Can Crowdfunding Save Local Government Budgets?
There are countless local government projects that are not completed due to lack of funding. These are projects like building new parks, renovating neighborhood pools and adding bike lanes - projects that governments want to take on and citizens want to invest in, but often can't.
For decades, we have seen citizens host neighborhood barbecues to raise money to save a park or library - projects that can only happen through government and citizens partnering together. But what do these barbecues look like in the 21st century and what does it look like when vastly more projects have a chance of being funded?
Crowdfunding platforms focused on funding local government projects are sprouting up in the U.S. and abroad, giving citizens a direct say in where government spends their money for the first time in history. This panel will discuss the successes and failures of these startups and will answer the tough questions facing these new business models.
Additional Supporting Materials
- Jordan Raynor, Co-founder, Citizinvestor
- Story Bellows, Co-Chair, Mayor’s Office of New Urban Mechanics, City of Philadelphia
- Russell Wallace, CEO, CivicSponsor, Inc.
- Rodrigo Davies, Policy Manager, Spacehive
Jordan Raynor, Co-founder, Citizinvestor
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