Watch WCCO 4 News Live: Click Here To Watch WCCO 4 News At Noon

crowdfunding

(credit: CBS)

Lawmakers Want Crowdfunding Service For Entrepreneurs

Minnesota legislators want to set up an online service to link young businesses with capital. MNvest would work like the crowdfunding website Kickstarter. But instead of getting a CD or T-shirt for donating to a project, investors would own a piece of the company they support.

03/03/2015

One of the many dinner offerings at the Band Box Diner in Minneapolis. (credit: CBS)

Historic Minneapolis Diner Reaches Crowdfunding Goal

A historic Minneapolis diner on the verge of closing now has the money it needs to stay open thanks to help from the public. The Minneapolis-St. Paul Business Journal reported the Band Box Diner was running on its last grill burner and it needed to be replaced. If it went out, so would the business.

01/21/2015

(credit: CBS)

Good Question: What Is Crowdfunding?

Crowdfunding is used for weddings, funerals and medical care, even college tuition. Relatives of passengers on the missing Malaysia Airlines flight 370 are the latest group to turn to crowd-funding to help solve the mystery. They launched a crowd-funding campaign in hopes of raising $5 million as a reward for a whistle-blower for information on the missing plane, and to start their own investigation.

06/10/2014