BOULDER, Colo. - An organization that encourages investments in small, local food businesses is relaunching a website to let donors big and small support a plan called "slow money."
Instead of attracting venture capitalists seeking high profits, Slow Money, based in Boulder, is looking for what it calls "nurture capital" for investments with higher social and environmental rewards. Founder Woody Tasch says he's not trying to trump multinational food companies, but to diversify the food portfolio by supporting small farms, microbrewers, bakers and others.
Through various chapters and investment clubs, Slow Money funders have invested about $24 million in about 190 small food enterprises since 2009.
At Slow Money's annual national gathering this week, the organization kicked off its Gatheround platform to help small-time donors support small food businesses.