Reconsider is starting a big to help channel more local investment dollars into local small businesses.
The Ypsilanti-based firm is teaming up with the Washtenaw County Office of Community and Economic Development to launch the venture LOCAL, an initiative to raise awareness that people can invest in local companies and see comparable returns to more traditional investment vehicles, like stocks and bonds.
"It's a local investing awareness and education campaign," says Angela Barbash, founder of
Reconsider. "The idea is to get some companies to do some fundraising online."
The
venture LOCAL campaign aims to accelerate investment in Washtenaw County-based businesses by highlighting more of those opportunities. For instance, the effort by the
Tecumseh Brewing Co to raise $120,000 in seed capital.
"What would Ann Arbor look like in five years if there was an infusion of local capital?" Barbash says.
Reconsider specializes in research and education about community capital and social entrepreneurship. Barbash, a veteran financial advisor, works with a team of six independent contractors. She is currently interviewing two
Shifting Gears program participants as potential interns.
Barbash is optimistic that the venture LOCAL campaign will be successful in Washtenaw County over the next few months, opening the door for its expansion across Michigan.
"It could be a turnkey solution for other communities to use," Barbash says.
Source: Angela Barbash, founder of Reconsider
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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