Crowdfunding an increasingly popular tool for launching civic projects

Crowd Funding. Internet Concept.
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MONTREAL — At a time when municipal budgets are stretched and urban-improvement projects may not top a city’s priority list, community groups, non-profits and local governments are increasingly turning to crowdfunding to help finance public projects.

Crowdfunding websites, which allow groups and individuals to solicit donations online, are usually associated with artists, entrepreneurs and humanitarian projects. However, a small but growing number of crowdfunding campaigns are looking to finance civic projects such as artwork, and green and public spaces.

In the United States and Europe, purpose-specific sites such as Spacehive, IOBY and citizinvestor have been used to fund everything from bridges to bicycle services. To read the full article, click  http://s.coassets.com/Ct3

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