On a very different note than my posts on philosphy and culture, from time to time I am going to post different random ideas that I have. Among my other areas of interest are developing non-profits and green/eco/fair trade. Here is an e-mail that I sent to a local commercial bank in Pasadena, CA.
--My name is Greg Wertime. I am a resident of Pasadena and I have an idea that I wanted to share with a local commercial bank.
I decided that if I’m going to invest anything that I wanted to have as much involvement as possible in what I'm investing in. There is an idea that I am promoting for my own interest as an investor and perhaps as an organizer too.
Lots of people are interested in green investing, but green investing for “small time” investors is limited to certain mutual funds and publically traded companies. Local green investing is limited to larger venture capital. I’m convinced that there is a lot of under-tapped interest in green investing among common “small time” local people that could be pooled together for green venture capital.
What if one of the local commercial banks had a “green banking” division where local residents could invest in local green/sustainable/and fair trade businesses.
Imagine a website where you could purchase CD’s at a minimum of $500 which would be pooled to make loans for local green start-up or green renovations. On this site you would see the local businesses featured that were receiving these green loans. Also imagine if on the site there would be an invitation for “green meets” every month that would be hosted by different loan recipients. “Green networking” among people interested in investing and promoting green business is a hot thing right now.
In this way local investing, advertising and green-networking would all be wrapped up with each other. This would a very innovative, banking concept – where the bank is the catalyst for the advancement of the green movement and thus for the benefit of those businesses that it is lending to. It would be a new vehicle for people who wanted to marry their investing with their interests.
I would be grateful to know your thoughts.