The Lower Valley Hispanic Chamber of Commerce is focused on the growth of its members is to promote progress and provide opportunities to expand business.
LOWER VALLEY HISPANIC CHAMBER OF COMMERCE, TEXAS SELECTED TO BECOME CROWDFUNDING
Lower Valley Hispanic Chamber of Commerce, TX October 25, 2016. Lower Valley Hispanic Chamber of Commerce, Texas has been selected to become a Demonstration Site for a new, locally focused crowdfunding platform as part of a research project funded by USDA, Lower Valley Hispanic Chamber of Commerce is one of three communities recently chosen to launch the crowdfunding platform and demonstrate its effectiveness as an economic development tool.
The Local Crowd, a Laramie, Wyoming based company, received a Small Business Innovation Research (SBIR) grant from USDA last fall to establish the demonstration Sites. The Local Crowd’s platform offers features and educational programs designed to help rural communities activate entrepreneurial ecosystems and spur local investment. The two-year USDA grant will support the launch of up to 30 Demonstration Sites, with the ultimate goal of commercializing a new tool that provides better access to capital for businesses and organizations across rural America.
Lower Valley Hispanic Chamber of Commerce will serve as the crowdfunding platform host. Tony Gutierrez said, “Crowdfunding will allow us to advance the progress of our rural communities through new investment in small businesses to foster the creation of an entrepreneurial ecosystem; to expand the local and regional markets of our members by promoting the uniqueness or superior quality of their products and services; to expand the opportunities for small businesses to access new capital and overcome the disparity of economic tools available to large businesses; and to serve as a catalyst for productive collaborations across geographical boundaries”.
In addition to the Lower Valley Hispanic Chamber of Commerce, the communities of Wood County, Wisconsin; and Butte, Montana were also selected as Demonstration Sites. They will join the communities selected in the first two rounds of applications including Bozeman, Montana; Laramie, Wyoming, Golden Hills, Iowa ; Goshen, Indiana; Monadnock Region, New Hampshire; Oregon, Illinois; Sauk Valley Region, Illinois; Spoon River, Illinois, and Teton Valley, Idaho.
“We are pleased to have such a strong group of dedicated, diverse and visionary communities coming in as our third group of Demonstration Sites,” said Diane Wolverton, Co-Founder and CEO of The Local Crowd. “During the review process, each community team submitted a vision statement about how being a Demonstration site would impact their community. These vision statements capsulized their commitment to ‘expand local and regional markets, catalyze productive collaborations, create new jobs, stimulate business startups, and build as grass roots movement’. We are looking forward to great results from this dynamic and extremely creative team!”
The Demonstration Site teams will complete an eight-week online training program to introduce them to the crowdfunding software and support successful implementation of the platform. The target date for launch within each of the communities is early 2017.
On November 11, 2016, The Local Crowd will issue its fourth and final Request for Proposal for communities’ interested in becoming Demonstration Sites as part of the USDA research project. To request a copy, write Kim Vincent, using the email subject line, “RFP Request.” On Thursday December 15 at 11 a.m. MST a free 30-minute pre-submission webinar will be held for those interested in information about responding to the RFP. Deadline for proposal submission is February 1, 2017.
About The Local Crowd
The Local Crowd combines crowdfunding technology with the Spirit of Community and the power of local investing to catalyze communities that invest in themselves.