A growing number of states have taken it upon themselves to push forward with investment crowdfunding while the SEC still ponders Title IV and Title III of the JOBS Act. While Title II of the fabled bill has been in effect since September of 2013 – this crowdfunding exemption serves only to cater to the accredited investor category. Indiana in recognizing the profound potential toboost their local economy, create jobs and foster innovation, signed the bill into law back April of this year. The midwestern state benefitted by having a Governor willing to champion the crowdfunding cause – aided by committed staffers and community leaders.crowdfunding marketing
Governor Mike Pence has been a staunch advocate for small business. In an earlier statement his approach was described as:
Streamlining access to capital is a crucial aspect of launching a business. Over the years excessive regulation has stymied many businesses but now by leveraging advances in technology – crowdfunding may alleviate this challenge. Today in Indiana any business may review rules and file to list their offer on the Indiana Securities Division web site.
Adam Berry, Regulatory Policy Director & Special Counsel to Governor Pence, was one of the administrations leaders on the crowdfunding legislation. Berry recently stated of the now legalized approach to capital formation;
Hannah Joseph, an Attorney based in Indiana who works with local businesses and aided in crafting the investment crowdfunding exemption commented;indiegogo marketing
Indiana already has a well established investment crowdfunding platform in LocalStake. The company recognized early on the possibilities of launching a portal and is poised to play a significant role in the regions economy. LocalStake has also teamed up with the local SDBC to connect Indianapolis-area small businesses with the strategic planning and funding they need to take their business to the next level. The partnership has created a “Drive for 25″ acceleration program for growing Indianapolis-area businesses.
While some states have viewed investment crowdfunding with suspicion and fear, others have embraced this innovative and disruptive technology- viewing change as a positive. Indiana is now part of this elite, innovative group.kickstarter marketing
Posted from: http://www.crowdfundinsider.com/2014/07/43157-crowdfunding-day-indiana-state-exemption-goes-live/