Around Telluride

TNCC: Slow Money gaining momentum

by Kris Holstrom

(editor's note: Kris Holstrom of Telluride's The New Community Coalition was privileged to attend an Inaugural meeting of the Slow Money group in Santa Fe recently. What in the world is Slow Money? Holstrom defines the idea in her own words.)

Slow Money? Think Slow Food for local economies. Slow Food asks us to slow down, appreciate local food and farmers, savor and enjoy the communal experience of sharing food. Slow Money is a new nonprofit. The driving principal behind the international movement is to bring money back down to earth. At the meeting, we talked about how to  slow the velocity of our money,  and create the means to invest money  locally as ”nurture capital," a notion that appealed to a sustainability type like me who has often asked how we as a community can invest in ourselves in new and creative ways. For direction, I return to the mission of Slow Money: build local and national networks, and develop new financial products and services, dedicated to investing in small food enterprises and local food systems; connecting investors to their local economies; and, building the nurture capital industry.

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