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

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

Claire Nelson
on Apr 13, 2012

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?

Participants (5)

What do you think?

Anonymous
on 2014-09-01T07:29:01+00:00
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YouLobby
on May 25, 2012
"Check out YouLobby for funding grassroots advocacy and lobbying campaigns!   www.youlobby.com"
Claire Nelson
on Apr 18, 2012
"Crowdfunding Signed into Law under JOBS Act Thu, 04/05/2012 Source: ..."
Jay Rayford
on Apr 17, 2012
"Hey Tunde, thats a GREAT idea! Actually I have plans to include something like that in our City..."
Tunde Wey
on Apr 15, 2012
"yep... I checked it out a while ago on your recommendation. It is a loyalty card program that..."
Tunde Wey
on Apr 15, 2012
"Thanks for that claire, never heard of lucky ant. I like how crowdfunding is becoming more..."
Nancy Reeves
on Apr 14, 2012
"Looks like a fantastic idea - but very limited geography (unless I'm misreading it).  Hope it grows!"
Nancy Reeves
on Apr 14, 2012
"GoodSearch is similar to Give as You Live.  Select a non-profit cause, and GoodSearch donates..."
Claire Nelson
on Apr 14, 2012
"(RED)"
Claire Nelson
on Apr 14, 2012
"Give As You Live"
Claire Nelson
on Apr 13, 2012
""Wedge not only acts as an independent shop ambassador, it also supports local charities which..."
Claire Nelson
on Apr 13, 2012
"Tunde: Have you checked out the Wedge Card in the UK? "
Tunde Wey
on Apr 13, 2012
"Here is my idea, as culled from my post: The most consistent and frequent activity people..."
Claire Nelson
on Apr 13, 2012
"I love this online crowdfunding platform called Lucky Ant for small businesses looking to raise..."

Claire Nelson

Claire Nelson - 2014-09-01T07:29:01+00:00 - "Detroit has very active foundations and corporations that invest millions of dollars in our..."

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YouLobby
on May 25, 2012 - 8:53 am

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

 
Claire Nelson
on Apr 18, 2012 - 11:03 am
Crowdfunding Signed into Law under JOBS ActThu, 04/05/2012Source: 

President Gives Small Business and InvestorsAccess 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.

 

 
Tunde Wey
on Apr 13, 2012 - 1:03 pm

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.

 

Responses(7)

Claire Nelson
on Apr 13, 2012

Tunde: Have you checked out the Wedge Card in the UK? 

 
Claire Nelson
on Apr 13, 2012

"Wedge not only acts as an independent shop ambassador, it also supports local charities which provide vital links in our communities. Wedge is proud to say that £1 from every £10 Wedge Card sold online will be given to a local charity. It is important that Wedge chooses to donate to local charities because by supporting smaller organisations, communities can benefit from the ground up."

 

 
Tunde Wey
on Apr 15, 2012

yep... I checked it out a while ago on your recommendation. It is a loyalty card program that gives back.I like that.  

I also like the give as you live  model because it is frictionless. People make a purchase and they are able to support charities they like without any fuss.

 
Claire Nelson
on Apr 14, 2012

Give As You Live

 
Nancy Reeves
on Apr 14, 2012

GoodSearch is similar to Give as You Live.  Select a non-profit cause, and GoodSearch donates money for searches (use it as an alternative to your current search engine), dining out, and purchases. 

 
Jay Rayford
on Apr 17, 2012

Hey Tunde, thats a GREAT idea! Actually I have plans to include something like that in our City Loyalty program. We should definitely talk as to ways I can tweak it though, because I have it where we take $5 from every business membership and put it into a pool that the community will vote for what organization it goes to (focused on smaller organizations of course). The more businesses we get signed up, the larger the pool, the bigger the impact. And we'd do this pool monthly. 

Let me know what you guys think!

 
Expand This Thread
Claire Nelson
on Apr 13, 2012 - 12:56 pm

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.

 

Responses(2)

Nancy Reeves
on Apr 14, 2012

Looks like a fantastic idea - but very limited geography (unless I'm misreading it).  Hope it grows!

 
Tunde Wey
on Apr 15, 2012

Thanks for that claire, never heard of lucky ant. I like how crowdfunding is becoming more specialized to encourage niche contributions. 

 
Expand This Thread
Claire Nelson
on Apr 13, 2012 - 9:45 am