Cambridge, MA promoted small-scale investments in public projects through Minibonds program
Cambridge, MA Minibonds Resident Investments
The Cambridge Minibonds program used the Neighborly Securities platform to allow resident bond purchases for $1,000 per bond. Participants purchased up to $25,000 in five-year bonds with a 5% interest rate paid each year. Cambridge sold $2 million in minibonds during an initial one-week sale. The full-fledged Minibonds program raised $800,000 in the first day on its way toward a $2.5 million limit.
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City Of Cambridge Sells Over $800,000 In Mini-Bonds In One Day – CBS Boston
Since the City of Cambridge started offering mini-bonds Tuesday, they've sold more than $800,000.
City Announces Second Minibond Issuance, Invites Residents to Directly Invest in Cambridge - City of Cambridge, MA
Cambridge residents will once again have the chance to invest directly in Cambridge infrastructure by purchasing minibonds.
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