Financial Director Note: Stock Market

Ka'Obi Sweeny
Should Apple Valley create a local stock market? That was the question posed to me. It would help business owners with limited funds, but there is a loan program for them-which reminds me, should we manage business loans the same way as mortgages (using Monique's bill payer system). That would help in terms of new deals which have a tendency to wipe out old accounts and loans.


I'll did a survey amoung small business owners and found out the following:

-there are 5 community businesses owned by residents
--The Toy Shoppe
--CupaJava
--Herendez Art Gallery
--Tati's
--The Farmer's Market
--Fresh Flora



-there are 2 municipal businesses owned by the hood
--The Centre
--The Medical Centre


-there is 1 homebased businesses
--Apple Valley Historical Church Gift Shop


The municipal and home-based businesses had no desire for shareholders. Of the community lot businesses, there was little desire for shareholders. Mostly the businesses operate with business loans.

--The Toy Shoppe-$0 loan
--CupaJava-$0 loan
--Herendez Art Gallery-$0 loan
--Tati's-$10,000 loan
--The Farmer's Market-$3000 loan
--Fresh Flora-$12,000 loan

Total: $25,000 in business loans



At this time do not recommend a stock market, instead a simple listing of businesses and thier customer service scores and rank would suffice. This is done with the Yellow Pages service from Simmerville.