Mike Moen

Mike Moen is the Morning Edition producer and serves as a staff reporter for WNIJ.  Every morning, he works with Dan Klefstad to bring listeners the latest Illinois news.  He also works with the rest of the news staff on developing and producing in-depth stories.  Mike is a Minnesota native who likes movies, history, and baseball. When most people hear his last name, they assume he is 100-percent Scandinavian.  But, believe it or not, he is mostly German. 

Some typical crowdfunding proposals posted online may look like this: Help my band record our next album or please contribute to my child's medical expenses.

But here's one thing the average investor can't do through crowdfunding: buy stake in a private company. That policy, however, is under closer scrutiny. With more competition for venture capital funding, equity crowdfunding is getting more attention.

One recent evening, some shoppers at the Countryside Market in Belvidere, Ill., were loading up on staples, like milk and eggs. Others, like Meghan Collins, were trying to plan Thanksgiving on a newly tightened budget.

"My work has been cut," says Collins. "I'm working half the hours I used to work. So yeah, I'm making half of what I made last year."

Transcript

RENEE MONTAGNE, HOST:

The drought is threatening a major event important to one small lake town. For more than 25 years, DePue, Illinois has hosted the American Powerboat Association's national championships. This year, officials discovered the water level in the lake was too low. And so, they embarked on an unusual effort to bring in more water.

Mike Moen of member station WNIJ reports.

(SOUNDBITE OF A MOTORBOAT)