In this episode of the Economics of Place podcast, I sit down with League Program Manager Melissa Milton-Pung to chat about community investment. We delve into the different types of community investment vehicles available to small investors who want to make a difference in their community.
Many people are familiar with donation-based crowdfunding, such as the Public Spaces, Community Places program where the Michigan Economic Development Corporation matches donations raised by the community for public quality of life projects. To date, over 200 projects have successfully raised funds through this program. Another vehicle is investment crowdfunding, wherein investors get a return on their investment, possibly with interest. Detroit City Football Club and the Tecumseh Brewing Company are two organizations that have benefited from investment crowdfunding.
For more information on both types of community investment, visit http://www.crowdfundingmi.com/