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Slow Money Austin

...promoting investment in environmentally, socially and culturally sustainable food systems
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Glossary

Glossary

Artisanal - Non-industrial; made by hand.

Commodified Food - Industrially produced food sold in markets governed by undifferentiated price competition.

Commoditize - To make a product or service into a commodity.

Community-Based - Having strong ties to a community by virtue of participation in the community.

Community Building - Intentional development of a community’s resources, especially its social resources.

Community Stewardship - Caring for a community's resources.

Conscious Buying - Attention to the social and environmental impacts of purchases.

Co-Producers - Businesses that contribute to the production of food through direct relationships with producers.

Food Dollar - The portion of a household's, enterprise's or community's budget spent on food.

Food Value Chain - The businesses involved in the production, processing, distribution and retailing of farm and food products.

Institutional Food Service - Food service in end-use institutions such as hospitals and schools.

Leakages (or Spending Leakages) - Dollars leaving an economy from purchases made from businesses located outside the community.

Linkages - Connections or relationships between enterprises and consumers.

Locavore - A consumer who directs his or her spending toward locally produced foods, goods and services.

Locally Directed Spending - Purchasing from community-based enterprises in preference to buying from businesses headquartered outside a region, but which may have local operations, such as a retail store.

Local Food Economy - The network of community-based food businesses.

Organic - Food grown according to pre-defined standards, which include the use of feed or fertilizer of plant or animal origin and excluding chemically formulated fertilizers, growth stimulants, antibiotics and pesticides.

Purveyor - Business that furnishes food to the general public, such as a restaurant or grocery store.

Small-Lot Variety - Variability from lot to lot of product produced in small lots.

Stakeholders - People who have a share or an interest, as in an enterprise or a community.

Sustainability - The ability to maintain a just and healthy system over the long term.

Why is Slow Money important?

There are many local food producers, food chain contributors and consumers who believe in sustainable food production, such as organic farming and free range livestock. Sustainable production typically provides for returns on investment based on different criteria than industrial "factory farm" production methods. Because of this, sustainable food businesses have difficulty finding investment capital to expand their operations, even when high demand extists for their products. An objective of Slow Money is to find local investors whose values and expectations align with the "slow food" concept and who are willing to investment in their community.