Michael Shuman

Hartwick Hosts Author Michael Shuman for Lecture, Symposium

April 5, 2012

Hartwick College will welcome Michael H. Shuman - an economist, attorney, author, entrepreneur, and one of the world's leading experts on community economics - for the 2012 Dr. Arthur E. Rasmussen H '95 President's Lecture on Friday, April 20 and "Rural Solutions: Economic Development on a Human Scale," a one-day symposium planned for Saturday, April 21.

Shuman is Director of Research and Marketing for Cutting Edge Capital. He has authored, coauthored, or edited eight books. His most recent book, just published by Chelsea Green, is "Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street and Achieve Real Prosperity." His previous book, The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006), received a bronze prize from the Independent Publishers Association for best business book of 2006. He helped co-found BALLE, which represents 22,000 local businesses in North America in 80 communities, and is now a Fellow there. At Cutting Edge Capital, a consulting firm that helps communities and businesses solving finance challenges, he manages its economic-development initiatives. A prolific speaker, Shuman has given an average of more than one invited talk per week, mostly to local governments and universities, for the past 30 years. He has lectured in almost every U.S. state and eight countries.

The 2012 Dr. Arthur E. Rasmussen H '95 President's Lecture will be held on Friday, April 20 at 7 p.m. in the Anderson Center for the Arts Theatre on the Hartwick College campus. Shuman's address, "Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street" will be immediately followed by a panel response. The event is free, and the public is invited to attend.

Shuman will show investors, including the nearly 99% who are "unaccredited," how to put their money into building local businesses and resilient regional economies-and profit in the process. He will demystify the growing realm of local investment choices-from institutional lending to investment clubs and networks, local investment funds, community ownership, direct public offerings, local stock exchanges, crowdfunding, and more. He also will suggest how New Yorkers can seize lucrative opportunities to invest locally in their homes, energy efficiency, and themselves.

 Those unable to attend the lecture in person are invited to view Shuman's presentation via live streaming video at mms://

The Dr. Arthur E. Rasmussen H '95 President's Lecture aims to bridge the gap between theory and practice through a discussion that explores both the theories and the practical implications of the idea under examination. For further information, contact Hartwick College Director of Donor Relations Alicia Fish at 607-431-4021 or

The next morning, Hartwick College will play host to political leaders, community activists, representatives from citizens groups, local small business and agribusiness owners, and Hartwick student and faculty scholars for a day-long symposium on maximizing the contribution of local agribusiness and microbusiness to economic and community development in Chenango, Delaware, and Otsego counties. The emphasis of the conversation will be on policies that support sustainable local development on a human scale, in which "growth" is a means rather than an end to the process.

"The current economic climate has pushed local economic development to the forefront," said Hartwick Professor of Economics Carlena Ficano. "This symposium complements work taking place across the state and the nation to nurture healthy, prosperous rural communities."

The symposium will include a welcome by Hartwick College President Dr. Margaret L. Drugovich, the presentation of local economic research by Hartwick first-year student Kristine Green, and Shuman's keynote lecture, "Local Dollars, Local Sense." Working groups on Microbusiness Development, Agriculture, and Community Development will be convened and will present the results of their work for discussion at the end of the event before adjourning for a networking reception to close the proceedings.

This event is sponsored by the Southern Tier East Planning Board, the Hartwick College Office of Academic Affairs, Hartwick's 2011-12 Campus Theme, "The Human Question," the Hartwick College Honors Program, and The Hartwick College Department of Economics and Handsome Brook Farms. For more information, contact Dawn Rivers at

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Hartwick College is a private liberal arts and sciences college of 1,500 students, located in Oneonta, NY, in the northern foothills of the Catskill Mountains. Hartwick's expansive curriculum emphasizes a uniquely experiential approach to the liberal arts. Through personalized teaching, collaborative research, a unique January Term, a wide range of internships, and vast study-abroad opportunities, Hartwick ensures that students are prepared for the world ahead. A Three-Year Bachelor's Degree Program and strong financial aid and scholarship offerings keep a Hartwick education affordable

Contact: Christopher Lott
Phone: 607-431-4030