Innovative Crowdfunding Approach by Frederick Businesses Sets New Trend in Community Support
In a bold initiative, three prominent businesses from Downtown Frederick are embracing an innovative crowdfunding model aimed at fostering their growth and engaging their community. This exciting approach was introduced by NuMarket, a platform dedicated to community-driven crowdfunding that enables local businesses to flourish and maintain strong ties with their customers. The businesses involved in this campaign—Frederick Social, Tenth Ward Distilling Company, and Twin Bears Bakery—are set to benefit while offering their supporters impressive returns.
Frederick Social, known for its inviting atmosphere and self-pour taphouse model, is looking to raise $85,000 to enhance its offerings by expanding its patio and improving kitchen operations. The co-owner of Frederick Social, Mike Nagi, expressed enthusiasm about this unique opportunity, stating, "We're thrilled to connect with our community in such a direct way. This campaign gives our customers a chance to be part of our next chapter, and we can't wait to serve them in new and exciting ways."
Tenth Ward Distilling Company, a female-owned business rooted in Frederick's community, hopes to raise $95,000 for refreshing its venue and boosting marketing initiatives to attract more patrons. Founder Monica Pearce highlights the significance of this campaign, emphasizing that it's more than just funding; it reflects a communal celebration of their shared journey.
Similarly, Twin Bears Bakery aims to gather $85,000 for procuring essential baking equipment, such as a walk-in fridge and a stone mill. Emily Roy, co-founder, shared her excitement about leveraging this campaign to educate the community about grain processing while simultaneously improving their production capabilities.
Each business will offer contributors an enticing return of 120% of their investment through store credit, emphasizing the benefits of directly supporting local establishments. This model allows contributors to engage with the businesses on a personal level, creating a sense of ownership and investment in their local economy.
The connection to NuMarket came through the Downtown Frederick Partnership's affiliation with Main Street America. This collaboration has proven vital in providing resources and spreading awareness about the crowdfunding model, which could significantly alter how local businesses operate and thrive. Statistics indicate that, through NuMarket, every dollar raised generates approximately $1.36 for the businesses and $2.26 for the local economy, contrasting sharply with traditional bank loans that often impose financial burdens on small businesses.
As community members rally behind these businesses, which represent the heart of Downtown Frederick's vibrant culture, the potential for shared stories and memories is immense. With fundraising campaigns for Tenth Ward and Twin Bears already underway and Frederick Social starting on May 7, there is a palpable sense of excitement in the air, anticipating all that these unique ventures will bring to the community.
The Downtown Frederick Partnership, dedicated to economic resilience and innovation, remains committed to connecting local businesses with beneficial resources. Executive Director Kara Norman expressed pride in this initiative, stating, "Our local businesses are the heart of Downtown Frederick. We're committed to this creative approach to growth, and we’re excited to see how it enhances relationships between business owners and the loyal customers supporting them."
In conclusion, this innovative crowdfunding campaign stands out as a pioneering model for economic support, fostering community ties and empowering local businesses in Frederick to thrive. The success of this initiative could act as a blueprint for similar communities nationwide, underlining the importance of connection and collaboration in times of economic uncertainty. To learn more about each campaign and contribute, visit their respective pages at NuMarket.
Frederick Social, known for its inviting atmosphere and self-pour taphouse model, is looking to raise $85,000 to enhance its offerings by expanding its patio and improving kitchen operations. The co-owner of Frederick Social, Mike Nagi, expressed enthusiasm about this unique opportunity, stating, "We're thrilled to connect with our community in such a direct way. This campaign gives our customers a chance to be part of our next chapter, and we can't wait to serve them in new and exciting ways."
Tenth Ward Distilling Company, a female-owned business rooted in Frederick's community, hopes to raise $95,000 for refreshing its venue and boosting marketing initiatives to attract more patrons. Founder Monica Pearce highlights the significance of this campaign, emphasizing that it's more than just funding; it reflects a communal celebration of their shared journey.
Similarly, Twin Bears Bakery aims to gather $85,000 for procuring essential baking equipment, such as a walk-in fridge and a stone mill. Emily Roy, co-founder, shared her excitement about leveraging this campaign to educate the community about grain processing while simultaneously improving their production capabilities.
Each business will offer contributors an enticing return of 120% of their investment through store credit, emphasizing the benefits of directly supporting local establishments. This model allows contributors to engage with the businesses on a personal level, creating a sense of ownership and investment in their local economy.
The connection to NuMarket came through the Downtown Frederick Partnership's affiliation with Main Street America. This collaboration has proven vital in providing resources and spreading awareness about the crowdfunding model, which could significantly alter how local businesses operate and thrive. Statistics indicate that, through NuMarket, every dollar raised generates approximately $1.36 for the businesses and $2.26 for the local economy, contrasting sharply with traditional bank loans that often impose financial burdens on small businesses.
As community members rally behind these businesses, which represent the heart of Downtown Frederick's vibrant culture, the potential for shared stories and memories is immense. With fundraising campaigns for Tenth Ward and Twin Bears already underway and Frederick Social starting on May 7, there is a palpable sense of excitement in the air, anticipating all that these unique ventures will bring to the community.
The Downtown Frederick Partnership, dedicated to economic resilience and innovation, remains committed to connecting local businesses with beneficial resources. Executive Director Kara Norman expressed pride in this initiative, stating, "Our local businesses are the heart of Downtown Frederick. We're committed to this creative approach to growth, and we’re excited to see how it enhances relationships between business owners and the loyal customers supporting them."
In conclusion, this innovative crowdfunding campaign stands out as a pioneering model for economic support, fostering community ties and empowering local businesses in Frederick to thrive. The success of this initiative could act as a blueprint for similar communities nationwide, underlining the importance of connection and collaboration in times of economic uncertainty. To learn more about each campaign and contribute, visit their respective pages at NuMarket.
Topics Consumer Products & Retail）
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