An New Economic Tool For Keeping More Of Your Local Dollars In The Local Community

In addition to generating ideas for investments, the Feser method has another important application:

We call this new tool the regional e-commerce trading platform. It is a new idea based on our understanding of how firms within a regional industrial cluster trade with each other.

We formalize trading relationships in the industrial supply chains using the internet as a web-based platform for facilitating transactions.

The new platform would allows firms in distinct regional industrial clusters to conduct business on the platform, instantaneously. The tool is an extension of the existing economic development practice of encouraging local firms to buy locally.

To our knowledge, this new economic development tool has never been tried in a regional geographical setting, but has been used extensively by supply chain software vendors for distinct industrial markets.