Small businesses have a disproportionately big impact on the local economy, especially when it comes to creating jobs. But public policy has been slow to recognize that. The need for changes was a central theme at Monday's Smart Growth Symposium, presented the Leadership Institute for Ecology and the Economy.

On the global economic playing field, the ongoing tug-of-war between local business and corporate giants can be distilled into competing views of how capitalism should work, explains Mike Shuman, Director for Research and Economic Development for the Business Alliance for Local Living Economies (BALLE). He likes to think of them as two quite different women.

Many consumers are already aware of and acting on the desirability of directing their spending toward local businesses. But few give much thought to taking the same approach with their retirement accounts and other investments. Shuman explains how some of the long-standing obstacles to doing that are beginning to go away.

Local Businesses