In a piece at Mashable.com, reporter Alex Fitzpatrick looks into the potential effect that crowdfunding may have on startup growth across the country.
And with the JOBS Act winning overwhelming bipartisan approval in Congress, it’s now headed to President Obama, who’s promised to sign the legislation ito law.
Before that happens, check out Fitzpatrick’s article. Here’s an intro:
Can the crowdfunding-focused Jumpstart Our Business Startups (JOBS) Act really spark entrepreneurship, economic growth and hiring?
Rep. Patrick McHenry (R-N.C.), a staunch advocate of crowdfunding and contributor to the #FixYoungAmerica campaign to promote youth entrepreneurship, believes it can.
Businesses can’t raise money through crowdfunding in a meaningful way right now because of federal restrictions and red tape. McHenry wants to change that. A bill he introduced to near-unanimous support in the House became part of the foundation for the JOBS Act, which has been passed by Congress and awaits President Obama’s signature.
For the full version, visit: http://mashable.com/2012/03/31/jobs-act-mchenry/