As tax expert and economist Rick Kelo knows full well, investing in one’s own stomping grounds is becoming increasingly common. Residents of the state of Oregon can now take advantage of the opportunities offered by an online organization titled Hatch Oregon.
Hatch Oregon consists of financial experts and other citizens who are intent on creating better infrastructure for the state. Events are held to showcase opportunities in the area, for example. The website also contains information on new businesses seeking capital. Each new business has a clearly-delineated business plan, stating the return on investment for potential backers. The business is outlined – is it a restaurant? An online or bricks-and-mortar store? Does it provide a specific service that is lacking or underrepresented in the community? All the information is right there, in clear, concise language.
Hatch Oregon works with leaders across the state to provide the necessary workshops and informational resources. The website offers a chat function so that potential investors, and anyone else wishing to learn more about the opportunities inherent in this new feature, can find out immediately what they can do, and how they can do it.One of the many advantages of investing locally is that when local businesses do well, so does the community served by these businesses. It’s a win-win situation. And a new one; previously, private citizens were unable to invest in a business in which they had no ownership interest. Now, this is no longer the case. In 2015, a new law was enacted to push the economy forward in a new and dynamic way, opening new business horizons for everyone. One of the businesses on the website seeking investors is a manufacturer of high-quality baseball bats. Another is a brewery. One success story is a manufacturer of ice cream, which was able, due to the money raised by its listing on the website, to open a bricks-and-mortar location in downtown Eugene, Oregon.