Tuesday, July 3, 2012

The Promise of Crowdfunding for Social Enterprise | The White House

Wow! This is a golden opportunity to build a clean and resilient energy system.



Earlier this month, the White House hosted a briefing for the American Sustainable Business Council, a national network serving social enterprises from early-stage startups to established success stories, like Patagonia and Ben & Jerry's.  Senior White House staff took time to meet with chief executives and thought leaders, such as Seventh Generation founder Jeffrey Hollender and Stonyfield Farms pioneer Gary Hirshberg, to discuss many aspects of the President's agenda to support overall economic growth, including the Impact Economy. 

As part of the conversation, the discussion focused on the Jumpstart Our Business Startups (JOBS) Act.  The JOBS Act is a bipartisan bill signed by the President into law in April that will allow small businesses and startups to raise capital from investors more efficiently, leading to faster growth and hiring. 

One of the key features of the JOBS Act is to enable "crowdfunding" – letting companies raise up to $1 million in small increments from many investors.  As the President said, this is "a potential game changer":

"Right now, you can only turn to a limited group of investors -- including banks and wealthy individuals -- to get funding.  Laws that are nearly eight decades old make it impossible for others to invest.  But a lot has changed in 80 years, and it's time our laws did as well.  Because of this bill, start-ups and small business will now have access to a big, new pool of potential investors -- namely, the American people.  For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in."

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Joy Hughes, Founder, Solar Gardens Institute http://www.solargardens.org
CEO, Solar Panel Hosting LLC http://www.solarpanelhosting.com
(719)207-3097 direct

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