ABOUT THE LOCAL CROWD COOP

Through crowdfunding, we envision strong, resilient local economies where neighbors know each other and support each other’s businesses.

girl and boy holding money showing growth in community, connection, capital with crowdfunding

COMMUNITY. CONNECTION. CAPITAL.

THE LOCAL CROWD HISTORY

Started in 2014, The Local Crowd, LLC began working with rural communities to create local crowdfunding ecosystems that support growth and sustainability of local businesses and organizations. 

In 2018 we had the opportunity to take part in a research grant to support the development of a strong 4th sector ecosystem. We provided services designed for local communities to engage, educate, and provide financial capital through the TLC crowdfunding platform.

After eight years of research and work in crowdfunding for rural development, TLC is taking the next step to being truly local by becoming a member owned and operated cooperative. The formation of a new nonprofit is designed to address the funding needs of small businesses and other nonprofits in rural America.  

yard sign saying buy local, shop local to encourage financial growth in small business

TLC made it possible for us to embrace the idea of asking our community to support our cause and our project. They allowed us to consider the potential of a project completed and the real and immediate outcome for our business.

MAKING THE TRANSITION

The Local Crowd Cooperative

WHY A COOPERATIVE?

The TLC Cooperative will provide a solution to the paucity of market-driven finance tools available to rural areas. Rural residents have a long history of relying on cooperatives to provide services that would otherwise be unavailable to them due to their small populations. Finance cooperatives have been serving rural customers since the Farm Credit System formed in 1916. Today there are 8,334 credit unions in the United States with services such as savings accounts, consumer loans, home mortgages, credit cards, ATMs, retirement accounts and certificates of deposit. The TLC Cooperative will add the service of crowdfunding to the offerings already available, giving members a modern, digitized option for business and organizational finance.  

RURAL AMERICA IS RIPE WITH POTENTIAL, STARVING FOR CAPITAL

Rural economic development can be tough. Research tells us that rural areas lag behind urban areas in economic growth, employment growth, entrepreneurship and innovation. 

Add to that the pandemic-caused financial crisis. History tells us that rural communities take longer to recover from recession than their urban counterparts—and many never recover fully.

New tools are needed to support recovery and long-term resilience. The new nonprofit TLC Cooperative is one such tool. It provides a source of nondilutive financial capital through rewards-based crowdfunding. It also offers related services such as education, support and community-building practices that strengthen local networks and relationships between businesses, customers, nonprofits, and rural residents. 

IT TAKES A COMMUNITY

CONTACT US TO LEARN MORE!