MEDC Will Now Match Up to $100K in Community CrowdfundingBy Amanda Lewan on June 25th, 2014 /
The State of Michigan continues to lead the way for crowdfunding initiatives with the new crowdfunding bill passed earlier in 2014, and now an innovative grant matching program that is the first of its kind in the United States.
If you’re looking to crowdfund a community place-based project the MEDC will match your successful campaign with up to $100K. The program is partnering with local crowdfunding platform Patronicity based out of Detroit. They are specifically looking for community placemaking efforts, like redeveloping a neighborhood building for shared use, an activation of an outdoor space, or creating a local park.
The program is called Public Spaces for Community Places, a collaborative effort of MEDC, Michigan Municiple, and Patronicity. It is the first program of its kind in the United States where local residents can be a part of the development of transformational projects i their communities and receive a matching state grant.
“Innovative placemaking efforts help create thriving, sustainable and unique places where workers, entrepreneurs, and businesses want to locate, invest and expand,” said Governor Rick Snyder. “The ability to attract talent and grow businesses is greatly increased when we can take advantage of the unique downtown assets in each of our communities.”
Applications will open July 9th at www.crowdfundingmi.com, a beautiful website listing other local crowdfunding resources for Michigan businesses and communities. Communities, non-profits and other businesses are all invited to submit projects and apply for a crowdfunding campaign through Patronicity.
The League designed www.crowdfundingmi.com as a one-stop website for all the crowdfunding needs of Michigan businesses, investors and communities. We caught this website soft launch a few weeks ago and have been tweeting it out. It’s great to see it live and to see more funding support and incentives.
Could your community use help crowdfunding? What would you like to see done to support local spaces?