JOBS Act Crowdfunding: Introducing New Sources of Capital to Low-Wealth Entrepreneurs

JOBS Act Crowdfunding: Introducing New Sources of Capital to Low-Wealth Entrepreneurs

(As published on Huffington Post)

April 6, 2012

Yesterday, I attended President Obama's signing of the Jumpstart Our Business Startups (JOBS) Act at the White House. The JOBS Act, which passed in Congress at the end of March, is a combination of capital formation proposals to make it easier for firms to raise capital, including and most importantly, crowdfunding. Crowdfunding will allow entrepreneurs and microbusinesses new and innovative ways to access capital over the Internet.

For many small businesses, personal savings and appeals for money from …

MORE...


JOBS Act Signing Press Release

JOBS Act Signing Press Release

April 5, 2012

Today I attended the President’s signing of the Jumpstart Our Business Startups (JOBS) Act at the White House. The JOBS Act which passed in Congress at the end of March is a combination of capital formation proposals to make it easier for firms to raise capital, including most importantly, crowdfunding. Crowdfunding will allow entrepreneurs and microbusinesses new and innovative ways to access capital over the internet. For most entrepreneurs today, personal savings and appeals for money from friends and family are the only way for …

MORE...


The Power of Microbusiness to Drive Job Creation

The Power of Microbusiness to Drive Job Creation

Entrepreneurship -- no matter what size the business -- has an enormous impact on the lives and livelihoods in communities coast-to-coast. One business, one loan, or one job can change the trajectory of one family, one community or one city. Microbusinesses (a business with five or fewer employees) represent more than 80 percent of all businesses in the United States and they are everywhere.

We believe microbusinesses have the power to change the entire country.

In fact, if just one in three U.S. microbusinesses -- the smallest, …

MORE...


Budget Process A Mystery To You? Read On

Just like the Cherry Blossoms here in Washington, the annual appropriations process is in full swing. Beginning with the President’s Proposed Budget, released in early February of each year, the Congress begins Budget hearings to set the overall spending numbers for the upcoming fiscal year. Although last year’s debt deal set (“capped”) the overall spending numbers for each year through 2021, House Budget Committee Chair Paul Ryan (R-WI) has proposed lowering this year’s overall number, potentially setting the stage for more Congressional spending fights this year.  While the House …

MORE...