Civic Crowdfunding for Local Government

Posted by Sherie Sanders on Feb 1, 2017 4:03:00 AM

Ready for a pop quiz? Name our country's first civic crowdfunded project.* Since most of us think of crowdfunding as a modern phenomena, social media campaigns and online contributions come to mind. We might be surprised to find that the the purchase of the platform under the Statue of Liberty is often considered the first, or at least one of the first, major civic crowdfunding efforts in American history. $100,000 was raised thanks to Joseph Pulitzer and his ability to use his newspaper to rally the public around the cause. What is old is new again as modern technology has the potential to make crowdfunding more convenient than ever, and modern budget constraints have made alternative financing more necessary than ever.

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Topics: Alternative Financing