[THIS IS AN EXCERPT FROM THE BALLE (BUSINESS ALLIANCE FOR LOCAL LIVING ECONOMIES) WEBSITE MATERIALS ON THEIR "ACCELERATING COMMUNITY CAPITAL SERIES." IT CONTAINS LINKS TO INFORMATION ON LION INVESTING, JAMES FRAZIER, THE SPEAKER; AND AN AUDIO OF AN INTERVIEW WITH FRAZIER. HERE IS A LINK TO THE "LION" WEBSITE.]
James Frazier is a financial advisor specializing in socially and environmentally responsible investing with Natural Investments LLC, a charter member of the Local Investing Opportunities Network (LION) and a member of Team Jefferson, the economic development council for Jefferson County. His sixteen years of experience in the investment industry includes eight years as co-founder and general manager of Forza Capital Management, a hedge fund investment firm.
LION was formed in 2008 by a group of East Jefferson County, WA, citizens who want to invest more of their money in locally-owned businesses. LION creates opportunities for local entrepreneurs and businesses to connect with local investors in order to build prosperous local businesses, keep investing money in the local community, and help build a more resilient and sustainable economy in East Jefferson County.
LISTEN to story on LION from NPR station KUOW (click listen MP3 to hear the broadcast recording).
READ a 2010 article by James Frazier on LION and the success of local investing.
"In spite of the risks, and the weak economy, from the inception of LION to the date of this writing, none of the local investments of LION members have failed! The vast majority of investments, which range in size from a few thousand to a few hundred thousand dollars, are interest-bearing loans that continue to generate reliable payments. Most businesses find that they can pay less interest to local investors than they would have paid to a bank, and most local investors are receiving more interest than they would have received on their savings account."