{"id":9454,"date":"2013-12-12T15:55:17","date_gmt":"2013-12-12T19:55:17","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=2669"},"modified":"2013-12-12T15:55:17","modified_gmt":"2013-12-12T19:55:17","slug":"crowdfunding-legislation-passes-the-senate","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2013\/12\/12\/crowdfunding-legislation-passes-the-senate\/","title":{"rendered":"Crowdfunding Legislation Passes the Senate!"},"content":{"rendered":"

The Senate unanimously passed HB 4996<\/a>, the\u00a0crowdfunding<\/a>\u00a0legislation, today!\u00a0 All that is left for this to become law is for the House to concur (since it was a house originated bill) and a signature from the governor. We are an arm\u2019s reach away from being able to assist a segment of our economy that will prove to be huge economic drivers, those new small businesses and those wishing to expand.<\/p>\n

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.\u00a0 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.<\/p>\n

Additionally, here are a few documents with information on crowdfunding to help get you thinking if you are looking to start something like this in your community.\u00a0 These documents were prepared by students in U of M\u2019s Ford School of Public Policy who have done extensive research on this.\u00a0 The first is a document for local investors (crowdfunding_investors<\/a>) and the second for local businesses (crowdfunding_businesses<\/a>).<\/p>\n

Nikki Brown is a legislative associate for the League handling economic development and land use issues.\u00a0 She can be reached at nbrown@mml.org or 517-908-0305.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Senate unanimously passed HB 4996, the\u00a0crowdfunding\u00a0legislation, today!\u00a0 All that is left for this to become law is for the House to concur (since it was a house originated bill) and a signature from the governor. We are an arm\u2019s reach away from being able to assist a segment of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-9454","post","type-post","status-publish","format-standard","hentry","category-uncategorized","mml-onemagnify-plugin"],"acf":[],"yoast_head":"\nCrowdfunding Legislation Passes the Senate! - Inside 208<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mml.org\/inside208\/2013\/12\/12\/crowdfunding-legislation-passes-the-senate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crowdfunding Legislation Passes the Senate! - Inside 208\" \/>\n<meta property=\"og:description\" content=\"The Senate unanimously passed HB 4996, the\u00a0crowdfunding\u00a0legislation, today!\u00a0 All that is left for this to become law is for the House to concur (since it was a house originated bill) and a signature from the governor. 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