USA Today: “Crowdfunding, the cyberpractice of pooling individuals’ money for a cause, so far has centered on private enterprise. It’s now spreading to public spaces and other community projects that are typically the domain of municipalities.
The global reach and speed of the Internet are raising not just money but awareness and galvanizing communities.
SmartPlanet.com recently reported that crowdfunding capital projects is gaining momentum, giving communities part ownership of everything from a 66-story downtown skyscraper in Bogota to a bridge in Rotterdam, the Netherlands. Several websites such as neighborland.com and neighbor.ly are platforms to raise money for projects ranging from planting fruit trees in San Francisco to building a playground that accommodates disabled children in Parsippany, N.J.
“Community groups are increasingly ready to challenge cities’ plans,” says Bryan Boyer, an independent consultant and adviser to The Finnish Innovation Fund SITRA, a think tank. “We’re all learning to live in the context of a networked society.”
Crowdfunder, which connects entrepreneurs and investors globally, just launched a local version — CROWDFUNDx.”
