Lancaster Stock Exchange
The Lancaster Stock Exchange (or LanX) started as a research project but now has moved closer to a real business. Businesses need financing and aren't getting it right now, despite the fact that the U.S. is the largest and most efficient capital market in the world. LanX would provide alternative financing options for small and medium businesses in a discrete geographic region. Analagous to the buy local campaign, investing local is all about decentralized and relational business financing in the 21st century. It uses modern technology and governance to recover the positive tradition of decentralized financial institutions and funding instruments that operate at a human scale of enterprise.
Currently, LanX is seeking planning grant funding at the $500,000 level to overcome the technical and regulatory challenges associated with this novel concept. The startup budget for the first five years is $5.5 million, once these have been resolved.
