Startup Allows Neighbors to Generate Returns Through Investments in Their Community #Sales @MondoPlayer [Video]

Cristian WorthingtonCristian Worthington Twitter, FeedToPost

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Image credit: Cooperative Capital via YouTube “A lot of people want to participate in Detroit’s recovery, but unfortunately, they feel that because they’re not a billionaire, millionaire, celebrity or politician, they feel they can’t,” Kwaku Osei told Fast Company....

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“A lot of people want to participate in Detroit’s recovery, but unfortunately, they feel that because they’re not a billionaire, millionaire, celebrity or politician, they feel they can’t,” Kwaku Osei told Fast Company.

Osei and his team founded Cooperative Capital to help change that. The startup allows residents to invest a small amount – as little as $1000 – into a pool of funds to be invested in local real estate and businesses. Investment opportunities will be …

“The real desire was to create a situation where residents were able to come together to collectively invest and build up our community in a way that everyone benefits,” said Osei.

While people will individually benefit from financial returns, the community will also reap the rewards of local businesses creating jobs and recirculating money within the city, and higher property values for neighbors of the rehabbed homes.