New post by Mike:
Bo knows banking.
I think this is great. I used to love the Bo Jackson commercials. In fact, they showed a bunch of them the other night on a show on (MSNBC?) about Nike. The only thing that would make this better is if they brought Michael Jordan in as an investor.
In any event, I think concepts like this are critical to the recovery of our economy. Someone has to make loans to small businesses and we can't count on the big banks to do it (although I think their investors would certainly like it if they would make some money the old fashioned way by making some loans - especially considering all the free money they are getting from the US govt).
We have actually incorporated a similar concept into our Berlin, NH project. We are currently planning on establishing a fund to provide loans to loggers who can use the funds to acquire chippers and in turn sell their product back to us. This is a win-win for both parties. Perhaps we should consider expanding this concept to making micro-loans to entrepreneurs seeking to establish businesses in the community?
Posted by Michael Bartoszek at 3:05 PM 0 comments
"At times one remains faithful to a cause only because its opponents do not cease to be insipid."
-Friedrich Nietzsche
