The Cackle: Episode #40
Accessing Capital to Build Community
SPECIAL GUEST: Bridget Anderson, Director, Patronicity
WATCH: Wednesday, December 16th on Facebook Live or Twitter at 10:30 am EST
Want to learn about accessing capital to build community? Check out episode #40 of The Cackle! Joining us for this episode is Bridget Anderson, Director at Patronicity. In June 2014, the Michigan Economic Development Corporation (MEDC) partnered with Patronicity to harness the power of crowdfunding to activate public spaces and create community places. This was the first ever statewide crowdgranting partnership, which led to an outstanding year of community inspired projects for the MEDC. Patronicity Project: Ypsilanti Farmers Marketplace By using the Patronicity model, the MEDC has seen a 97% funding success rate on proposed projects with over $6.2 million towards community funding that activated over 4.8 million square feet of public space. With added community engagement they doubled their granting budget, received extended publicity from the funding campaigns, and created a more efficient grant administration model saving time and money. Today, Patronicity is operating community development crowdgranting programs in three states; Michigan, Massachusetts, and Indiana.
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