What Does ‘Crowdfunding’ Mean for Pagosa?

Pagosa Daily Post

What Does ‘Crowdfunding’ Mean for Pagosa?

Muriel Eason | 11/29/12

What is Crowdfunding? It is a broad term and has multiple uses, but it is where a group of individuals independently decide that a project, a social cause or a small company is worth making a contribution or a loan to. If enough people come together to donate, the project gets funded and gets done. Typically, the project is described on the internet on a Crowdfunding platform created for the purpose. Crowdfunding gives the power to decide what is important and to get it done in the hands of individuals in the community. It gives people a chance to express their priorities by voting with their dollars — even small amounts.

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