Screen Shot 2013-04-11 at 10.24.31 AM

Kickstarter: A tool for neighborhood funding?


Kickstarter is a tool  that allows people with a good idea or project to ask the internet world for funding. Can it be a source of funding for urban economic development — particularly sustainable development projects in neighborhoods?

Blogger Emily Badger reports that the City of Chicago is exploring the potential of Kickstarter with a website called Seed Chicago.  She writes:

As Kickstarter has grown over the past few years into the Internet’s go-to crowdfunding platform, it’s been tempting to try to apply the model to anything and everything in need of cash – to products, places, programs, public parks, potholes, you name it. But the concept has some clear limitations when implemented at the urban scale. Maybe a neighborhood could fund its own park and street improvements when City Hall can’t. But what about the communities that can’t afford to do that? Crowdfunding of community assets could potentially double down on inequality.

Check out Emily’s post here.

 

 

See her report here.