Community-focused investing has funded local small businesses and startups across the US. Since 2016, half a billion dollars has been raised from investment crowdfunding, generating $2 billion in economic activity and supporting 100,000 jobs.

According to Regulation Crowdfunding by Congressional District: A Report Card by Crowdfund Capital Advisors, Congress can encourage this more by creating the Main Street Recovery Co-Investment Fund. The United Kingdom has already done this to great success. It worked so well that Fund was re-upped twice, including to support small businesses impacted by the coronavirus pandemic.

A critical lesson from the 2007-2009 financial crisis was that access to capital for small businesses matters. Small businesses were hit harder than large companies by the Great Recession. During and for a period after the

Read More

The Louisville police officer who fatally shot Breonna Taylor is currently raising money to fund his retirement.

a man wearing a suit and tie: Louisville Det. Myles Cosgrove is raising funds for his retirement on an online crowdfunding site.

Louisville Det. Myles Cosgrove is raising funds for his retirement on an online crowdfunding site.

Detective Myles Cosgrove was one of three Louisville officers who fired shots into Taylor’s apartment last March after breaking in to serve a search warrant related to Taylor’s ex-boyfriend.

Taylor, an emergency room technician, died from multiple gunshot wounds sustained in the botched raid.

Now, Cosgrove is seeking funds on the “Christian crowdfunding site” GiveSendGo so he can “purchase the remainder of his service time” and retire, according to the fundraiser’s description. He wants to focus on his family’s safety, which, per the description, has been threatened since protests erupted after Taylor’s killing.

“Myles’ reputation has been completely dismantled and the psychological trauma is something that he will have to cope with for the rest

Read More

The Australian Associated Press launched a crowdfunding campaign Monday as the newswire struggles with financial pressures just a month after it was sold off and relaunched as a non-profit.

CEO Emma Cowdroy said AAP was facing aggressive competition from a new rival, NCA, created by News Corp after the Rupert Murdoch-owned media giant backed out of its role as the leading shareholder in the national newswire.

She said News Corp now intends to “rapidly re-enter the commercial sector” with NCA.

“The well-funded move threatens AAP’s unique role, supplying independent content” to smaller Australian publishers, she said in a statement.

Cowdroy added the move would “create further disruption to AAP, and in turn the media market more generally, at a time when the industry is on its knees”.

AAP was relaunched in early August by a philanthropist-led consortium just months after staff were told the company would shutter as challenges in

Read More