Crowdfunding Program Receives $500,000 in Funding

| October 2, 2019

Boston – MassDevelopment announced $500,000 in Fiscal Year 2020 funding for the fourth round of the Commonwealth Places program, a collaborative initiative that leverages public support for placemaking projects in Massachusetts.

The statewide program funds place-based, community-driven projects that revitalize downtowns and neighborhood commercial districts, such as art installations, public space improvements, bike trails, markets, and more.

Launched in 2016, Commonwealth Places aims to engage and mobilize community members to make individual contributions through the crowdfunding platform Patronicity, with the incentive of a dollar-for-dollar funding match (up to $50,000) from MassDevelopment if the crowdfunding goal is reached within 60 days.

Through its first three rounds, Commonwealth Places has launched 67 projects in Massachusetts, with communities crowdfunding more than $2.3 million and MassDevelopment providing more than $1.8 million in matching funds.

Projects have included main street improvement projects in Hyannis, North Adams, and Wakefield; neighborhood-wide public art installations in Lynn, Salem, and Worcester; and pop-up retail activations in Ashland, Brockton, and Lowell, among others.

Applicants are encouraged to apply early as funding is limited and applications will be reviewed on a rolling basis until Jan. 15, 2020.

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