Crowdfunding = More opportunities to invest locally

posted Jan 6, 2014, 9:43 AM by Unknown user   [ updated Jan 6, 2014, 9:43 AM ]
Crowdfunding = More opportunities to invest locally
The Senate's recent passage of crowdfunding legislation opens up a whole new pool of potential funding for entrepreneurs, a vital component to the expansion of Michigan's economy.

Excerpt:

"HB 4996, a creative approach to economic development, will allow the sales of securities to an unlimited number of non-accredited investors, provided the issuer registers with the State of Michigan. Any Michiganders who do not fit the federal definition of an accredited investor are given the opportunity to support their local entrepreneurs, existing small businesses, and real estate investments."

posted from :http://www.metromodemedia.com/inthenews/crowdfunding0327.aspx




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