Royal Oak has kicked off a crowdfunding effort to raise money to build a small “smart park” in a pedestrian plaza next to a downtown parking deck with public WiFi, solar-powered digital charging stations, covered bike parking, a children’s area and more.
The city’s Downtown Development Authority and the head of the annual Arts. Beats & Eats event have already contributed $10,000 each. Donations to the park can be made online at rosmartpark.com.
Royal Oak needs to raise $60,000 by the time the campaign ends June 16 in order to qualify for a matching grant from the Michigan Economic Development Corporation. That would raise a total of $120,000 to build the park.
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BY ADAM HEITZMAN
It used to be the case that credit cards, family, friends, bank loans and personal savings were the most popular ways to fund a business startup, and with the most detailed of business plans, an entrepreneur could pitch Venture Capital firms and Angel Investors for funding. This is now all changing as more and more entrepreneurs are turning to the latest option for startups–Crowdfunding.
For those who are unfamiliar, crowdfunding is a means of raising funds from large groups. Kickstarter is probably the best example of crowdfunding. You create your business plan and idea and then upload it to the website with a financial goal in mind, and people can give money toward your goal if they believe in your business. It’s easy, and it’s a method to keep a close eye on in 2015.
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Courtney Jones is a board member on the Friends of the Ypsilanti Freighthouse, will describe how they have used online resources to spearhead the campaign for restoring and preserving this landmark.The Ypsilanti Freighthouse was a key stop on the early railroads into Michigan’s interior in the early 1800’s and has become a symbol of Ypsilanti’s rebirth in the 21st Century.
Vince Chmelewski, is the owner of Visual Compass, a web design and multi-media company out of Ypsilanti that has helped the Friends of the Freighthouse promote, gather support and crowd source funds for the project. (Full disclosure, Visual Compass, is the power behind our homepage and its exciting renovation coming very soon.)
Joe Bastian is a folkteller who has resurrected the legend of the Red Dwarf or Nain Rouge, a legendary character in the history of Detroit since its founding. He joined us twice last year (Podcast 1412 and Podcast 1429) as he launched a KickStarter campaign to raise $18,000 to produce the first novels in the Nain Rouge …Read More