Funding shortfalls are common among cities, as this year’s municipal elections have shown. While many governments are turning to public-private partnerships to fund expensive projects, they also work with community organizations, social enterprises, and non-profit groups to implement projects and run programs such as affordable housing for seniors and job placement services for youth. Crowdfunding could represent another aspect of cost-sharing that municipalities could use to help pay for services and projects that have strong support of municipal staff and the public. I’ve written before about participatory budgeting in Vancouver, Calgary, Guelph, and Toronto and posted last month about a crowdfunded bus proposal originating in Toronto’s Liberty Village.
RaiseanArm.org is a civic crowdfunding website created by Abdullah Mayo and the Hamilton Stewardship Council to give the public more of a say in public spending. Building on crowdsourced models common among start-ups and entrepreneurs which allow innovative ideas to find funding from many small donors online, the website aims to allow citizens to suggest ideas for the city. Spacehive in the UK, the world’s first civic crowdfunding site, currently has 359 projects such as recreation facilities, public art, and building restoration projects–50 are now fully funded. Citizeninvestor in the US features projects from $2,500 bike rack installations or tree planting all the way up to $200,000 public parks.
RaiseanArm has worked with the City of Hamilton to investigate the feasibility and legalities of crowdfunding in Ontario. RaiseanArm staff will bring ideas to the City to find out if the project is feasible or already being done in the Hamilton. If the idea were approved by the City, the project would be posted in the website and citizens would be able to pledge financial support or volunteer their services to get the project completed. While Mayo is excited to begin with local projects, he would like to gather support from across Canada and eventually expand to projects across the country.