Michigan Prosperity Agenda: Crowdfunding is an important tool that can be used to fund the efforts of many communities in becoming the kinds of places people want to live, work and play.
Program Explores How to Make a Better Michigan
Could crowdfunding be the wave of the future in Michigan’s communities? The Michigan Municipal League believes the answer is yes. Crowdfunding, in essence, takes the tools of Wall Street to the local level in a way in which everyone can use and benefit. The League’s November Prosperity Agenda radio show on News/Talk 760 WJR focuses on this crowdfunding movement, new state laws and what it means for Michigan’s economic growth. The League has become a leader in this crowdfunding effort and you can view the various crowdfunding opportunities available at crowdfundingmi.com.
The hour-long radio program is hosted by Dan Gilmartin, CEO of the Michigan Municipal League (the League). The show is sponsored by the League and the Michigan State Housing Development Authority (MSHDA).
THIS MONTH’S SHOW airs at 7 p.m., November 26 on News/Talk 760 WJR, and you can listen by clicking the links below. Listen as we talk about crowdfunding – the collective effort that allows people to raise money for almost any kind of project. Crowdfunding is an important tool that can be used to fund the efforts of many communities in becoming the kinds of places people want to live, work and play.
Dan Gilmartin, executive director and CEO of the Michigan Municipal League, explains that the Prosperity Agenda radio show is about challenging listeners to help make Michigan a better place to live, work and play. Gilmartin said having vibrant and prosperous local communities is a key factor.
- Dan Gilmartin explains this month’s show. (56 seconds)
Marjory Raymer is the director of news for MLive Media group. Her job is to inspire innovation and top-notch digital journalism. She directly oversees the editors of MLive’s 10 newsrooms — The Grand Rapids Press, The Flint Journal, Ann Arbor News, Kalamazoo Gazette, The Saginaw News, Muskegon Chronicle, Jackson Citizen-Patriot, Bay City Times, MLive Detroit and MLive Lansing. She talks about why she is so excited about the crowdfunding movement happening in Michigan and some of the projects she’s found inspiring.
- Raymer explains how helping one business through crowdfunding can actually help multiple other businesses as well. (6:59)
Katharine Czarnecki is the Director of Community Development with the Michigan Economic Development Corporation where she oversees the operations and management of the Community Development team and their associated programs. In her current position, Ms. Czarnecki leads the Community Development efforts at the MEDC to foster vibrant communities by ensuring access to economic development services and programs that cultivate sustainable projects to build a strong foundation for the future of Michigan.
- She discusses the crowdfunding-matching program that MEDC is doing for community projects. There’s some matching money left, but communities better apply quickly before the pot runs dry. (9:55)
Chris Miller is the lead economic and downtown developer for the City of Adrian, in SE Michigan. He came to this position with a background in business, a career in education that included private and international schools, and non-profit and government leadership work. He has been one of the leaders in launching the crowdfunding movement in Michigan.
- Miller explains why crowdfunding is the most exciting economic development opportunity for local governments in decades. ((10:18)
Kevin Hitchen is founder and CFA of Localstake, is an investment crowdfunding platform that startups and small businesses use to raise funding from investors in their community. Its mission is to help growing businesses more efficiently and effectively connect with capital in their community. Prior to founding Localstake, Kevin Hitchen worked in institutional investment management and due diligence at the Indiana Public Retirement System. Hitchen talks about his company’s relationship with the Michigan Municipal League and helping businesses and communities in Michigan.
- So how can someone make money by getting involved in crowdfunding? Find out by listening to Hitchen’s explanation about how this all works. (9:42)