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Power of people topic of event
Garjian, the former director of small business development for the Valley Community Development Corp., said in a press release that he will discuss the “limitations of our corporate-based economy and why it is failing us and the environment.”
“E2M is not just an idea. After more than seven years of work by a number of dedicated individuals, we now have an infrastructure and a road map that shows exactly how communities can become as wealthy and economically powerful as large corporations,” Garjian said.
E2M has three main elements, the community, a Regional Economic Council and “EM certified businesses” which contribute a portion of their profits to the council and set aside another portion of profits or equity to be shared with or purchased by employees, according to [Garjian].
Community members can patronize the businesses, ensuring they will grow and provide “a significant and steady flow of wealth to the community,” [Garjian] said.
“The EM model is based on harnessing the purchasing power of individuals. Just as a laser aligns very weak rays of light to produce beams powerful enough to vaporize metal, normally uncoordinated economic transactions can be coordinated to create a sustainable network of EM citizen-controlled economies,” [Garjian] said.