The community bond is a fundraising tool that keeps resources local and invites neighbors to participate financially in PLaCE. By buying the bonds, neighbors give PLaCE a loan for a pre-determined time period. (This time period is currently TBD as the bond is still being designed.) In exchange, PLaCE gives bond holders a fixed rate of return, similar to a savings account. This is a core part of PLaCE’s community and relationship building approach.
PLaCE’s bond is being designed as one of three national pilot sites in the Making Missing Markets initiative, hosted by the Federal Reserve Bank. The community bond invites participation from neighbors, small-dollar investors, and institutions committed to ecological stewardship and rural prosperity.
Every dollar—and non-monitary contribution—helps strengthen PLaCE’s community- and relationship-building approach. The strength of this comes from how many individuals invest, not how much any one person invests.
Somehow get across the concept that a dollar and 50 thousand of them are both highly valued -- this is so key. IE you are committed to regenerative and participatory foundational principles to building and therefore for investing in PLaCE- governance, creativity, the use of and value of forms of non monetary currency or capital are all things you're thinking about. While you won't accomplish (perfection) you will be endeavoring to create a true shared future via the structure of the community bond.
