Tag: new york times

Amy Cortese is an award-winning journalist and author who has written extensively on crowdfunding. Her book, Locavesting: The Revolution in Local Investing and How to Profit from It addressed an early, growing trend of investing locally and she recently penned an article for the New York Times entitled “ The Crowdfunding Crowd is Anxious about recent developments in the crowdfunding sphere. I recently had a chance to ask Amy a few questions on the connection between local investing and crowdfunding. Why do you think investing in local communities is so important, and how are investors accessing local opportunities? Amy Cortese: At a macro level, small businesses are having a hard time obtaining the capital they need to grow and expand, and that is holding back an economic recovery, since small, young firms create the bulk of jobs in this country and drive innovation. But there’s a more intimate side to this as well: across the country, many communities are struggling. Their downtowns and Main Streets have chipped away by box-box stores, strip malls, e-commerce and globalization. And that affects tax revenues,...