Crowdfunding: A Catalyst for Local Economic Growth - SXSW Interactive 2013 by SXSW published on 2013-06-25T17:52:02Z At a time when funding from local, state, and federal governments is spread thin and credit is increasingly harder to come by, crowdfunding has demonstrated that collective and collaborative efforts of individuals can fuel significant change within America’s communities. Through harnessing the power of connectivity and cause, we’ve seen the generous nature of the human spirit meld with technology to create a social and economic marketplace that has enabled money to be lent, invested, and donated in ways and on a scale never before thought possible. And the opportunities to “make a difference with your dollar” are boundless. Projects in art, music and movies can be found on Kickstarter, cancer treatments on Indiegogo, free wi-fi for neighborhoods on Neighbor.ly, or small business entrepreneurs through Kiva.org. As millions of dollars are funneled daily through these sites, a new kind of economy of opportunity is emerging.