Our Vision

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The Initiative for Local Capital grew out of the Invest Local education series started by Milk Money in 2015. Our projects are designed to deepen and expand the financial literacy of those wishing to invest their money where their hearts and homes are.

We envision a future where the circulation of wealth within a region cultivates:

    • Strong, vibrant, and resilient local economies

    • A sense of place and community among citizens

    • Financial well-being for all



Our Team

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Janice Shade


Seasoned social entrepreneur and financial innovator who, after 17 years of climbing the corporate ladder, set out to create new models for conscious commerce. Since 2006 she’s launched or co-founded for-profit and non-profit ventures that share common themes of economic justice and local economic resiliency including Local First Vermont, TrueBody Products, Milk Money, and the National Coalition for Community Capital. She founded The Initiative for Local Capital as an innovation lab to explore, test and share programs that promote economic justice for all.


Our Board


Beth Sachs

Board Chair

Co-founder and former executive director of VEIC. As a leader in energy efficiency and passive solar work for more than 40 years Beth has made it her life’s work to combat climate change, advocate for social justice, and create a progressive and flexible workplace.

Eli Moulton

Representing businesses throughout the country, from small start-ups to nationally known venture-backed tech companies, Eli’s law practice involves providing sophisticated corporate legal advice across a wide spectrum of businesses and transactions.

Jake Ide

As director of investment & philanthropy of Vermont Community Loan Fund, Jake is responsible for its fundraising, capitalization and communications strategies.