The Chelsea Standard
A Heritage Newspaper
Weekly Publication
Mission Marketplace, library to co-host program
By Sheila Pursglove, Special Writer
PUBLISHED: April 3, 2008
The McKune Memorial Library is teaming with The Mission Marketplace to present "Where You Spend Your Money Matters," a program on responsible investing and conscious spending. The drop-in event is set for 6:30 p.m. Monday at the library, 221 S. Main Street in Chelsea.
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Mission Marketplace staff will introduce the principles of socially responsible investing, conscious spending, and fair trade.
Professional investment advisers will give a presentation, and attendees can view samples of crafts and artwork that result from socially responsible investing - investment strategies that are environmentally responsible, support workplace diversity, and increase product safety and quality. Socially responsible investors may avoid businesses involved in such things as alcohol, tobacco, gambling, weapons and other military industries.
Kevin Frahm is executive director of The Mission Marketplace at 117 S. Main Street in Chelsea, a non-profit retail store featuring handcrafted items from Africa, Asia, India, South and Central America and more.
"One of our core values at Mission Marketplace include providing educational opportunities for the local community," says Frahm, who also is a committee chair for the April 26 Earth Day celebrations in Chelsea.
"Socially responsible investing is a way for each of us to put our personal economic power to work, earning us a reasonable return on our investments and investing in people and the causes you believe in."
Former Chelsea resident Barb Cherem is one of the presenters, and gave a similar program recently at the Chelsea Retirement Community.
"I've been interested in socially-responsible investing since 1979 when we bought Pax World, a fund that screens out any stocks that invested in armaments, tobacco and alcohol, on the birth of our daughter," Cherem says, "Did that same when 1982 came along and our son.
"We lived in Chelsea then and I thought it a balanced community, and always treated investments similarly, looking for a balance of ROI - return on investment - while supporting a decent company with decent financials."
For more information, call the library at 475-8732.
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