An interesting article on why local investing is not just good, but smart:

As the movement for socially responsible investing (SRI) matures, a growing number of its movers and shakers are appreciating the importance of local investment. One reason is that there is compelling evidence that locally owned businesses are the key to community prosperity. Another is that the close proximity between investors and local companies increases corporate accountability and reduces the probability of fraud.

It goes on to list ten methods for how to do so, read the rest here.