Tagged: michigan

Detroit Man Set to Receive New Vehicle Thanks to GoFundMe Initiative

A Detroit resident named James Robertson made headlines when the story about his rough work commute surfaced this week. The 56-year-old man walks from his home on Woodward Ave to catch his morning bus to Somerset Collection in Troy before he walks to his job… Read More

Fundrise Will Avoid Using Intrastate Crowdfunding Regulations as it Fears the Feds

Fast growing real estate crowdfunding platform Fundrise has been expanding its message and platform reach across a growing number of states. Site co-founder Dan Miller recently stated they are aggressively growing their company and are intending on setting up shop in Europe – specifically London as they… Read More

Brief: Fundrise Partners With Larson Realty Group to Redevelop Former Tiger Stadium in Detroit

First Crowdfunded Real Estate Project in Detroit  Fundrise, a leading real estate crowdfunding platform, today announced it is partnering with Larson Realty Group to develop the former Tiger Stadium in Corktown, Detroit’s oldest neighborhood.  It will be Fundrise’s first project in Detroit. The Economic Development Corporation… Read More

Michigan Governor Set to Sign First Ever Intrastate Secondary Securities Market Bill

First State to Create Secondary Market for Privately Crowdfunded Securities. Tired of waiting on federal regulators to implement investment (aka equity) crowdfunding for all investors, several Midwestern states, including Michigan, have legalized intrastate investment crowdfunding. Now, with the pending passage of HB 5273, Michigan’s effort… Read More

Michigan Aerospace Engineer Turns to Kickstarter For New Ice Cream Scooper; Scores 376% of Its Initial Goal

Ice cream lovers, rejoice! A Michigan resident by the name of Michael Chou has launched a Kickstarter crowdfunding campaign for the the Midnight Scoop. The new ice cream appliance is dubbed the “easiest way to scoop hard ice cream.” Originally seeking only $17,500, the project… Read More

Actor Tom Sizemore Turns to Crowdfunding For Heist Movie, Filmed in Detroit

Asking for funding assistance from his devoted fans, “Saving Private Ryan” star Tom Sizemore has launched a $500,000 crowdfunding campaign on Indiegogo for his new film An Honest Thief.  The campaign on Indiegogo is a “flexible funding” project – so whatever he raises he keeps…. Read More

Michigan Bar Owner Criticized by Community Member for Crowdfunding

Owner of the Arbor Brewing Company, formerly known as Corner Brewery, Rene Greff, is ready to set the record straight about her $75,000 crowdfunding campaign on Indiegogo. Earlier this summer, the Ypsilanti brewer took to the platform to launch a project to help upgrade the brewery’s… Read More

Detroit Company Raises $50,000 on Patronicity to Clean Up City Alley

Ready to make changes to the neighborhood, Midtown Detroit Inc. launched a $50,000 crowdfunding campaign on the platform Patronicity to clean and make green the alley between Alexandrine and Selden streets. The project raised $52,290 and will now receive help from other Detroit-based companies. According… Read More

Michigan Seeks to Create New Type of Broker Dealer

Michigan has been one of the states at the forefront of allowing intrastate investment crowdfunding to occur as Title III retail crowdfunding remains in a regulatory holding pattern.  The state has found capable champions in the legislature and within the business community making crowdfunding a… Read More

Michigan’s First Investment Crowdfunding Campaign Finds Huge Success

Michigan’s first investment crowdfunding campaign under the new Michigan Invests Locally Exemption (MILE) has successfully reached its maximum goal. The Tecumseh Brewing Company this week reached $175,000 in local investments from Michigan residents. The company is the first in Michigan to raise funds under MILE,… Read More

Michigan’s First Investment Crowdfunding Candidate Is Tecumseh Brewing Co.

The Michigan Invests Locally Exemption, or MILE for short, has its first potential benefactor. Tecumseh Brewing Co. will seek cash from the crowd in exchange for a revenue share in a bid to launch operations in Tecumseh, Michigan. The two cofounders, Tim Schmidt and Kyle… Read More

Advocates Push for Local Stock Exchange in Michigan

Michigan Municipal League, Representative Nancy Jenkins Push for Local Stock Exchanges. A bill pending in the state House of Michigan to create local stock exchanges to support small businesses would be the first of its kind in not only Michigan, but in the nation.  The… Read More

WATCH: Inside Crowdfunding Ep. 4 – Nick Meehan On Crowdfunding Lobbyists, An Exit For FundersClub, A New Michigan Bill, More

Hey, this week we got through a whole episode of Inside Crowdfunding without any major glitches! Success! Alon and I had a great conversation with Nick Meehan of The Lobby. Nick’s project piqued our interest after he was profiled in a piece for Vice. It’s… Read More

Michigan Reps Introduce Bill To Create Stock Market For Intrastate Crowdfunding Shares

Photo courtesy Wikimedia Commons

Today The Detroit News has published a short editorial in support of Michigan HB 5273 (embedded, bottom of article), a bill that seeks to cement Michigan’s recently-passed intrastate crowdfunding exemption by creating secondary markets where crowdfunded shares can be traded. The bill’s primary sponsor is a… Read More

State Crowdfunding Efforts Create Interstate Competition For Startups, Jobs

If we were tallying states up today, Kansas, Georgia, Michigan and Wisconsin have made equity crowdfunding legal and are in some stage of implementation. Alabama, Washington, Maine and North Carolina are all considering exemptions. Of course, that may change tomorrow. Amidst all the hoopla about a… Read More

Michigan Gets Its Own JOBS Act

The Michigan House Republicans shared this image of Governor Rick Snyder ceremonially signing Public Act 264 for 2013 establishing equity crowdfunding in Michigan. For more coverage, look to our previous articles below… Rep. Jenkins Hopes Crowdfunding Bill Will Be “A Real Win-Win For Michigan” A… Read More

BRIEF: Michigan Crowdfunding Bill Signed Into Law

Governor Rick Snyder has signed a Michigan intrastate crowdfunding bill into law according to a news release from his office on Monday. Predictions earlier this year that the bill could become law by the end of the year have come to fruition. Rep. Nancy Jenkins… Read More

Michigan Crowdfunding Bill Awaiting Governor’s Signature, State Reps Plan Outreach Campaign

Some within Michigan political circles were predicting that an intrastate crowdfunding exemption in the state of Michigan could be signed into law by the end of the year. It seems that prediction may come to fruition, as the bill has now been vetted by both… Read More

On Indiegogo: Diners, Drive-Ins And Dives Alum Krazy Jim’s Blimpyburger Seeks New Location

Krazy Jim’s Blimpyburger has been a staple in Ann Arbor, Michigan for decades. The burger joint has been feeding students at the University of Michigan since 1953. Current owners Rich and Chris Magner met while working at the restaurant in the 1970’s. It was even… Read More

Brief: Michigan Crowdfunding Bill Unanimously Approved In Senate, Heads Back To House

Michigan entrepreneurs and crowdfunding advocates are celebrating momentous news out of the state yesterday. The Michigan intrastate crowdfunding bill championed by State Representative Nancy Jenkins had been unanimously approved in the Senate. It is now headed back to the House for final approval before it… Read More

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