What are innovative ways to fund small-scale...

What are innovative ways to fund small-scale community projects?

Started on Apr 13, 2012 by Claire Nelson

Detroit has very active foundations and corporations that invest millions of dollars in our community. Usually these funds are directed toward larger, established civic institutions and non-profit organizations with a demonstrated record of impact and success. But what if you have a new, untested idea to address a neighborhood need? How can we create more funding opportunities for smaller-scale but potentially transformative community projects?

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  1. Claire Nelson
    Claire Nelson

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  2. Claire Nelson
    Claire Nelson

    I love this online crowdfunding platform called Lucky Ant for small businesses looking to raise funds to improve. It makes so much sense to me that a regular customer has a vested interest in improving the experience of a neighborhood business he/she regularly frequents. If that experience is good, it can have a ripple effect throughout the surrounding neighborhood.

    For instance: If I had a favorite neighborhood cafe, and that cafe wanted to add outdoor seating but didn't have enough money for permits or construction, it would absolutely be in my self-interest to help make that happen with a small donation. (I'm antsy...so I wouldn't want to wait 5 years for them to save money for cafe tables, I would want to sit at the cafe table now!) Plus, the benefits of outdoor seating would be felt far beyond the walls of that business, contributing to a safer, more walkable neighborhood.

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  3. Tunde Wey
    Tunde Wey

    Here is my idea, as culled from my post:

    The most consistent and frequent activity people engage in is commerce. We buy things – gas, food, groceries. On most days, we each make some kind of purchase. Commercial activity cuts across all socio-economic strata. Poor or rich, young or old, we all engage in some form of commerce.
     
    So here is a big (or maybe small) idea: What if 1% of the total cost of all local purchases we made was somehow pooled into a fund to be distributed to worthy community projects? Every time you bought a $3 cup of coffee at your local café, $0.03 was tucked away into a community pot, until eventually we accumulated (thanks to the magic of mass consumption and caffeine) enough money to disburse to smaller projects that benefit the city.

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    Posted Apr 13, 2012

  4. Claire Nelson
    Claire Nelson

    Crowdfunding Signed into Law under JOBS Act

    Thu, 04/05/2012
    Source: 

    President Gives Small Business and Investors
    Access to Unprecedented Capital

    WASHINGTON DC — Today the President signed the Jumpstart Our Business Startups (JOBS) Act in to law.  This bipartisan legislation fulfills the President’s call to reduce regulatory burdens that prevent many small and young businesses from raising capital – specifically by allowing crowdfunding, expanding mini-public offerings, and creating an “IPO On-Ramp” consistent with important investor protections.

     

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  5. YouLobby
    YouLobby

    Check out YouLobby for funding grassroots advocacy and lobbying campaigns!   www.youlobby.com

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    Posted May 25, 2012

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Claire Nelson Tunde Wey Nancy Reeves Jay Rayford YouLobby Delphia Simmons Emily Cole Taryn Gress Aylex Araque

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YouLobby

YouLobby - "Check out YouLobby for funding grassroots advocacy and lobbying campaigns!   www.youlobby.com"

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Claire Nelson

Claire Nelson - "Crowdfunding Signed into Law under JOBS Act Thu, 04/05/2012 Source: ..."

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Jay Rayford

Jay Rayford - "Hey Tunde, thats a GREAT idea! Actually I have plans to include something like that in our City..."

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Tunde Wey

Tunde Wey - "yep... I checked it out a while ago on your recommendation. It is a loyalty card program that..."

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Tunde Wey

Tunde Wey - "Thanks for that claire, never heard of lucky ant. I like how crowdfunding is becoming more..."

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