Chlorinated Capital provides an alternative to traditional municipal bonds.
Learn MORERaise money for your city by issuing equity instead of bonds. Allow your constituents to purchase ownership of their local government and receive dividends from city revenues.
Chlorinated Capital underwrites equity issuance and manages This For That, a public stock exchange and brokerage for municipal equity.
Traditional municipal bonds require your city to pay fixed interest payments, limiting the scope of projects that you can fund. In contrast, raising money by issuing equity requires no specific dividend payment schedule, allowing you to fund long-term, ambitious projects.
Just like ownership of a company's stock entitles you to dividend payments, individuals who buy equity in your city can receive dividends from the city's future revenue.
No; your city can pay dividends at whatever rate and at whatever time you like.
New shares and dividends are approved by whatever budgeting process that your city already uses (usually, a majority vote of council members).
The shares are traded on a public market, so anyone can buy or sell your shares.
No; since nearly every city complies with a Freedom of Information Act, no additional reporting is required.
No; shareholders do not have any official voting rights.
Yes; This For That, the municipal equity stock exchange, has tools to distribute equity compensation to city employees.
Chlorinated takes a 4% underwriting fee on all new shares issued.
We're trying to fix political incentives: Read the manifesto.