Everywhere you look, people are going local with their financial decisions.

Local food movements are popping up alongside local shopping campaigns as a growing number of consumers discover that spending money locally spreads economic prosperity where it counts the most — in local neighborhoods, local school districts or local downtowns.

But this idea has been slow to make its way into the investment world. Stock buyers look to global companies engaged in emerging markets or multinational investment banks when researching where to put their money.

In a world where you can buy a sliver of real estate thousands of miles away, a piece of gold mined halfway across the planet or an oblique financial derivative tied to the movements of the market, sometimes people forget that investing locally can pay dividends for both your pocketbook and your community.

Here are five ways to invest your money, time and energy locally.

Support a local startup

Venture capital and early stage funding is known as a high-risk and high-reward investment. But for those willing to accept that risk, investing locally is an option that provides unique advantages.

Online sites like AngelList can connect you with local startups seeking funding. And being local can give investors an advantage when completing their due diligence on a startup, its founders and its industry.

The old adage, “invest in what you know” becomes easier to follow through on when that investment is made in your own backyard.

Crowdfund a local campaign or company

If you want to fund a local startup or community campaign but don’t have the deep pockets to fork out a large lump sum, crowdfunding can help you be involved in funding an idea you believe in.

Through websites like KickStarter or GoFundMe, hundreds of these small investments, aggregated into a significant sum, can be a game-changing infusion of cash for a local company with big ideas.

Back business campaigns

While this is not investment in the traditional sense, putting time, energy and money behind community campaigns and business organizations such as Reno’s Biggest Little City, Nevada’s Center for Entrepreneurship and Technology or the Regional Alliance for Downtown is an investment in economic development efforts that fuel everything from business growth to employment.

And the overall growth of the regional economy is in the best interests of all businesses and residents.

Foster venture funding

Funding is the lifeblood of business growth, and Nevada has come a long way in growing a funding support structure in the past several years.

Thanks to the Battle Born Venture Fund, the middle-market funding supplied by Nevada Senate Bill 75 and the growth of local private equity firms such as DCA Capital, there are more options than ever for businesses seeking money to grow or start.

Community members invested in the growth of Nevada’s business community can help support the various effort to set up a funding system that fosters entrepreneurship across the state.

Blaze your own trail

Even with all the venture capital and crowdfunding money in the world in place, Nevada’s future still rests on the ideas of passionate entrepreneurs who choose to put down roots in Reno.

You can see this energy at work in the Reno Collective or at Norm Dianda’s Wild West Motorsports Park — efforts by local entrepreneurs who have energized the local economy and helped remake the city’s image.

Reno needs bold and creative thinkers who will put their money where their mouth is and be the driving force behind new businesses that will build our economy and our community for years to come.