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Defining Community Investment in Infrastructure Delivery

TitleDefining Community Investment in Infrastructure Delivery
Publication TypeWorking Paper
Year of Publication2017
AuthorsGasparro, K
KeywordsWorking Paper

With the proliferation of crowd technologies and a shift towards local control of infrastructure assets, community investment (including crowdfunding) has become a legitimate financial tool for infrastructure delivery. Community investment is the process by which individuals who benefit from or are impacted by a project choose to contribute or invest financial resources to a project via an intermediary. The methodology for this paper is derived from an extensive and systematic literature review of three fields of study: stakeholder management, public participation, and local investment. The first part of the paper discusses the historical background stakeholder networks and the introduction of community investment in infrastructure delivery. This is followed by an introduction of the four models of community investment: capital cost sharing, municipal bonds, civic crowdfunding, and equity crowdfunding. The last parts of this paper bring in relevant research in other fields to evaluate the different elements of community investment during the infrastructure delivery process.