The New York City Council Now Using Kickstarter For Community Development

A somewhat new direction for the local startup.

Is there anyone who isn’t on Kickstarter these days? The latest bandwagon-jumpers: The New York City Council, which has partnered with the artsy crowdfunding platform to create a landing page that highlights New York City-based projects.

The move is positioned as a way to help business owners in low-income neighborhoods get access to hard-to-find capital, a persistent problem.

Remember when microlending was going to solve everything? Now it’s crowdfunding. Wonder what it’ll be in five years? 
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