New report examines crowdfunding success in Michigan
A report released Thursday finds that crowdfunding works in helping revitalize Michigan communities.
The report from the Michigan Economic Development Corporation and Michigan Municipal League details the success of two Michigan-specific crowdfunding tools.
One is the donation-based crowdfunding program Public Spaces Community Places.
The other is an investment-based program for businesses known as community capital investing.
The money raised from these programs goes into projects like bike paths, educational centers, and community gardens.
More than $14 million has been donated to 212 projects since 2014.
You can read the report, Community Investment, Community Growth: A Retrospective in Michigan Crowdfunding, here.