Innovative Practices for Community Supported Ventures
PI: Ivan, D. (Michigan State University)
Co-PIs: Wise, G. (University of Wisconsin) and Walzer, N. (Northern Illinois University)
Project Abstract: Methods of financing local businesses have changed in recent years with an increased willingness of residents in small communities to invest in local business ventures with the expectation that some of their returns will be in the form of services from that business. These alternative financing methods are not well understood by local practitioners yet. This project will identify best practices, isolate key factors associated with success, and then seek additional support to prepare materials that Extension personnel and other outreach organizations can work to help practitioners implement successful practices in their communities.