Transcript Slide 1
North Coast Food System Port of Oakland Ports of L.A. & Long Beach Port of Stockton Port West Sac Northern Sierra Biomass Project Central Sierra Value-Added Livestock Fresno Kings Tulare Southern California Renewable Energy
SOLUTIONS
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Regional Collaboration on Needed Infrastructure
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Strategies that Promote Investment in Rural Areas
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New Financial Tools
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Relationship Capital Among Diverse Stakeholders
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Empower Local Leaders and Institutions to Improve Policy
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Economies of Scale
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Utilize Cooperatives
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Connect Local Food Access With Transportation for Export
“Economic Gardening” nurtures the local economy rather than “hunting” for big business relocations.
The emphasis is to connect entrepreneurs and existing businesses to resources, encourage development of essential infrastructure and provide entrepreneurs with access to competitive intelligence on markets, customers, competitors, vendors, etc. comparable to the resources customarily available only to large firms.
Economic Gardening
BALLE brings together independent business leaders, economic development professionals, government officials, social innovators, and community leaders to build local living economies. We provide local, state, national, and international resources to this new model of economic development.
A Partner for Rural Communities
GoED Resource Conservation & Development Councils Local Government Community Colleges & Job Training Economic Development Corporations Micro Enterprise Support Financial Institutions State & Federal Programs NonProfits BALLE Cooperative Extension USDA Venture Capital & Micro Finance Research Institutions CAMEO
Diverse Collaboration
The Pieces That Are Often Taken for Granted and Receive Little Investment
Intangible Value as a % of Total Market Capitalization by Sector
“Intangible Capital” Growing in All Sectors
Moving Beyond Workforce Training
Purchasing cooperatives include:
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Ace Hardware,
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The Bike Cooperative, Unified Grocers and many more. Worker cooperatives include:
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small bicycle & book stores,
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small retail businesses, a fair-trade coffee roaster, a taxi company,
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an engineering firm, …and an adult theatre.
Coops Can Do Many Things!
USDA Loan Guarantees and Intermediary Relending D irect P ublic O ffering California USDA Rural Development & the Federal Reserve Bank of San Francisco FINANCIAL OPPORTUNITIES ROUNDTABLE
CalFOR aims to develop tools and strategies that will
: • Mobilize capital markets • Capture local investment potential • Fuel regional economic growth •
Impact Investing
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Expanded Use of Bonds
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Retirement Accounts Invested Locally Program Mission Related Investments
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and ???
LEVERAGING NEW MARKET TAX CREDITS (NMTC)