Locally owned small businesses are the life blood of our communities. They constitute approximately one-half of the U.S. private economy in terms of output and jobs, and provide us with goods and services to meet our needs. Fortunately the “buy local” movement is gaining momentum. Cash mobs spend their money at local retailers and farmers markets are growing by leaps and bounds. However, this is only one side of the coin (pun intended) for small business capital needs.
Yep, we need to purchase local goods and services, but community businesses also need investment capital to grow and succeed. Small businesses receive almost no investment from traditional capital markets, such as mutual funds, pension funds, hedge funds, or venture funds. On top of this, bank lending is at an all time low for small businesses, leaving them with few options to meet their capital needs.
Fortunately these businesses have YOU and ME, which equals US!
WE all have our favorite local businesses, whether they be the corner coffee shop, farm-to-table restaurant, mom and pop hardware store where someone is always there to help you find just what you need. They’re the businesses that make our economy go ’round. With CSC we can now take our support for our beloved community businesses one step further and directly invest in their success, to fund the world WE want to live in.