Michigan Prosperity Agenda: Crowdfunding Movement; Making a Better Michigan
Program Explores How to Make a Better Michigan
On this month’s Prosperity Agenda radio show we discuss the crowdfunding movement and a related local stock exchange bill pending in the Michigan legislature. Crowdfunding is a type of local stock exchange that allows residents to invest in small businesses and startups. The movement is poised to become reality in Michigan. Legislation recently passed in Michigan allows for the creation of these exchanges and will aide people in putting this powerful economic development tool to use in the state.
The hour-long radio program is hosted by Dan Gilmartin, Executive Director and CEO of the Michigan Municipal League (the League). The show is sponsored by the League and the Michigan State Housing Development Authority (MSHDA).
THIS MONTH’S SHOW airs at 7 p.m. March 26, 2014 on News/Talk 760 WJR, and you can also listen now by clicking the links below.Hear us talk about a new “PlacePlans” effort taking hold in communities throughout Michigan. Read more about the League’s vision for Michigan here and here.
- Dan Gilmartin explains this month’s show and what crowdfunding, as well as local stock exchanges, are all about. (2:30)
Claire Nelson is the director of Urban Innovation Exchange (UIXDetroit.com), an initiative to showcase and connect people leading impact in Detroit. She discusses her upcoming trip to New Orleans and Rome, as well as the Michigan Legislature’s passage of crowdfunding legislation and the impact it could have on Detroit.
- Claire gives many tours of Detroit to members of the media and business people interested in the Motor City. Hear her talk about some of the places in the Detroit area that she shows them. (6:01)
Summer Hallwood Minnick
Summer Hallwood Minnick, director or policy initiatives and federal affairs for the League, talks about how crowd funding provides a better chance for success for local businesses, start-ups and other entrepreneurial efforts.
- Summer explains how crowdfunding works and what it can mean for communities, business owners and investors. (10:24)
Rep. Nancy Jenkins
Rep. Nancy Jenkins sponsored the Michigan Invests Locally Exemption or MILE legislation that allows for equity crowdfunding in Michigan. From this legislation was passed allowing for the creation of local stock exchanges.
- Rep. Jenkins speaks from the lively House floor about why she sponsored the crowdfunding bill that is now a state law and why she’s now pushing support for the related local stock exchange bill. (8:40)
Joe Borgstrom is Director of the Downtown & Community Services for the Michigan State Housing Development Authority. The National Main Streets Conference is coming to Detroit in 2014. Borgstrom talks about why Detroit is the perfect venue to celebrate America’s downtown revitalization.
- Joe describes the National Main Streets Conference, why it’s coming to Detroit and what it could mean for Michigan. (10:16)