The Capital We Need Is Already Here

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The Capital We Need Is Already Here

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Views 141 | Comments 0

When most people think about economic development, they think about recruiting companies, building infrastructure, or attracting outside investment. Those efforts matter. But Fayette County has another opportunity hiding in plain sight which is helping local businesses access local capital. These businesses support local causes, hire residents, and spend money close to home. Yet for many, the biggest barrier to growth is capital. Despite Fayette’s education, affluence, and entrepreneurial energy, too many small businesses face that same challenge.

For years, communities across America have invested significant resources into supporting entrepreneurs. There are incubators, small business programs, pitch competitions, mentorship networks, and startup initiatives. Fayette County is no exception. Through organizations such as Launch Fayette, the Fayette Chamber of Commerce, and other community partners, we have worked to encourage innovation and entrepreneurship.

Still there is a missing piece in the equation. 

We have helped develop entrepreneurs, but we have not developed investors at the same pace. As a result, many promising startups and growth-stage businesses must look outside the community for funding. When they do, jobs, talent, and future wealth often follow the money elsewhere. Many Fayette County entrepreneurs want to grow their companies where they live, work, and invest their time. Too often, that desire gives way to relocation to Atlanta or other markets simply because that is where capital can be found.

The challenge is not a lack of wealth. Fayette County is home to successful business owners, executives, professionals, retirees, and families who already invest through traditional channels. What many have never been shown is that investing in local businesses can also be a viable way to grow wealth while strengthening the community. 

That is the purpose of the Fayette Investor Network.

Recent discovery meetings offered encouraging signs. Attendees showed genuine interest in building a local investment ecosystem. Dozens attended, many wanted to learn more, and several expressed a willingness to invest locally. The interest is real. The opportunity is real. The next step is creating an organized pathway that turns awareness into action.

The vision extends beyond startup funding alone. A strong local investment network can support both innovative startups and established Main Street businesses seeking capital for growth, expansion, equipment, manufacturing, or succession planning. This broader approach allows more residents to participate and creates more opportunities for local businesses to thrive. 

At its core, this effort is about creating what economic leaders call “circular prosperity.” When local investors support local businesses, those businesses create jobs. Employees earn income. Companies are growing. Investors earn returns. Successful entrepreneurs become future investors. Wealth stays in the community and is reinvested in the next generation of businesses.

The good news is that we do not need to build this system from scratch. We already have the organizations, relationships, and leadership needed to make it happen. Our task is to coordinate those resources around a common goal: cultivating both entrepreneurs and investors.

Fayette County has an opportunity to become a model for communities across Georgia and beyond. By activating local capital, supporting local businesses, and keeping more growth rooted at home, we can create benefits that last for generations. The future of Fayette County is not only about attracting outside investment. It is also about empowering our citizens to invest in the success already being created here.

If you are interested in how local capital can support local growth, I invite you to join us on September 15 at 9:00 am at the Fayette Chamber of Commerce. Details may be found here.

Leonardo McClarty CCE

Leonardo McClarty CCE

Leonardo McClarty is the President/CEO of the Fayette Chamber of Commerce where he is charged with the strategic direction and growth of the 650-member organization. Other appointments include serving as the President/CEO of the Howard County Chamber of Commerce in Columbia, MD. During his nine years there, the Howard County Chamber was annually one of the top chambers in the Greater Baltimore region in terms of membership. McClarty was also named Maryland Chamber Executive of the Year in 2022. He also served as Director of Economic and Community Development for the City of York, PA and President/CEO of the DeKalb Chamber of Commerce. Leonardo is married to Shaneka McClarty and they have three children.

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