The slow money movement meets Monterey
By Pam Marino | Monterey County Now
When it comes to investing money, forgo Wall Street and focus on Alvarado Street instead.
That’s the message behind the community capital or slow money movement, the idea that instead of sending money away by investing mainly in mutual funds or 401(k)s, investors can keep it in their own cities by investing in local businesses and initiatives.
From Sept. 10-13, the national ComCap 17 Conference happens in downtown Monterey, expected to draw hundreds of people from around the country interested in the movement. It stretches across downtown venues including the Golden State Theatre and Middlebury Institute of International Studies.