The ssbn has been involved as a supporter of LanX from its inception, and hosted several open forums in 2008 and 2009 at member businesses.
Thank you so much for your continued support and wish us luck!
LanX: A Local Securities Exchange Project of South Central Pennsylvania Named Finalist in National Strong Communities Competition
LanX is one step closer to $5000 and winning the national Strong Communities: Engaging Citizens, Strengthening Place, Inspiring Change competition. This initiative of LanX was selected by CommunityMatters and Ashoka's Changemakers as one of 24 semi-finalists in early September, and was just named one of 8 finalists.
"The motivation of LanX is to make a serious difference in our community, while still recognizing and fostering its unique identity. LanX is designed to empower communities to finance their own futures and severing any dependencies on larger financial institutions.We are thankful to have this great opportunity to share our idea with a forum of individuals who care about their communities just as much as we do." -Jean Zouck
Three $5000 grand prize winners will be chosen by online voting between September 22 and October 7, so give LanX your vote! Visit www.changemakers.com/strongcommunities to read about LanX and cast your vote. All finalists will win a free trip to the national CommunityMatters'10 conference in Denver, October 5-8 (www.communitymatters.org/conference), which brings together leaders, thinkers and doers working to build stronger communities. The three grand prize winners will be announced October 8 in Denver.The Strong Communities competition seeks to identify innovative projects and ideas that engage citizens to steer change and build strong communities across the United StatesandCanada and to address problems ranging from economic decline to one-size-fits-all development, from decreasing social capital to the global energy crisis. The competition is sponsored by the Orton Family Foundation, which works to build vibrant, enduring communities in the Northeast and Rocky Mountain West.The finalists were selected by a panel of expert judges (Majora Carter, Founder of Sustainable South Bronx and President of the Majora Carter Group; Rich Harwood, Founder and President of the Harwood Institute for Public Innovation; Jared Duval, author and Fellow at Demos; and Bonnie Shaw, Founder and Director of BYO Consulting).Visit www.changemakers.com/strongcommunities to see the entrants and finalists, join the discussion, and to vote for the winners after September 22.
LanX is a local securities market that provides ultra micro-cap financing to SMEs, rejuvenating local communities by providing more financing options and shrinking the equity gap that currently hampers the development of small businesses. LanX will be a self-sustaining, locally governed, regional securities exchange that channels capital to small and medium size enterprises (SMEs) in South Central Pennsylvania. LanX aspires to help issue and trade securities for SMEs in a 10 county South Central Pennsylvania region, with the goal of replication in key areas around the nation. It is a prototype for a local exchange that can be replicated in many regions throughout the United States. LanX will help local companies seeking $500,000 to $10 million in an eight to ten-county region issue securities intended for within-state individual and institutional investors, who in turn will be able to trade the shares more widely on the LanX online trading platform.
CommunityMatters is an interactive exchange for individuals and organizations working to engage citizens and build strong, vibrant communities from the ground up. CommunityMatters fuels a growing network of leaders, thinkers and doers in a variety of disciplines - planning, sustainability, health, democracy, education, economic development, and the arts. CommunityMatters is a project of the Orton Family Foundation, in collaboration with other partners. www.communitymatters.org