The Crowdfunding solution is a powerful tool communities need. Help make it happen. We have a chance to make it legal! Click, share, and support now!
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The Crowdfunding solution is a powerful tool communities need. Help make it happen. We have a chance to make it legal! Click, share, and support now! Everyone said “Buying a building is really hard; it’s a huge undertaking, it’s a big challenge, and so on… yes, it is. But, people do it, don’t they? Can it be harder than running a nonprofit? Well, combine the two, and you have a really REALLY big challenge! So, we took a run at the Broadway Furniture building, going all the way to the last day. We did what other developers do, gathering funding, tenants, and designs. (It’s not THAT hard after you assemble the right professionals). And, we even got the loan term sheet. However, it came in the day AFTER our due diligence deadline, and the sellers said no go. Apparently, they need a quick cash sale before their bank comes calling. So, we are looking for other buildings… Happily, the work we have done to date is not wasted. Most of the work is applicable to any building, and it has helped shape our criteria and our partners. We’ve gotten new funding from the Harbourton Foundation and Irving Levin, who continue to push us to make this happen. So, we have a few buildings up our sleeve, and new ideas. Stay tuned. And have a great New Year Holiday!
There will be no Social Innovation Forum this month due to the holidays. Have a wonderful winter break! The presentations from our forum speakers are now up on the October Forum Page. Our event last Tues, Oct. 25, was held at the PNCA Collaborative Design Studio on growing community capital–both kinds–literally. Raising money is a clear need for social enterprise, especially when targeted at a deep systemic level. We believe, as Muhammad Yunus always says, “There is plenty of money” we just need to figure out how to free it up for making a difference. LOCAL INVESTING: A Grassroots Stimulus Program Jenny Kassan of Cutting Edge Capital is a national leader in helping community organizations raise money in non-traditional ways. It’s not charity, and it’s not Venture Capital (in the traditional sense). Direct Public Offerings are legal tools to work at the state level and raise money from neighbors and the public–the non-accredited investors–like you and me. (Certainly me!) John Katovich is a long-time (“recovering”, he says) veteran of Wall Street. He will help explain why the stock market and our mental model of investing is flawed in important ways. He expresses financial information in a way we can understand, and act on. Leslie Christian, CFA. Chief Investment Officer, Chief Executive Officer of Portfolio 21 is a leader in finance innovation. Her ideas on portfolio theory and strategic investing are exactly what we need to hear and understand. She will set the stage for us on why new ways of raising capital and making money are timely, and possible. SHARING OWNERSHIP—The DIRECT PUBLIC OFFERING This is a session designed for two groups of people. If you are someone who wants to raise capital for an organization, join us. If you are someone who wants to put some of your investment dollars into growing the local community, come learn how. You will leave with ideas for how money can be used to grow community benefit. This includes creating employment, enterprise, and innovation. Where: PNCA Collaborative Design Studio, 1330 NW Kearney When: Oct 25th 5:30 to 9:00pm How much: Register with Lin at lin[at]hatchthefuture[dot]org for $10 at the door, or drop in for $15. For more information and the agenda, see Springboard’s Forum Page.
Gain new ideas, strategies and tactics that will enhance the development and expansion of your community college’s entrepreneurship program. Hear from, and pose questions to respected community college professionals and entrepreneurs, as they present topics that will impact your community college and its entrepreneurship program. Connect with an impressive gathering of exhibitors and sponsors, presenting varied solutions to either jumpstart your entrepreneurship program or bring your program to the next level. Exchange ideas with colleagues at one of the several networking opportunities.
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