Economic Development Newsroom


City Holds Crowdfunding Workshop For Small Businesses

Thursday March 7, 2013

A third workshop to help businesses explore crowdfunding resources will be offered by city government, Mayor Greg Fischer announced today. The free “Crowdfunding Means Business” workshop will be at 6 p.m., Monday, March 18, at the Main Library, 301 York Street, in the Centennial Room.

Featured presenters are principals of two groups which experienced crowdfunding success using Kickstarter. Tyler Deeb, of Pedale Design, and Barbara Cullen and Jon Huffman, with Vault 1031 Armored Car Theater, will share their experience and lessons. Deeb is a local artist who raised more than $140,000 for sales of individually designed decks of playing cards. The Vault 1031 Armored Car Theater project raised more than $15,000 for a new theater and multi-use art space in Louisville.

“Louisville is extremely proud of the success of Tyler and Vault 1031 and other local entrepreneurs with crowdfunding success,” Fischer said. “We hope that by sharing their stories, they will encourage other businesses to try this as a viable resource for new ideas and support.”

The program is for new and small businesses that are interested in learning about online crowdfunding resources such as Kickstarter.com, a popular funding platform for creative projects in fields such as art, dance, design, food, games, technology, and theater.

Crowdfunding (sometimes called crowd financing or micro-financing) is a growing method for small businesses and entrepreneurs to raise funds. Instead of the traditional approach of seeking a bank loan, individuals can connect with friends, colleagues and others through social media to seek capital.

The workshop is the third crowdfunding workshop sponsored by the city. It is offered by the Louisville Metro Department of Economic Growth & Innovation, the Department of Community Services and Revitalization’s microbusiness program, the Women’s Business Center of Kentucky, the Navigate Enterprise Center and SCORE. The Department of Community Service and Revitalization’s microbusiness program is funded through a Community Development Block Grant from the U.S. Department of Housing and Urban Development.

For more information, contact 574-5866 or CAPenterprise@LouisvilleKy.gov.

# # #