A New Economy

Transition to a More Stable, More Local, More Sustainable Economy

Everyday people are taking action to change how and where they spend their money. They are doing so for a variety of reasons:

  • To use their money to meet real human needs rather than an unending list of "wants"
  • To save their money in local banks and credit unions with a good track record of community-based investing, that don't redline or make unethical loans that later damage the community through foreclosures and business closures
  • To invest in local businesses that create real local jobs
  • To shift money away from purchases or investments in corporations and factory farms that oppose local democratic decision making and reasonable regulations to protect people and the environment
  • To wrest their money - including retirement funds - away from Wall Street speculators and the devastating ups and downs of unfettered markets

The economy is not really numbers on a coin or piece of paper. It's really about relationships. Sharing is another part of the economy. The Twin Cities has had a time bank (Hour Dollar) for decades. The cities are home to several cohousing communities. NE Minneapolis - and now midtown St. Paul - have tool sharing libraries. You can also find shared maker spaces and cooperative work spaces.

Minnesota is home to more cooperatives than anywhere else in the U.S. And CoopPrincipal is an investment group for folks who want to promote cooperatives. Northeast is the beneficiary of local investing through the Northeast Investment Cooperative (NEIC).  (A similar group operated in SE Minneapolis for a number of years, purchasing local housing to ensure it was not bought by absentee landlords and allowed to turn into slum-like housing.)  We can access great food through a hundred local CSAs and visit dozens of restaurants with farm-to-table connections.

In some arenas. Minnesota is only now coming into its own. Minnesota’s local business investment portal – MNVest – has only recently gone live, allowing average people to invest in local businesses. Slow Money Minnesota is starting to offer opportunities to invest in growing farms and farmers. Community solar gardens are finally being approved and implemented, after several years of delay. And conversations are just beginning around the idea of a creating a municipal bank.

As exciting as these opportunities are in the Twin Cities, much more is happening in other places around the world, including alternative currencies like the Berkshire Buck and Bay Bucks in San Francisco. We invite you to review information found at the Transition REconomy Project to see what’s possible with ingenuity, creativity, vision and commitment.

If you have an idea and you are seeking community input and support, contact  Transition Twin Cities and we'll see if we can bring people together to hear more.

Economy Resources

Funding Opportunities


National Resources