Yes, a local college professor is proposing a stock exchange for the local area and proposes Lancaster as the location of that stock exchange. Is it passable?

The proposed name of the stock exchange is Lancaster Sustainable Enterprise Stock Exchange, or as is the nature of the exchanges, an acronym: LanX. Sounds like an airport.

The stock market would cater to local businesses that want funding. The stated benefits would be that the money coming from the stock exchange would come from local money, which would allow for more banking oversight, ethical procedures, and money for those who need it. The stock exchange would serve a 7-county area. Proponents say it would give small- and medium-sized businesses in South Central Pennsylvania the same funding options of national competitive businesses. It’s not exactly a tourist attraction, though, is it?

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This entry was posted on Monday, October 13th, 2008 at 12:48 pm and is filed under Business, Lancaster County, Pennsylvania. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.