The Local Crowd (TLC) Monadnock is a community-based crowdfunding platform that empowers individuals to support the businesses, organizations, and initiatives that grow wealthier and healthier communities in our region.
Crowdfunding is the practice of sourcing small contributions from a large number of people to provide funding for a particular project or campaign, usually via the Internet.
TLC Monadnock is a collaboration of regional economic development organizations working together to increase access to capital to both the for-profit and not-for-profit sectors throughout the region.
TLC Monadnock’s Mission:
We leverage the power of crowdfunding to cultivate a stronger ecosystem of investors, service providers and local economy champions investing in a local, green and fair economy in the Monadnock Region.
We envision a region:
This vision aligns with and supports the goals of the Monadnock Region Future plan which calls for a competitive and prospering regional economy that creates diverse opportunities for current and future residents and workers.
TLC Monadnock leverages the power of crowdfunding to make wonderful ideas happen -- projects that support a local, green and fair economy in the Monadnock region. We help businesses and community-based projects find access to capital.
We started TLC Monadnock in 2017 as part of a two-year study to build support networks for entrepreneurs in rural communities. During our pilot, we focused on five communities most economically impacted by the closure of Vermont Yankee, a nuclear power plant.
The Vermont Yankee closing caused the loss of 176 high paying jobs in our region and a ripple effect that reduced economic activity by $30 million annually. We wanted to demonstrate that instead of recruiting businesses from outside the region to make up for this loss, we could empower community members to support values-aligned businesses based here.
We gave preference to campaigns aligned with our regional master plan and contributed to a healthy, just, safe and environmentally sustainable community. We supported efforts to build more resilient communities, including campaigns that focused on sustainable agriculture, local art, renewable energy and alternative transportation. As of January 2020, we raised $126,567 from 1,017 supporters for 18 crowdfunding campaigns.
When our pilot ended in 2018, we were one of four communities invited to participate in a second study called TLC 4SE (pronounced Force) Incubator. This project will build on our initial success and support social entrepreneurs through crowdfunding, education and additional support. We will also provide additional support to campaign leaders from underserved communities and campaigns addressing systemic community issues in innovative ways. TLC Monadnock also expanded to include all towns in the Monadnock region and beyond.
Currently, TLC Monadnock is hosted by Monadnock Food Co-op, and managed by a team of volunteer business advisors. Our partners include NH Small Business Development Center, Greater Keene Chamber of Commerce, Greater Peterborough Chamber of Commerce and Monadnock Economic Development Corporation.
Questions? Please contact Jen Risley at firstname.lastname@example.org or 603-283-5401.
Learn more about what it takes to carry out a TLC Monadnock Crowdfunding Campaign.
The Local Crowd Monadnock - Mailing Address: 63 Emerald St. #114, Keene, NH 03431