Denali Chamber Economic Development Proposal - Flipbook - Page 24
Crowdfunding campaigns can be an effective
way to finance specific projects or
initiatives.
8. Public-Private Partnerships (PPPs):
Public-private
partnerships
involve
collaboration between government entities
and private sector organizations. In some
cases, these partnerships can include
financial contributions from both sectors to
fund economic development projects.
9. Philanthropic Individuals:
Individual
philanthropists
who
are
passionate about economic development may
make substantial donations to support the
foundation's work. Building relationships
with high-net-worth individuals can be a
valuable fundraising strategy.
10. Membership Fees and Dues:
If the economic development foundation has
a membership structure, it can generate
revenue through membership fees and dues
from
businesses,
organizations,
or
individuals interested in its mission.
11. Revenue-Generating Activities:
Some economic development foundations
engage in revenue-generating activities,
such as providing consulting services,
hosting events, or managing business
incubators. Income generated from these
activities can support their mission.
12. Economic Development Agencies:
Regional or local economic development