January 2014 ALAP Meeting Recap

Our crew kicked off the New Year with a January 9 dream-storm/group business session (we decided to try meetings like this every other month or so to discuss more general local investing topics/business ideas with invited guests and to catch up on group business). Michelle Ferrarese and Brenin Wertz-Roth came to have an open dream-storm about their plans to collaborate and grow Birch Point Farm in Elmwood Township. They are looking at community capital options and will be our invited agripreneurs for next month’s ALAP meeting.

For the group business portion of our meeting, we briefly discussed Michigan’s recent crowd-funding legislation that establishes rules for in-state equity crowd-funding from investors of all sizes (nice to see the Great Lakes State moving faster than the Feds on this front…). Other brief topics discussed include the work being done out West by Community Sourced Capital (no-interest, crowdfunded community business loans), former ALAP presenter Timothy Young’s crusade to protect his company’s intellectual property against corporate giants Chipotle and Huffington Post, growth initiatives underway at Odom Re-Use, and recent inquiries from local media (articles hopefully coming soon).

Our next potluck meeting is scheduled for 6-8pm Thursday, February 13 @ MLUI HQ. Confirmed so far is a presentation from Michelle and Brenin @ Birch Point Farm. Dennis Bean-Larson may also give us an update on ERG Foods. All are welcome to join this meeting, we simply ask that you RSVP (aslocalaspossible@gmail.com) so that we can ensure sufficient seating.

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