April 5th marked the three-year anniversary of President Obama signing the Jumpstart Our Business Startups (JOBS) Act into law. Among other provisions, Title III of the Act paved the way for non-accredited investors—those 93% of Americans who make less than
Michigan economic developers, local communities of all sizes, chambers of commerce, and any Michigan resident who loves the place they live should investigate MILE, the Michigan Invests Locally Exemption, or PA264 of 2013. With this law, Michigan became the leader
We’ve highlighted the work that Angela Barbash is doing to help grow the investment crowdfunding movement on www.crowdfundingmi.com before. Well now, her business, Reconsider, has teamed up with Michigan State University to publish a Co-Learning Plan that provides information about
On June 25th, the Michigan Economic Development Corporation announced a new crowdfunding initiative which allows local communities and non-profits to access state funding for public space projects. The program – Public Spaces and Community Places, was developed in conjunction with
Her research is aimed at determining what entrepreneurs and investors need to be active participants in local investing and then tailoring training programs to fit those needs.
Kevin has spent a significant amount of time in Michigan since the passage of the new law, speaking to groups about what it means, and the opportunities it provides for Michigan communities, entrepreneurs and residents.
The “crowd” component is a key factor in crowdfunding on many levels. By engaging local residents in local economic development investments, entrepreneurs gets to test the market before they go forward with much larger investments and begin to build their customer base.
BUILD is a business and project planning class designed for aspiring and established entrepreneurs. To this day they have graduated over 300 entrepreneurs, many of whom have gone on to start successful businesses in Detroit.
Fostering a culture of entrepreneurship is one of the League’s eight assets that Michigan communities need to grow and strengthen, for our state to sustain and prosper in the 21st century.