Local Investing: Here's How, Sept. 27 '15 Event

Details: Created: Friday, 04 September 2015 10:57; Last Updated: Friday, 04 September 2015 10:57

LOCAL INVESTING: HERE’S HOW! WELL EVENT, SEPT. 27 - by Madge Strong

Do you have a few thousand dollars sitting in a bank account or CD? It’s earning virtually 0% and god knows where that money is invested – certainly not locally!

I’m very excited about a new opportunity for investing in our local economy. Economic Development & Finance Corp (EDFC), a non-profit dedicated to promoting economic well-being in Mendocino & Lake Counties, has created a brand new, cutting edge vehicle for local investing. It’s called a “Direct Public Offering” (DPO), and it’s eligible to anyone in California.

The minimum investment in the DPO is $1,000. The goal is to raise between $250,000 and $1 million, which will then be loaned at reasonable rates to enterprises that are good for the triple bottom-line: people, profit, and planet (or employment, economy & environment). EDFC has an excellent 20-year record of making wise, community-enhancing investments.

Your investment in this fund would be paid back over a 6-year period at 2% per year, with interest deferred the first two years to enable “patient” money for new businesses.

There are already exciting prospective recipients of loans, such as a wool processing facility, bio-char enterprise, and/or meat processing plant.

You can learn all about it, ask questions and - if you’re ready - make an investment in our local future at this event:

Sunday, Sept. 27^th, 4-6pm, at Willits Library

Guest speaker will be John Kuhry of EDFC. We may also have representatives of potential loan recipients like the wool processing facility. Feel free to contact John at 467-5953 or This email address is being protected from spambots. You need JavaScript enabled to view it." href="mailto:This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it. for more info or to get a copy of the “Offering Memorandum” for the DPO.