(Michael Shuman, Author of Going Local and The Small Mart Revolution)
Locally owned businesses:
* Spend more money at other local businesses helping the local economy grow – creating a “multiplier effect” - rather than this money “leaking out” through remote corporate headquarters and centralized purchasing departments
* Pay more in local and state taxes than outside corporations
* Are part of what makes the local community unique and distinctive, attracting tourism from surrounding areas and out of state
* Make up the largest employer category, nationally and locally
* Give better customer service overall
* Have owners that live in the communities they do business in and are free to make decisions based on local needs
* Require less public investment than large employers seeking tax breaks or special zoning consideration.

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MICROFINANCE
(Muhhamed Yunus, Founder Grameen Bank, Nobel Peace Prize Winner)
Grameen Foundation's mission is to empower the world's poorest people to lift themselves out of poverty with dignity through access to financial services and to information. With tiny loans, financial services and technology, we help the poor, mostly women, start self-sustaining businesses to escape poverty. Founded in 1997 by a group of friends who were inspired by the work of Grameen Bank in Bangladesh, our global network of microfinance partners reaches over 3 million families in 22 countries.
Locally in Seattle, Washington CASH provides a business training course, microcredit lending services from $500-$5,000, technical business assistance and peer support to enable low-income women (especially women currently dependent on public assistance), people with disabilities and new immigrants/refugees to start or expand self-employment ventures. For information about Washington CASH contact
info@washingtoncash.org or call (206) 352-1945.
Mark Pomerantz
Social Profits
1233 Olympic Way W.
Seattle, WA 98119