COMMUNITY CAPITAL
Karl Dakin
I help you overcome challenges to raising capital. Take advantage of my Motivated Money Method to identify those investor candidates that are most likely to invest. Top expert in fundraising.
QUICK CALENDAR
NEXT MONDAY, August 12, Don Cohen show, 9 am MDT, LinkedIn Live
NEXT TUESDAY, Tuesday, August 13, Successful Funding, 8 am MDT, LinkedIn Live - TBD
NEXT THURSDAY, Thursday, August 15, Community Revitalization, 8 am MDT, LinkedIn Live – Jeff Dangremond – Impact Investing in Communities
FUNDING POINT – COMMUNITY CAPITAL
During the Community Revitalization show this morning, guest Bill Huston spoke eloquently about what he calls ‘Community Capital.’ This capital represents the buying power of the residents of a community. He explained that understanding that, like individuals and businesses, communities have wealth. And like individuals and communities, building wealth is a challenge that requires planning and work.
As Bill explained, if a person or business buys something within their community, the profits from that sale will stay in the community. If, alternately, a person or business buys something outside of their community, those profits leave the community “never to return.”
What does this mean? The community is bleeding wealth. It is shrinking in power in the ability to pay its expenses and invest in future growth.
Most people assume that all community wealth is achieved in the form of tax payments on property, income and special assessments. This is true from the perspective of the government, but the wealth of the local government is often a small portion of total community wealth.
Governments have conducted ‘Buy Local’ campaigns to create public awareness and encourage giving preferences to merchants and vendors when buying all products and services.
Big Box Stores and Amazon are often held out of easy-to-identify examples of buying outside of the community. Even though a story or delivery van may be in the community, the businesses are located outside of the community so that profits on sales flow to their corporate headquarters somewhere else. These businesses do pay property taxes and some income taxes on their retail outlets or warehouses, but this is a small fraction when compared to the profits that leave the community.
Michael Shuman is authored several books on the dependency of communities to survive and thrive through increasing local sales. His book, The Local Economy Solution: How Innovative, Self-Financing "Pollinator Enterprises” Can Grow Jobs and Prosperity, tells the story of building community wealth.
Bill stated there is a need to educate everyone who buys anything within a community on how it is in their self-interest to buy local.
Many communities have found themselves in a state of economic distress when too many businesses and their jobs leave the community leaving residents with no choice but to buy outside their community. Economic development program must reverse this trend by supporting, starting or recruiting businesses into the community.
From the perspective of raising funding at the community level, every resident in a community is a stakeholder who will benefit at many levels from investing in local businesses.
SUCCESSFUL FUNDING
YESTERDAY, AUGUST 6, Tom Fanning with Boomzaa was my guest on the Successful Funding show. LinkedIn Live at 8 am MDT. We discuss funding for workforce housing and collaboration within the housing, capital, and economic development markets. We focused on investment crowdfunding as a better tool for raising that difficult to find pre-development money.
You may see a recording of the show at:
You may view recordings of all past Successful Funding shows at my LinkedIn profile under Events:
RCI COMMUNITY FUNDS
As a member of this new company, I am working with a team of professionals to craft a new funding mechanism for revitalizing underserved communities.
TODAY, Bill Huston was our guest on the Community Revitalization show. We discussed investment crowdfunding as the best approach to community funding. The ability of ‘everyone’ to invest in a local business is viewed as a game-changer that has yet to earn the reputation it deserves. @Stephen Shaff and Karl Dakin hosted the show.
领英推荐
You may register to be in the audience for this show at:
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LAST WEEK, we introduced the RCI Community Funds team in the inaugural Community Revitalization show. We discussed the business model of RCI for creating a series of individual Diversified Community Investment Funds for selected communities and creating an academy to share this information with community leaders.
You may view a recording of the show at:
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DON COHEN SHOW
I was a guest on Monday on the Don Cohen Show. I was joined as a guest by Erwin Jack and Bill Barkhouse . We discussed ‘Empathy”- the ability to see and feel things from the perspective of the other person. Is this a skill, natural talent or a little of both?
You may see a recording of the show at:
Don is my mentor and guru on using LinkedIn as a social media platform to build my brand and build my community of individuals and organizations who work like me to help small businesses and communities raise funding.
SUBSCRIBE
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Karl Dakin, the Capital Coach
Dakin Capital LLC
Technology Pioneer | Thought Leader, Speaker, Community Builder | Equity, Impact, Sustainability | ENTJ
3 个月Karl, love this subject, as you know, so always happy to read & share your work. I believe you're aware of my role as Chair at Crowdfunding Professional Association (our board member Bill Huston, makes some sound comments below on how communities remain stifled). My other non-profit https://WEconomy.us is focused on restoring prosperity for communities in crisis where the vast majority of residents have no access to capital or the tools to harness it. Would love your thoughts on how our two movements can work better together because while wealth creation is the end result of all our work, how we go about it is incredibly important right now if we intend to extend that goal to people not just at the bottom of the pyramid, but below the arbitrary and outdated line bankers use to loan us our own money--creditworthiness. A WEconomy member doesn't need to satisfy private banks or know how to write grant apps or know how to attract venture investors, but are suffering nonetheless as Bill points out. So, our solution is to make local currencies available to anyone with time on their hands to pursue their goals. WEconomy is an expression of the Sustainable Communities Framework developed by our larger team at https://SCF.green Chat?
Founder of CrowdMax
3 个月Karl Dakin, As an investment crowdfunding strategy consultant, I can attest to the transformative impact of community capital. When communities grasp the true power of community capital, they unlock the potential to build lasting community wealth. The reality is that communities are already spending their housing and retail dollars, but too often, that money leaves the community, never to return. By implementing strategic community capital initiatives and directing spending towards locally-owned businesses, we can ensure that capital remains within the community, circulating and generating long-term prosperity. This is not just a theory—it's a practical solution for sustainable economic growth and community empowerment.
I help you overcome challenges to raising capital. Take advantage of my Motivated Money Method to identify those investor candidates that are most likely to invest. Top expert in fundraising.
3 个月Is the wealth of your community increasing or decreasing?