Neighbor.ly
Neighbor.ly is a civic crowdfunding platform which helps promote places and civic projects in need of fundraising. The idea behind Neighbor.ly brings local projects to the community and with contributions from donors and individuals, kickstarts those projects.
Neighbor.ly Benefits
The label of civic projects can be a bit broad, but don’t let that dissuade you from the purpose. Projects can be all sorts of different objectives. Some popular projects have included Google Fiber, an idea devised to deliver high speed internet access, and Kansas City B-cycle, a public bike sharing system for downtown Kansas City.
For those projects in particular, Neighbor.ly helped to bring beneficial services to the entire community. The funds raised enable local governments to approve the projects that may otherwise be left out due to budget constraints. Moreover, contributors decide which civic projects are important enough to receive funding, thus giving power to donors in shaping a community.
Neighbor.ly Drawbacks
Currently Kansas City is where most Neighbor.ly projects are found, though future projects are expanding out to places like New Jersey, Washington D.C. and Oregon. It may be quite some time before Neighbor.ly expands to more areas which will ultimately hold them back a bit.
Only local governments or civic entities can start run a project on Neighbor.ly which means individuals will need to convince their locality to contact Neighbor.ly and start a project they feel benefits the community.
Other Considerations
Neighbor.ly does retain a 5% fee from the total contributed funds. An impressive safeguard that Neighbor.ly employs is the contract requirement placed on all project owners to ensure governments or other parties use the funds for the designated project.
While limited in it’s coverage area, Neighbor.ly is an up and coming fundraising platform that project starters should look into.
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