Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Sunday, April 01, 2018

Working capital loans through crowdfunding

A record store, Exile on Main Street in Champaign, Illinois, lacking enough money to buy inventory for "Record Store Day," a nationally coordinated shopping promotion for independent record stores--this year it's on April 21st-- has set up a crowdfunding program to help them buy inventory, because they don't generate enough sales to put money aside for particularly large purchases of stock ("Exile on Main Street launches GoFundMe to save their Record Store Day," Smile Politely).

The funds are treated as store credit, not donations.

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