and cooperative businesses and indexes many examples of community-owned enterprises in different business
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by
Michael H. Shuman, originally published in the Federal Reserve Bank of San Francisco's Community Development Investment Review Volume 5, Issue 2, 2009
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a nonprofit corporation has worked to make financing of community owned business less onerous. H.R.2930, the
Entrepreneur Access to Capital Act
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Communities can sometimes buy the land they live on and manage them through locally-run trusts. There are many examples of this in
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are claimed to include increased responsiveness to needs of that community and the community valuing the projects more highly.
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287:: Sometimes it takes a village to fund a company." by Helaine Olen on CNN Money, September 10, 2009
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Volume 5, Issue 2, 2009, foreword by David
Erickson, Federal Reserve Bank of San Francisco
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Bryden, J and
Geisler, C (2007) Land Reform and Community - a ‘new wave’ land reform?
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closed due to bankruptcy and residents were forced to travel 50 miles (80 km) to
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assets or organizations are those that are owned and controlled through some
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to influence their operation or use and to enjoy the benefits arising.
368:"Love a Local Business? Advise it to be careful about selling shares!"
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326:"Crowdfunding Bill Would Allow People to Invest in Local Businesses"
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Community ownership seems to resonate in these days of protest.
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which offered to build a 250,000-square-foot (23,000 m)
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Could “Small Is
Beautiful” Replace “Too Big to Fail?”
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328:. Institute for Local Self-Reliance. Archived from
301:. Institute for Local Self-Reliance. Archived from
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374:"Local Stock Exchanges and National Stimulus"
87:The examples and perspective in this section
169:. Funds were raised in a similar way for an
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380:"Community Development Investment Review"
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258:"A Town Creates Its Own Department Store"
121:Learn how and when to remove this message
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324:Mitchell, Stacy (November 8, 2011).
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349:External links and further reading
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232:List of fan-owned sports teams
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188:The New Rules Project of the
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46:Community land buyouts
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222:Community wind energy
171:independent bookstore
163:state securities laws
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159:intrastate offerings
99:improve this section
89:may not represent a
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262:The New York Times
198:2012-12-15 at the
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386:Full review
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143:Plattsburgh
411:Categories
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427:Socialism
103:talk page
25:community
364:sectors.
206:See also
196:Archived
97:You may
52:Scotland
212:Commons
147:Walmart
60:Assynt
243:Notes
338:2011
311:2011
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