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Investment Crowdfunding Used To Finance Green Infrastructure Pilot Project in VA

Fairfax, VA, USA
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InfraShares
Contact Partner

Goverment Champion

Deputy County Executive

Cost

Zero upfront cost to local government
Initial:
42 Thousand USD

Project Status

Operational since 2020

Keywords

Pilot
crowdfunding

Challenges Addressed

Citizen Engagement
Fiscal Uncertainty

Motivation

Smart city
Resilient city
Sustainable city

Funding / Financing

Bonds & Loans
Public Private Partnership
Innovative Finance
Green Bonds

Project Type

Project
Technology
Service

At a Glance

Crowdfunded debt used to finance green infrastructure pilot project in Fairfax County VA

Problem Addressed

Lack of working capital was preventing implementation of a pilot project for green infrastructure technology

Fairfax County used/is using innovative financing to address this/these challenge(s).

Solution(s) Used

Investment crowdfunding

Outcomes

  1. The pilot project was able to proceed prior to public funding availability

Something Unique

To fund the pilot, Matrix Materials secured crowdsourced funding via Infrashares - a platform specifically designed to help individuals invest in local infrastructure projects.

Who Should Consider?

Any city looking to explore more environmentally friendly construction options, but with limited budget can use the crowdfunding platform to support innovation.

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