Why host a Slow Money & Meaning Summit?
The thing about money is that it is meaningless. Since it is such an easy thing to measure, money tends to be the first and only yardstick we use when it comes to assessing our place in the world. While financial capital is what we tend to focus on, it is easy to lose sight of the natural, social, human, spiritual, and built capitals which sustain us.
At this conference we are going to take a crack at fusing money and meaning together and dig into what Slow Money really means.
We know that Slow Money can catalyze the flow of capital to local food enterprises and organic farms, connecting investors to the places where they live and “bringing money back down to earth.”
We need to know how. We’ll delve into alternative finance, social enterprise, patient capital, and the role money plays in our lives.
Join us in Pittsboro for a whirlwind of insights into our relationship with money and learn about how we might better deploy it to feed and finance ourselves.
Abundance NC is the fiscal sponsor for this gathering and for Slow Money NC. But, they are so much more than that.
Local Economy is a central part of the mission of Abundance NC. If they were a Girl Scout Abundance NC would have a lot of local economy badges stitched to their sash.
They raised money to buy equipment to help revive our local sorghum industry. And they raised money for Chatham Marketplace, our local Coop grocery store. They helped local farmers sell their wares to Chatham County Schools.
And they revived the PLENTY, which is our local currency. PLENTY is an acronym for “Piedmont Local Economy Tender.”
Abundance NC plays a pivotal role in the establishment of community scale biodiesel, such that folks can run around on locally made fuel.
Their support for Slow Money NC, which is run by Carol Peppe Hewitt, has catalyzed dozens of peer-to-peer loans and community investment projects, which means that well over a million dollars is now circulating in our community – rather than off in Wall Street. They’ve got great Local Economy and Local Finance credentials.
Abundance NC is also known for staging really fun conferences. They’ve staged or enabled four community scale biodiesel conferences thus far, and three conferences for on farm adaptation strategies for climate change.
Their conferences are not gigantic. Not international in scope. They are intimate affairs, attracting about one hundred and fifty people, some of which are thought leaders on everything from localizing your investment portfolio to social enterprise to how we will adapt and address climate change.
We’ve been to a bunch of local economy conferences and Slow Money events, and every time we come home, we find ourselves jazzed and ready to implement new ideas in our community. That’s why we took the plunge and decided to hold a Slow Money Southeast Regional Gathering focused on Money and Meaning.
We’ll collect a group of like-minded people, share stories of successes and failures, and light us all up to push on with the work we are doing. We want you there to make it even better.
Register today and we’ll see you in September.
And we invite you sign the following Slow Money Principles. Simple and true.
I. We must bring money back down to earth.
II. There is such a thing as money that is too fast, companies that are too big, finance that is too complex. Therefore, we must slow our money down — not all of it, of course, but enough to matter.
III. The 20th Century was the era of Buy Low/Sell High and Wealth Now/Philanthropy Later—what one venture capitalist called “the largest legal accumulation of wealth in history.” The 21st Century will be the era of nurture capital, built around principles of carrying capacity, care of the commons, sense of place and non-violence.
IV. We must learn to invest as if food, farms and fertility mattered.
We must connect investors to the places where they live, creating vital relationships and new sources of capital for small food enterprises.
V. Let us celebrate the new generation of entrepreneurs, consumers and investors who are showing the way from Making A Killing to Making a Living.
VI. Paul Newman said, “I just happen to think that in life we need to be a little like the farmer who puts back into the soil what he takes out.”
Recognizing the wisdom of these words, let us begin rebuilding our economy from the ground up, asking:
What would the world be like if we invested 50% of our assets within 50 miles of where we live?
What if there were a new generation of companies that gave away 50% of their profits?
What if there were 50% more organic matter in our soil 50 years from now?
Add your name to the thousands of us who want to create a new, equitable, regenerative economy together.
See you in September!