crowd funding

City of Frankfort

This week on WBAA’s Ask The Mayor, we offer some helpful hints to budding entrepreneurs, including this one: If you want a city to give you a tax abatement, there are a few key words you can use to describe that investment you want to make.

Crowd funding helps local entrepreneur

Jun 17, 2013

Crowd funding is allowing an entrepreneur from the Lafayette area to sell his invention.

Sean Connell created “A Tool of Multipurpose” (ATOM). He used the crowd funding website Kickstarter for people to pre-order it. That money will allow him to produce the key-shaped tool.

Connell has surpassed his goal by more than $30,000. He says the website he used does have some restrictions, but the screening is done by potential funders who read about the investment or product and the project’s creator.